2905 30Th Street Se Washington, DC 20020

THE OPPORTUNITY:Four-unit fully renovated cash flowing building in a burgeoning Randle Heights neighborhood.RENT CONTROL EXEMPT:Being under five units, the asset is not subject to restrictive Rent Control laws and the inefficiencies associated with ensuring compliance. As rents continue to rise, ownership will have the ability to match future rents with the market.BUILD EQUITY AT A DISCOUNT:With the number of loan products out there for first time buyers, new ownership will have the ability to build equity at a discount compared to local rents. Occupy a two-bedroom unit while renting out the other three units and pay significantly less in monthly mortgage than market rent for this unit type.CASH FLOWING ASSET:The average in-place monthly rent for the two occupied units is $1,944, which is strong for this submarket. All of the capex has been previously completed, allowing new ownership the ability to step in and immediately capitalize on in place cash flow.STEPS AWAY FROM SKYLAND DEVELOPMENT:The neighborhood has experienced a boom in development with the recently delivered Skyland Town Center right around the corner. Skyland is the first town center development in Southeast DC, which encompasses over 18 acres of mixed-use development including 275k square feet of retail and more than 400 residential units at completion. Retailers include CVS, LIDL, Starbucks, and more!RECENT GUT-RENOVATIONS:The Property underwent a gut renovation in 2018, including upgrades to systems, electrical, appliances, and exteriors. These recent gut renovations reduce the need for future repairs and minimize the potential for additional capital improvements, making it a more stable investment for the purchaser.