$30K PRICE DROP! Updated Deanwood 2-unit with re-development potential across (2) lots at a 6.5% cap rate! Both units are separately metered, and rented out via the DCHA voucher program for $2, 045/month (lower unit) and $2, 005/month (upper unit), for a total of $48, 600 gross operating income, with annual operating expenses of approximately $7, 400. All leases are currently month-to-month. The sale will include lots #20 (1, 832 SQF) and #2 (1, 945 SQF) for total of 3, 777 lot SQF (R-2 zoning). Unit 1 features 4BR/1BA, Unit 2 includes 4BR+Den/1BA, and both units maintain a finished basement. Both 2-level updated units feature W/D, granite kitchen surfaces, and a large storage unit. There are (4) parking spaces provided along the side of the property. The property is located just 0.5 miles from the Minnesota Ave. Metro (Orange), and is sandwiched between two qualifying Opportunity Zones.
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Rob Bergman, GRI
Residential & Commercial Real Estate
Email: Rob@RobBergman.com Phone: 202.262.3848
Rob Bergman | RE/MAX Allegiance | Office: 202.547.5600 | Rob@RobBergman.com
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