$1,125,000
$1,195,000
5.9%For more information regarding the value of a property, please contact us for a free consultation.
2,556 SqFt
SOLD DATE : 12/31/2024
Key Details
Sold Price $1,125,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,556 sqft
Price per Sqft $440
MLS Listing ID DCDC2154140
Sold Date 12/31/24
Style Traditional
Abv Grd Liv Area 2,556
Originating Board BRIGHT
Year Built 1942
Annual Tax Amount $3,506
Tax Year 2024
Lot Size 3,565 Sqft
Acres 0.08
Property Description
Back on the MARKET! PRIME investment opportunity boasting an impressive 10.5%+ CAP rate!!! Multi-family building in Washington, DC features 4 fully-occupied units, with a steady monthly income of $12,400. All units are rented through DCHA housing vouchers, ensuring consistent and reliable cash flow. This building not only delivers strong financial returns but also includes a dedicated on-site Super who efficiently handles maintenance and tenant concerns. Building layout is Two, 5 -bedroom units and Two, 2 bedroom units. Additional perks include convenient rear off-street parking and coin operated laundry room bringing in additional income. Don't miss your chance to invest in this well-managed, high-yield asset in a vibrant SE DC.
Location
State DC
County Washington
Zoning R2
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Fireplace N
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Tax ID 5362//0081
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Exchange
Listing Terms Cash, Exchange
Financing Cash,Exchange
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Marlena D McWilliams • Keller Williams Capital Properties
GET MORE INFORMATION
Agent | License ID: 0225193218 - VA, 5003479 - MD
+1(703) 298-7037 | jason@jasonandbonnie.com