$969,000
60-62 Telford Street
Details
Property Type Retail, Multifamily
Sub Type Apartment Building
Square Footage 4,000
Units 4
Tenancy Multi
Class B
Year Renovated 2019
Buildings 1
Lot Size (SqFt) 5,000
Parking Spaces 3 spaces
Parking per 1,000 SqFt 0.75
Ground Lease No
Fully occupied, Recently Rehabbed, 13.5% cap
Marketing description
This building is a Plug and Play. No upgrades needed but room for income growth with new leases or turnover. Building next door is currently undergoing a rehab which will only add value to the area
Investment highlights
Legal Four family. Rehabbed in 2018 with 3 bedroom/1 bath in each unit. Each unit features separate central heat/air units. Property has onsite laundry for additional $400 per month, plus 3 garages that could generate $375 per month. Four apartments total $8700 per month with 2 units below market. Two below-market rents are on a month-to-month agreement and include the superintendent's apartment. Owner in the process of concluding sprinkler system in the building. Building has current DCA Green Card. Current Cap rate of 13.5% can easily improve
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Zoning
R-2 ResidentialMulti FamilyOne And Three Family Residential
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View all 39 uses Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics
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