Real Estate Broker · DC MD, VA & NV · Member since 2014 · 515 posts · 294 votes
Excellent Investor opportunity! This 2-Unit rental property consists of 2 1BR/1BA units currently rented and generating $3,400/month! This is a very well-maintained and has good tenants on annual leases, although unit #1 will be moving end of May so either raise the rent or move in yourself! Central air (upstairs only), each unit has washer/dryer, full kitchen, bath, and hardwood floors. Property is separately metered with a DC Business License and Certificate of Occupancy. Terrific location in historic LeDroit Park and just a short walk to metro, Howard University and the restaurants/shops of Shaw! I'm an Assoc. Broker in Washington DC and have been investing/selling for 16 years. https://www.homesnap.com/DC/Washington/343-Elm-Street-NW
2. Is it currently being managed by a property management company?
3. Re- Lease- What are the terms ?
4. Do you have any financials ? Expenses, Taxes , NOI
We are in the market to purchase Turn Keys or light rehab homes. Please submit your property on our website for consideration http://www.aplusrealestateintl.com/sell-for-cash
No Seller Financing @AnthonyDadlani, no property management company (there's really not much to manage!), each tenant is on an annual lease. Downstairs tenant lease ($1,500) 5/31 and she intends to move (rent due to be increased for new tenant) and Upstairs lease ($1,900) ends in Sept. Expenses consist of Taxes, Insurance, and owner pays gas & water, although gas can be passed on to tenants in future. No HOA. will update actual expenses-