Great investment opportunity in Congress Heights! This turn-key brick multi-family structure features four updated 1-bedroom, 1-bathroom units. Fifty percent occupancy is generating $2065 gross monthly income which is anchored by two longstanding tenants. The two vacant units provides the opportunity for leases at current market rates or potential for owner-occupancy. The four-unit configuration appeals to both investors and owner-occupants, offering the potential to occupy one unit while rental income from the remaining units helps offset ownership costs. Tenants will love the premium amenities, including hardwood floors, built-in microwaves, icemakers, and in-unit stackable washers and dryers. The property offers energy-efficient systems, low expenses, and 3 rear spaces that provide off-street parking for up to two regular sized vehicles and one bike/motorcycle. The off-street parking can also generate additional income. Situated on a manageable 0.1-acre lot, it requires minimal maintenance, ensuring a quicker return on investment. Unit also includes a basement with the potential to be converted into an additional unit or generate income from storage. Located just 1 to 3 miles from buses, subways, and major transportation routes (I-295, I-395, I-695, and I-495). Perfect for a savvy investor or an owner-occupant looking to live in one unit while generating steady rental income. Don't miss this excellent addition to acquire this renovated, income-producing, multifamily asset with immediate cash flow, long-term appreciation potential, and value-added potential, in one of DC's emerging growth corridors!
88 days
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250
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21
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Zillow last checked:
Listing updated:
Listed by:
Lisa Lessey Ross240-801-2045,
Homewise Realty Services, LLC
Source: Bright MLS,MLS#: DCDC2263270
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 4
Bathrooms: 4
Heating
Radiator, Natural Gas
Cooling
Ceiling Fan(s), Window Unit(s), Electric
Appliances
Included: Microwave, Disposal, Ice Maker, Oven/Range - Gas, Refrigerator, Washer/Dryer Stacked, Gas Water Heater
Laundry: Has Laundry
Features
Ceiling Fan(s), Combination Dining/Living
Flooring: Hardwood, Wood
Doors: Storm Door(s)
Windows: Bay/Bow
Basement: Exterior Entry,Rear Entrance,Other
Has fireplace: No
Interior area
Total structure area: 2,848
Total interior livable area: 2,848 sqft
Property
Parking
Total spaces: 3
Parking features: Off Street, On Street
Has uncovered spaces: Yes
Accessibility
Accessibility features: None
Features
Exterior features: Other
Pool features: None
Has view: Yes
View description: Street
Lot
Size: 4,356 Square Feet
Features: Unknown Soil Type
Details
Additional structures: Above Grade
Parcel number: 6239//0087
Zoning: RES
Zoning description: Residential
Special conditions: Standard
Construction
Type & style
Home type: MultiFamily
Architectural style: A-Frame
Property subtype: Multi Family
Materials
Brick
Foundation: Other
Roof: Unknown
Condition
Good
New construction: No
Year built: 1943
Utilities & green energy
Electric: Circuit Breakers
Sewer: Public Sewer
Water: Public
Utilities for property: Natural Gas Available, Electricity Available, Sewer Available, Water Available
Community & HOA
Community
Security: Carbon Monoxide Detector(s), Main Entrance Lock, Smoke Detector(s)