$1,100,000
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4801 3rd Street NW Washington, DC 20011
Multi-Family
Residence
Beds
Baths
...
Bed/Bath
4,259
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
Showing 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. ****
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MLS#
DCDC2172580
Property Type
Multi-Family
Year Built
1936
Square Feet
4,259
sq. ft
Price per Sq. Ft.
$258.28
Lot Size
0.06
Sewer
Public Sewer
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