
Faulkner Realty Group
Listed by Faulkner Realty Group
$539,900
2539 N 4th Street
Details
APN 010-007656
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Units 2
NOI $42,340
Occupancy 100%
Price per SqFt $212
Year Built 1917
Year Renovated 2019
Acreage 0.100
Parking Spaces 4 spaces
Multifamily | 2 Units
Marketing description
One-of-a-kind Arts and Crafts duplex brimming with character and fully updated for today's lifestyle. Producing monthly income of $3,695. The first-floor features a huge living room, dining room with hardwood floors, built-in flanked fireplace and columned doorway. The large kitchen with island features new white cabinetry, tile floors, granite countertops, and stainless-steel appliances. This unit is complete with two bedrooms featuring hardwood floors and a fully remodeled bath with subway tile. This unit shares the lower level with the upstairs unit and includes washer dryer hook ups, new high-efficiency furnace, central air and high-efficiency tankless Navien water heater. The upper unit features a large entry hall, open living room/dining room with fireplace and french doors to the balcony. This floor is complete with a huge eat-in kitchen with ceramic tile, white cabinetry, stainless-steel appliances, and granite countertops. As well as a full bath with ceramic subway tile, and a spacious bedroom with hardwood floors. The next level up features a colossal sized primary suite with another full shower bath with subway tile. This unit also has a new high-efficiency furnace, central air and high-efficiency Navien tankless water heater. The entire property has been impeccably maintained with new windows throughout. There is off street parking, and this particular lot is wide enough to support a three-car carriage house. This wonderful home is in the historic Glen Echo Ravine neighborhood. This neighborhood was a premier location at the turn of the century and considered the streetcar suburb to downtown. There is a park at the end of the street perfect for walking your dog. Both units remodeled in 2019. Both Units leases end May 31st., 2026. Current rents are 2539 $1,625 & 2539 1/2 $2,070.
Listing Contacts

Faulkner Realty Group
Listed by Faulkner Realty Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$42,340.00
$3,528.33/mo
Valuation Metrics
0
DSCR
7.84%
Cap Rate
7.84%
ROI
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