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5024 H St
For Sale $675,000
$675,000
- 5 Units
- Unknown Sq Ft
- 6,758 Sq Ft
- Unknown Cap Rate
Description
Motivated seller, bring an offer! Renovated turnkey five unit building for sale in Marshall Heights. Pro forma cap rate is 9.5%.
Unit mix consists of four 2 bedroom units and one 1 bedroom unit. Three occupied units: unit 1 (2 bedroom/1 bath, $1,472/month), unit 2 (1 bedroom/ 1 bath, $1,525/month), and unit 5 (2 bedroom/1 bath, $,1,757/month). Units 3 and 4 are vacant. Vacant units are move-in ready. Ownership received approval from DCHA for a rent of $1,757/month for the vacant units and unit 5 was leased out in November 2024 at that rent. Current and projected rents include all utilities (electricity, water, sewer, trash). Gas is available but it is not being utilized at the property. All units and renovated and feature newer kitchens, bathrooms, appliances, and flooring. Units have individual HVAC systems and water heaters.
Building has a large unfinished utility room adjacent to the basement unit (unit 5). This space could be used for expansion of the basement unit. Lot is 6,758 SF and it may be possible to expand the existing structure. R-2 zoning. Great for investors. Please see the Offering Memorandum for more information!
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $675,000 |
| Property Type | Multi-Family |
| Usable Sqft | Unknown |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1944 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 5341//0039 |
| MLS # | DCDC2151410 |
| Property ID | 320696041 |
| Lot Sqft | 6,758 |
| Zoning | R-2 |
| Total Units | 5 |
| Days on Market | 156 |
| Original List Price | Unknown |
| Date Updated | December 05, 2024 |
| Date Created | July 20, 2024 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Stefan Rosu an agent of . Lic #SP98377007
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Data last updated: December 23, 2024.
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REAL ESTATE AGENT