Home For Sale In Washington, District Of Columbia

Come bring this four-unit gem back to glory! Each unit includes 1 bedroom, 1 full bathroom, a galley kitchen, foyer, combined living-dining room, back patio, and access to the back steps. The back patio could be converted to a 2nd bedroom to make it two bedroom units. Each unit has the exact same layout. Note: Three units are occupied, and one unit is vacant. This building features a front and rear entrance. Also, backyard parking for two cars and plenty of street parking. Two units include newer hot water heater. Each unit is separately metered for electric and gas. Water is paid by owner. This four-unit is a rare investment opportunity. The building will need some work, repairs, and upgrades, but will be worth the work. This property is ideal for an investor who wants to buy and hold, rehab for instant equity, or BRRR. Each tenant is month-to-month and paying below market rent. The current fair market rent ranges from $1, 200 - $1, 400 for a 1 bed/1 bath flat in area.