Property Details
Expansive 2-unit with basement and re-development potential across (2) lots. Amazing opportunity for FHA and VA multifamily buyers in Deanwood! Unit 1 has been newly renovated and the building has recently produced up to $50,000 gross operating annual income between both units. Unit 1 (currently vacant) features 4BR/1BA, W/D, stainless steel appliances, hardwood floors, quartz kitchen surfaces, and a large storage unit. Unit 2 includes 4BR+Den/1BA and is rented out via the DCHA voucher program for $2,005/month on a month-to-month basis. Both units maintain a finished basement. The units are separately metered for electricity, natural gas, and have central air conditioning and heat. The vacant lower unit, which has been recently refreshed and is ready for an owner occupant or can be rented for $2,160/month via DCHA voucher program. The sale will include lots #20 (1,832 SQF) and #21 (1,945 SQF) for total of 3,777 lot SQF (R-2 zoning). There are (4) off-street parking spaces provided along the side of the property with a large storage shed. ***Seller has recently installed a new roof and over $20k of infrastructure improvements to the building .*** The property is located just 0.5 miles from the Minnesota Ave. Metro (Orange), and is sandwiched between two qualifying Opportunity Zones.
Chris Burns
LISTING AGENT