$675,000
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5024 H Street SE Washington, DC 20019
Multi-Family
Residence
Beds
Baths
3,250
Sq. Ft.
0.16
Acre
Lot
Property Activity
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Motivated seller, big price drop. Turnkey standalone five unit building for sale in Marshall Heights. Pro forma cap rate is 9.5%. Unit mix consists of four 2 bedroom units and one 1 bedroom unit. Two occupied units: unit 1 (2 bedroom/1 bath, $1,472/month) and unit 2 (1 bedroom/ 1 bath, $1,525/m...onth). Units 3,4, 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 units. 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 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!
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MLS#
DCDC2151410
Property Type
Multi-Family
Year Built
1944
Square Feet
3,250
sq. ft
Price per Sq. Ft.
$150.00
Lot Size
0.16
Sewer
Public Septic System, Public Sewer
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