Exciting opportunity for owner-occupant or savvy investor. FHA, Conventional, or cash welcome. 9.8% cap rate. Two ways to enjoy: 1) Live in the 3BR unit (which will be vacant January 1, 2019) and continue renting out the top 2BR unit ($2,331 rent); or 2) If buying as an investment, the 3BR unit rents for $3131/month, for a total of $5462 in rent per month. |||||| PROPERTY CONDITION: Fully-renovated in 2016 including windows, new roof, new electrical panels and wires, stainless steel appliances, granite countertops, in-unit stacking washer driers in each unit. New water heater in Nov 2019. Units have passed DC Government inspections in July 2019 and Sept 2019. It passed an FHA inspection on March 2016. This property is the only one in the neighborhood that has a legal 2BR unit on the top floor (most others are 3BR-1BR two units or SFH with an English basement). ||||| UNIT LAYOUTS: Enter the units from two separate doors on the front of the property. Door 2 leads you up a set of stairs to Unit 2 where there are two bedrooms, a galley kitchen, a living room and a bathroom. Door 1 takes you Unit 1, into a hallway where you can access the three bedrooms, a full bathroom and a linen closet. Go downstairs to the ground-level massive living-room/dining room combo, and the galley kitchen complete with laundry alcove. There is parking in the back of the unit with space for one vehicle. Parking rights are currently assigned to the tenant in unit 1 (the 3BR unit). Tenant from Unit 1 will vacate by Dec. 31, 2019. ||||||| LOCATION: Property is one block from the H8 bus which takes riders to: Columbia Heights, Petworth, Brookland and Rhode Island metro stations. 1/2 mile walk to Ft. Totten metro (Green, yellow, red lines). Yu Ying Chinese bilingual charter school is 2 blocks away. Very easy to find tenants for this property, and/or it is a very great neighborhood to live in. Listing agent is owner.
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