1739 North Washington Street
Amazing North Capitol Hill/Uptown 4-Unit Investment Opportunity with Immediate Upside
Marketing description
Amazing North Capitol Hill/Uptown 4-unit investment opportunity with immediate upside. Current rents are below market, presenting a clear value-add opportunity for investors. The units have been thoughtfully updated with modern kitchens, bathrooms, and flooring. They also feature in-unit mini-split systems, offering the rare advantage of air conditioning within a classic vintage property. The building also includes two owner-owned sets of washers and dryers, enhancing tenant convenience and overall appeal. Additional highlights include a one-car garage, one off-street parking space, and ample street parking. Ideally positioned in a highly walkable location just steps from popular bars, restaurants, and all that downtown has to offer. Proven rental history with long-term tenants and consistently strong demand, allowing for quick and reliable lease-up.
Investment highlights
- AMAZING NORTH CAPITOL HILL/UPTOWN LOCATION
- DIVERSE UNIT MIX CONSISTING OF (1) 2BR/2BA UNIT, ( 1) 2 BR/1BA UNIT, AND (2) 1 BR/1BA UNIT
- UNMATCHED WALKABILITY TO DINING, NIGHTLIFE, PARKS, AND RETAIL STORES
- COMPETITIVE BASIS: AT $65/SF LESS THAN THE CURRENT COMPARABLE SALE AVERAGE (ROUGHLY $380/SF)
- IN-UNIT MINI-SPLIT SYSTEM ALLOWING TENANTS TO HAVE AIR CONDITIONING
- RENOVATED UNITS WITH IMMEDIATE RENTAL UPSIDE
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