$ 675,000
5024 H ST SE Washington, DC 20019
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$ 675,000
Est. payment /mo
Active
5024 H ST SE Washington, DC 20019
4,500 SqFt
UPDATED:
11/22/2024 03:16 PM
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 4,500 sqft
Price per Sqft $150
Subdivision Marshall Heights
MLS Listing ID DCDC2151410
Originating Board BRIGHT
Year Built 1944
Annual Tax Amount $3,489
Tax Year 2024
Lot Size 6,758 Sqft
Acres 0.16
Property Description
Motivated seller, bring an offer! Renovated turnkey five unit building for sale in Marshall Heights. Pro forma cap rate is 9.5%.
Unit mix consists of four 2 bedroom units and one 1 bedroom unit. Three occupied units: unit 1 (2 bedroom/1 bath, $1,472/month), unit 2 (1 bedroom/ 1 bath, $1,525/month), and unit 5 (2 bedroom/1 bath, $,1,757/month). Units 3 and 4 are vacant. Vacant units are move-in ready. Ownership received approval from DCHA for a rent of $1,757/month for the vacant units and unit 5 was leased out in November 2024 at that rent. Current and projected rents include all utilities (electricity, water, sewer, trash). Gas is available but it is not being utilized at the property. All units and renovated and feature newer kitchens, bathrooms, appliances, and flooring. Units have individual HVAC systems and water heaters.
Building has a large unfinished utility room adjacent to the basement unit (unit 5). This space could be used for expansion of the basement unit. Lot is 6,758 SF and it may be possible to expand the existing structure. R-2 zoning. Great for investors. Please see the Offering Memorandum for more information!
Unit mix consists of four 2 bedroom units and one 1 bedroom unit. Three occupied units: unit 1 (2 bedroom/1 bath, $1,472/month), unit 2 (1 bedroom/ 1 bath, $1,525/month), and unit 5 (2 bedroom/1 bath, $,1,757/month). Units 3 and 4 are vacant. Vacant units are move-in ready. Ownership received approval from DCHA for a rent of $1,757/month for the vacant units and unit 5 was leased out in November 2024 at that rent. Current and projected rents include all utilities (electricity, water, sewer, trash). Gas is available but it is not being utilized at the property. All units and renovated and feature newer kitchens, bathrooms, appliances, and flooring. Units have individual HVAC systems and water heaters.
Building has a large unfinished utility room adjacent to the basement unit (unit 5). This space could be used for expansion of the basement unit. Lot is 6,758 SF and it may be possible to expand the existing structure. R-2 zoning. Great for investors. Please see the Offering Memorandum for more information!
Location
State DC
County Washington
Zoning R-2
Interior
Hot Water Electric
Heating Central
Cooling Central A/C
Heat Source Electric
Exterior
Waterfront N
Water Access N
Accessibility 2+ Access Exits
Garage N
Building
Sewer Public Septic, Public Sewer
Water Public
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Tax ID 5341//0039
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
Listed by Stefan Rosu • Keller Williams Capital Properties
