CHARIS REALTY GROUP

Other

2916 8TH STREET NE

WASHINGTON, DC 20017

MLS#: DCDC2253708

$875,000

Status: Active
Listing number: DCDC2253708
Listing provided by: HomeSmart
Listing agent phone: None
Last update: 25 days ago
On site: 2 months ago
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Property

Beds

4

Full Baths

None

1/2 Baths

None

Year Built

1941

Sq.Footage

3,296

This is a 4-unit apartment building located in the Brookland neighborhood of Washington, D.C. All four units were renovated approximately four years ago and are configured to function as 3-bedroom, 1-bath layouts. The property can be delivered up to 75% vacant at closing, allowing an investor to immediately lease the three vacant units while maintaining the existing in-place tenant. At stabilization, projected rents are approximately $12,128 per month. Expenses are efficiently managed at roughly 10% of gross income (financials available for verification). For an FHA buyer, there is an opportunity to occupy one unit while leasing out the remaining units, including the current tenant, generating approximately $8,537 per month in rental income. Showings are available by appointment.

Features & Amenities

Interior

  • Total Bedrooms

    4

  • Bathrooms

    N/A

  • Above Grade Finished Area

    3296.0

  • Cooling YN

    YES

  • Cooling

    Other

  • Heating YN

    YES

  • Heating

    Other

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Brick Veneer

  • Parking

    Off Street

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.09

  • Lot Size(square feet)

    3840.0

  • Property Type

    Residential Income

  • Property Sub Type

    Quadruplex

  • Architectural Style

    Other

Price

  • Sales Price

    $875,000

  • Tax Amount

    $8,471

  • Sq. Footage

    3, 296

  • Price/SqFt

    $265

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

  • New Construction

    YES

  • Sewer

    Public Sewer

  • Water Source

    Public

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Location

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Listing Courtesy of So Tayebi , HomeSmart

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Agent Derek Benjamin

AGENT

Derek Benjamin

Call Derek today to schedule a private showing.

(301) 712-8962

derek@wolfeteam.net


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This is a 4-unit apartment building located in the Brookland neighborhood of Washington, D.C. All four units were renovated approximately four years ago and are configured to function as 3-bedroom, 1-bath layouts. The property can be delivered up to 75% vacant at closing, allowing an investor to immediately lease the three vacant units while maintaining the existing in-place tenant. At stabilization, projected rents are approximately $12,128 per month. Expenses are efficiently managed at roughly 10% of gross income (financials available for verification). For an FHA buyer, there is an opportunity to occupy one unit while leasing out the remaining units, including the current tenant, generating approximately $8,537 per month in rental income. Showings are available by appointment.

2916 8TH STREET NE

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