Additional photos, floorplans, and videos will be uploaded after 9/9/24.Discover a rare investment opportunity in the highly sought-after Eckington neighborhood of DC with this recently updated two-unit building (8 Bedrooms and 3 Full Baths Total). Featuring stunning hardwood floors and brand-new appliances, this property seamlessly blends classic charm with modern comfort. Strategically located within walking distance to the prestigious McKinley Tech High School, Howard University, and the lively Union Market, this building offers unbeatable convenience. Plus, it comes with an approved certificate of occupancy and is fully rent-ready, ensuring a smooth transition for investors or homeowners.The numbers speak for themselves: proformas show a potential gross revenue of over $84,000 annually, delivering an impressive 11.8% return with a 7.1% Cap Rate if fully rented. If you choose to occupy the upper unit and rent out the lower unit, you can still expect a solid $70,000 annual with rental income of $5,757 per month. Whether you're looking to generate substantial passive income or live in one unit while renting out the other, this property offers endless possibilities for financial growth. Don’t miss out on securing your future with this prime investment.
Additional photos, floorplans, and videos will be uploaded after 9/9/24.Discover a rare investment opportunity in the highly sought-after Eckington neighborhood of DC with this recently updated two-unit building (8 Bedrooms and 3 Full Baths Total). Featuring stunning hardwood floors and brand-new appliances, this property seamlessly blends classic charm with modern comfort. Strategically located within walking distance to the prestigious McKinley Tech High School, Howard University, and the lively Union Market, this building offers unbeatable convenience. Plus, it comes with an approved certificate of occupancy and is fully rent-ready, ensuring a smooth transition for investors or homeowners.The numbers speak for themselves: proformas show a potential gross revenue of over $84,000 annually, delivering an impressive 11.8% return with a 7.1% Cap Rate if fully rented. If you choose to occupy the upper unit and rent out the lower unit, you can still expect a solid $70,000 annual with rental income of $5,757 per month. Whether you're looking to generate substantial passive income or live in one unit while renting out the other, this property offers endless possibilities for financial growth. Don’t miss out on securing your future with this prime investment.
Neighborhood
Type
County
Washington
Tax Amount
$5,916
Status
Upcoming
Listing #
DCDC2157870
Built
1923
Lot Size
0.03
Listed on site
4 days
Listing Agent Id
802341379730