4801 3RD STREET NW, WASHINGTON, DC, 20011
4801 3RD STREET NWWASHINGTON, DC 20011
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Monthly Payment (Est.)
$5,019Showing Saturday 01/25/2025 starting 12 PM till 1:30 PM Seller is offering $50,000 CapEx Escrow**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. ****
| 4 days ago | Listing updated with changes from the MLS® | |
| 3 weeks ago | Status changed to Active | |
| 3 weeks ago | Listing first seen on site |
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