Listed by CENTURY 21 NEW MILLENNIUM
$1,450,000
5615 1st Pl
Details
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Square Footage 3,400
Net Rentable (SqFt) 3,400
Units 4
Cap Rate 5.72%
NOI $82,900
Occupancy 100%
Price per SqFt $426
Broker Co-Op Yes
Year Built 1935
Year Renovated 2021
Buildings 1
Stories 2
Lot Size (SqFt) 3,536
Zoning Horizontal Condo
Parking Spaces 3 spaces
Parking Per SqFt 0.88
Ground Lease No
Ownership Condo
Multifamily | 4 Units | $362,500/unit
Marketing description
Well-maintained and recently renovated four-unit building in desirable Northwest. Each unit offers efficient layouts of approximately 850 square feet, appealing to strong tenant demand in the market. The property benefits from three off-street parking spaces — a significant competitive advantage in the area. All units on a month-to-month lease. Tenants do not have TOPA rights, but are in the process of being notified. Call LA for details/documents. This asset presents a rare opportunity to acquire a stabilized, income-producing property with minimal deferred maintenance and long-term upside in one of DC’s most resilient rental markets.
Investment highlights
Renovated 2021
Month-Month Leases
3 parking spaces
Listing Contacts
Listed by CENTURY 21 NEW MILLENNIUM
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$82,900.00
$6,908.33/mo
Valuation Metrics
0
DSCR
5.72%
Cap Rate
5.72%
ROI
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