Description
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. Dont miss out on securing your future with this prime investment.
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0BEDS
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0.03ACRES
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0BATHS
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01/2 BATHS
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2,648SQFT
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$453$/SQFT
Description
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. Dont miss out on securing your future with this prime investment.
©2024 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 Julie Robinson and Mark Smith Associates | RE/MAX Realty Group. 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: 2024-09-07T23:50:52.8.