Description
MULTIPLE OFFERS! ALL OFFERS WILL BE REVIEWED APRIL 21, 2023. Incredible value-add opportunity. Install four windows and the market and HCVP rent increases by $400 per month - per unit. Current rents for each unit average $1,350 per month. The HCVP payment for two bedrooms in this market is $1,700 per month.
The Small Multifamily Group is pleased to present the exclusive listing for this value add four-unit apartment building located at 1845 M Street NE. The property is located in the Northeast quadrant of Washington, DC in the Trinidad-Langston neighborhood. Trinidad-Langston is a quiet neighborhood with easy access to employment opportunities.
There are about 170 bars and restaurants in Trinidad-Langston. 1845 M Street presents investors the opportunity to acquire a value add property. There are four two-bedroom units. Three units are occupied with below-market rents, one unit is vacant. Tenants pay utilities - owner pays only for water.
Preferred Title Company - Premium Title
Preferred Lender - Residential Mortgage
Location
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Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 7th June, 2023 3:13 PM (UTC)
