Make up to 1,000,000.00 MILLION dollars *INVESTMENT OPORTUNITY* !!!New architectural drawings available.Future development potential*:• 4 unit condominium each unit 3 bed, 2.5 bath: Total SF: 8133 SF○ Unit A: 1860 SF @ 360 $/SF= 669,600.00○ Unit B: 1869 SF @ 360 $/SF= 672,840.00○ Unit C: 1980 SF @ 410 $/SF= 811,800.00○ Unit D: 1994 SF @ 410 $/SF= 817,540.00○ Common Area: 431 SF• Total Gross proceeds: 2,971,780.00○ Less initial investment @ 849,000.00○ Less carrying cost, construction cost, interest, ect @ 900,000.00• Total potential net PROFIT*: 1,222,780Current status of the building :• 4 units , FULLY occupied, all of them 1 bed +1 bath+ den• Total building Size 3244 SF**• Currently rented @:○ Apt 1: 1375,- + utilities, landlord pays trash/water/sewer○ Apt 2: 1400,- + utilities, landlord pays trash/water/sewer○ Apt 3: 1400,- + utilities, landlord pays trash/water/sewer○ Apt 4 1425,- + utilities, landlord pays trash/water/sewer• Annual Gross income: 66,900,-• Expenses (estimated) : water, sewer, taxes, insurance, ect : 15369,-• NOI (net operating income) : 51,531• Current Cap rate: 4.6%STRICTLY SOLD AS IS !*Not a financial advice, actual results might differ.**According to tax records*** pictures and plans for informational purposes only and might not present actual condition.
Make up to 1,000,000.00 MILLION dollars *INVESTMENT OPORTUNITY* !!!New architectural drawings available.Future development potential*:• 4 unit condominium each unit 3 bed, 2.5 bath: Total SF: 8133 SF○ Unit A: 1860 SF @ 360 $/SF= 669,600.00○ Unit B: 1869 SF @ 360 $/SF= 672,840.00○ Unit C: 1980 SF @ 410 $/SF= 811,800.00○ Unit D: 1994 SF @ 410 $/SF= 817,540.00○ Common Area: 431 SF• Total Gross proceeds: 2,971,780.00○ Less initial investment @ 849,000.00○ Less carrying cost, construction cost, interest, ect @ 900,000.00• Total potential net PROFIT*: 1,222,780Current status of the building :• 4 units , FULLY occupied, all of them 1 bed +1 bath+ den• Total building Size 3244 SF**• Currently rented @:○ Apt 1: 1375,- + utilities, landlord pays trash/water/sewer○ Apt 2: 1400,- + utilities, landlord pays trash/water/sewer○ Apt 3: 1400,- + utilities, landlord pays trash/water/sewer○ Apt 4 1425,- + utilities, landlord pays trash/water/sewer• Annual Gross income: 66,900,-• Expenses (estimated) : water, sewer, taxes, insurance, ect : 15369,-• NOI (net operating income) : 51,531• Current Cap rate: 4.6%STRICTLY SOLD AS IS !*Not a financial advice, actual results might differ.**According to tax records*** pictures and plans for informational purposes only and might not present actual condition.
Neighborhood
Type
County
Washington
Tax Amount
$7,234
Status
Active
Listing #
DCDC2270584
Built
1920
Lot Size
0.08
Listed on site
3 days
Listing Agent Id
121136621667