5024 H St SE , Washington, DC 20019
Washington, DC 20019
Description
Motivated seller, bring an offer! Renovated turnkey five unit building for sale in Marshall Heights. Pro forma cap rate is 9.6%. Unit mix consists of four 2 bedroom units and one 1 bedroom unit. Four 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). Unit 4 is 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!
Details
| MLS# | DCDC2151410 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1944 |
| Days On Site | 183 |
| Listing Provided By | Keller Williams Capital Properties | Stefan Rosu |
Features
| SQ Feet | 4,500 |
|---|---|
| Zoning | R-2 |
| Acreage | 0.16 |
Market Activity 20019
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Learn More About This Property
| State | DC |
|---|---|
| County | Washington |
| City | Washington |
| Zip Code | 20019 |
| Community Name | Marshall Heights |
| School District | District Of Columbia Public Scho |
| Listing VS Median (in Marshall Heights) | |
Price: $675,000 low | high Med: $360,000 SqFt: 4,500 low | high Med: 1,845 $ / SqFt: $150 low | high Med: $210 On Site: 183 low | high Med: 74.500000 | |
