Description
Fantastic investment opportunity in Hillcrest! This well-maintained 6-unit building is comprised of six 2-bedroom and 1-bath units. Take advantage of the rising rental prices at a steep discount as the building is priced $100,000 below a recent appraisal. At a current capitalization rate of 8.12%, this is a great short-term investment. With the development and corresponding rent increases in Hillcrest and surrounding areas of SE DC, there are tremendous long-term benefits to owning this building as well. All units are currently occupied and TOPA notices have been filed. With several upgrades in the last 3 years including an electrical upgrade, HVAC upgrade and a completely renovated 6th unit, this is an ideal opportunity for an investor looking for a turnkey investment. To protect the privacy and reduce anxiety of the tenants, all showings will be scheduled after a Letter of Intent and/or Offer of Sale has been reviewed by the sellers.
Description
Fantastic investment opportunity in Hillcrest! This well-maintained 6-unit building is comprised of six 2-bedroom and 1-bath units. Take advantage of the rising rental prices at a steep discount as the building is priced $100,000 below a recent appraisal. At a current capitalization rate of 8.12%, this is a great short-term investment. With the development and corresponding rent increases in Hillcrest and surrounding areas of SE DC, there are tremendous long-term benefits to owning this building as well. All units are currently occupied and TOPA notices have been filed. With several upgrades in the last 3 years including an electrical upgrade, HVAC upgrade and a completely renovated 6th unit, this is an ideal opportunity for an investor looking for a turnkey investment. To protect the privacy and reduce anxiety of the tenants, all showings will be scheduled after a Letter of Intent and/or Offer of Sale has been reviewed by the sellers.
©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or ExecuHome Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-01-30T08:50:06.113.