Motivated seller, bring an offer! Renovated turnkey five unit building for sale in Marshall Heights. Pro forma cap rate is 9%+
Unit mix consists of four 2 bedroom units and one 1 bedroom unit. Three occupied units: unit 1 (2 bedroom/1 bath, $1,472/month), unit 2 (1 bedroom/ 1 bath, $1,525/month), unit 3 (2 bedroom/1 bath, $1,475/month) and unit 5 (2 bedroom/1 bath, $1,757/month). Units 4 and 5 are vacant. Vacant units are move-in ready. Ownership received approval from DCHA for a rent of $1,757/month for the vacant unit. Current and projected rents include all utilities (electricity, water, sewer, trash). Gas is available but it is not being utilized at the property. All units and renovated and feature newer kitchens, bathrooms, appliances, and flooring. Units have individual HVAC systems and water heaters.
Building has a large unfinished utility room adjacent to the basement unit (unit 5). This space could be used for expansion of the basement unit. Lot is 6,758 SF and it may be possible to expand the existing structure. R-2 zoning. Great for investors. Please see the Offering Memorandum for more information!
By clicking on login buttons you are agreeing to our
terms of use and giving us expressed written consent to contact you
Thank you for registering.
Are you currently working with one of these agents?
Ask A Question
By clicking on login buttons you are agreeing to our
terms of use and giving us expressed written consent to contact you
Get Pre-Approved Now!
Give yourself a better position in the competitive home buying market.
Complete the form to get started on your journey to purchase your dream home.
Our lending partner has a wide variety of lending options available and advanced mortgage technology.
As a result, our lending partner's clients enjoy a flawless experience through impeccable execution and timely communication throughout the process.