Description

This stunning, purpose-built investment property delivers excellent returns and flexibility close to Petworth Metro. Newly built in 2019, this 2-unit property was conceived by Moment Engineering + Design and sustainably constructed by Capital Builds to support a larger family or co-living style rental. With 100% occupancy since its inception, both units are fully leased for a total of $11,930 per month representing a cap rate of nearly 8%. Live in one unit, rent the other or keep both fully rented and keep as an investment property. The current lease expires on 7/1/2025 but the property owner will fully guarantee next year’s rent to ensure a smooth transition for a new owner. Each unit is 5 bed / 3 bath with modern amenities, spacious layouts and high-end finishes. Both units have an in-law suite with its own additional washer/dryer, kitchenette and minisplit for independent heating/cooling. The property has a Certificate of Occupancy and DC business rental license.
SYSTEMS & APPLIANCES: new copper water service lateral for entire property, Carrier central air & furnace, Mitsubishi & LG minisplits, power-vent assisted commercial sized 75 gallon water heaters. INTERIOR DETAILS: custom Amish built cabinetry in all kitchens and bathroom vanities, custom steel and walnut shelving, Schoolhouse Electric and Restoration Hardware lighting fixtures, custom walnut kitchen islands and all cabinetry topped with anti-microbial quartz, all interior doors are solid core and the entire house features custom millwork trim package throughout.
SOUND ATTENUATION: The three-quarter-inch white oak hardwood floors are secured onto two additional layers of plywood subflooring, injected with a sound-dampening viscoelastic polymer (Green Glue) which sits on top of a rubber membrane to significantly reduce IIC soundwaves (impact noise) between the two units. The ceiling features a "decoupling" technique, where fire-rated drywall is attached to metal channels to further reduce sound transmission.
SAFETY & INSPECTIONS: fully sprinklered building, hardwired interconnected carbon monoxide and smoke detectors, successfully passed building inspections across all areas of a new dwelling including structural, mechanical, plumbing, electrical, insulation and blower door tests.
EXTERIOR DETAILS: steel railings, composite Trex decking and PVC trim on both front and rear porches for maximum durability, front elevation brick, sides and rear finished with James Hardie fiber cement siding, Pella windows with real wood interiors, black aluminum-clad exteriors and low-E glass.
ROOFING & SUSTAINABILITY: durable and sustainable TPO roof, solar array installed by Solar Solution DC, supported by aluminum beams that transfer the weight of array to the load-bearing walls, minimizing direct roof impact. Renewable energy generated by solar array helps lower utility costs, offering better value for tenants.
The vibrant Petworth neighborhood is known for its charming streets, cultural attractions, great dining options and easy access to public transportation. Whether you're an investor seeking consistent income or a homeowner looking to capitalize on rental opportunities, this property provides a versatile investment opportunity in one of Washington, D.C.'s most desirable areas. Please note the pictures are from 2019.