Multiple Family Home in Washington, District of Columbia

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Washington, DC 20002

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8 Bed, 4 Bath
Multiple Family Home
900 sq. ft. ($377 per sq. ft.)
Listing ID: TGJ0153

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Property Highlights

  • Single story

Property Description

4 UNIT COMPLETELY RENOVATED $340,000.00 This completely renovated 4 unit is in it s final stage of completion. I am offering it for sale pre completion at the listed price above. Final completion to be executed by November 1st 2009. Applicants for lease are being pre screened currently however the building is completely vacant. All screened applicants will be forwarded to the buyer. Specs on the property are as followed. All units are two bedrooms 1 bathroom,New Electric, New Plumbing, New Bathrooms, New Appliances, New Kitchens, New Cabinetry, New Fixtures, New Dry Wall, New Windows, Hardwood floors throughout, New HVAC- Central Air, Coin Operated Washer and Dryer on lower level. 900 Square Feet Per Unit. These units will rent for $1250 per month minimum. The District of Columbia Authority Housing Voucher program Payment Standards for 2009 states that Fair Market Rent for 2 bd units are $1288 per month. They allow $1456 for voucher holders. At $1250 per month and 50% occupancy your mortgage will be covered. One hundred percent occupancy will produce two thousand dollars minimum cash flow per month. The numbers speak for themselves. Please only serious inquires only. The building is available to see at any time. I will also be uploading pictures in the near future. For viewings call Brandon at 240-997-1696 or Sofanias at 520-250-8977 I currently have another 4 unit at 1243 Holbrook Terrace NE DC with the exact same specs. A realistic package price could be discussed.


* Est. payment based on 20% down and a 30-year fixed rate of 5.375%

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