2916 8th St Ne, Washington, DC 20017

$875,000
: 3,296
SqFt

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List Price: $875,000
Price Change: ▼ $25,000 1779062393
Days on Market: 119
Status: ACTIVE UNDER CONTRACT
MLS#: DCDC2253708
Living Area: 3,296
Lot Size (Acres): 0.09
Style: Other
Year Built: 1941
County: Washington DC
School District: District Of Columbia Public Schools

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Property Description

This is a 4-unit apartment building located in the Brookland neighborhood of Washington, D.C. All four units were renovated approximately four years ago and are configured to function as 3-bedroom, 1-bath layouts. The property can be delivered up to 75% vacant at closing, allowing an investor to immediately lease the three vacant units while maintaining the existing in-place tenant. At stabilization, projected rents are approximately $12,128 per month. Expenses are efficiently managed at roughly 10% of gross income (financials available for verification). For an FHA buyer, there is an opportunity to occupy one unit while leasing out the remaining units, including the current tenant, generating approximately $8,537 per month in rental income. Showings are available by appointment.

(703) 898-1056

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