4801 3Rd Street Nw Washington, DC 20011

$999,900
0.06
Acres
$999,900
Favorite
Ask agent
Share

active
1/10
Street View

Showing Saturday 02/08/2025 starting 12 PM till 1:30 PM **Attention Investors!** This is a fantastic opportunity to acquire a 5-plex in the Petworth community with significant potential for value addition. There is an opportunity to increase rents through the voucher program. Currently, the units are rented through a group rental arrangement, except for one long-term tenant, generating a total monthly gross rental income of $8,084. The rent reasonableness program offers $2,449 for a 2-bedroom & $3526 for a 3-bed unit in the zip code, which could elevate the building's pro forma rent to $15,476 per month, There are three units with a 3bedroom layout and 2 bedrooms with 2-bed layout *****The financial projections and assumptions presented in this proforma document are for illustrative purposes only and are based on information available at the time of preparation. These projections are not guarantees of future performance and involve significant risks, uncertainties, and assumptions, many of which are beyond the control of the preparer or organization. ****

Showing Saturday 02/08/2025 starting 12 PM till 1:30 PM **Attention Investors!** This is a fantastic opportunity to acquire a 5-plex in the Petworth community with significant potential for value addition. There is an opportunity to increase rents through the voucher program. Currently, the units are rented through a group rental arrangement, except for one long-term tenant, generating a total monthly gross rental income of $8,084. The rent reasonableness program offers $2,449 for a 2-bedroom & $3526 for a 3-bed unit in the zip code, which could elevate the building's pro forma rent to $15,476 per month, There are three units with a 3bedroom layout and 2 bedrooms with 2-bed layout *****The financial projections and assumptions presented in this proforma document are for illustrative purposes only and are based on information available at the time of preparation. These projections are not guarantees of future performance and involve significant risks, uncertainties, and assumptions, many of which are beyond the control of the preparer or organization. ****

  • Neighborhood
  • Type
  • County
    Washington
  • Tax Amount
    $9,266
  • Status
    Active
  • Listing #
    DCDC2183816
  • Built
    1936
  • Lot Size
    0.06
  • Listed on site
    36 days
  • Listing Agent Id
    121137285943

Listed by:
Keller Williams Capital Properties

Source:
BRIGHT MLS

Click for Map
Smart Commute Planner

How Much Is My Home Worth?

Get an instant home-value estimate

Add a destination

School Info

Property details

Community Features

  • No HOA
  • No Adult Community

Property Features

  • No Builder Restrictions

Exterior features

  • No Pool
rating icon
GREAT DEAL
NEW!
Favorite
Ask agent
Share

Tour This Home

Fri
14Mar
Sat
15Mar
Sun
16Mar
Mon
17Mar
Tue
18Mar
Wed
19Mar
Thu
20Mar
Fri
21Mar
Sat
22Mar
Sun
23Mar
Mon
24Mar
Tue
25Mar
Wed
26Mar
Thu
27Mar
in Person
via Video Call
Licensed REALTOR® in DC, MD, VA
Photo of Stephen Gabauer
Stephen Gabauer
1 of 5 stars2 of 5 stars3 of 5 stars4 of 5 stars5 of 5 stars48 client reviews