1006 Webster St. NW, Washington, DC 20011 USA + UNAVAILABLE

Multifamily Investment Opportunity

Acquisition Price:

$5,700,000

10 Unit Apartment Building - 5 Bedrooms/per unit

Great opportunity to add a REAL GEM to your portfolio! This investment property is a 10 unit apartment building located on DC's Northwest side. All brick building with street parking. The building will be delivered vacant. The pictures are attached to the link below along with proforma reports and DC voucher rent breakdowns. The current breakdown of the units are 5 bedrooms per unit 10 total units. There is awesome potential for a value add with architectural plans for redevelopment, adding an additional story on the building which can result in 10 new units to make it a 20 unit building. The expected rehab cost is 50-60k per unit.

Gross Rental Income per month- $57,570

Gross Rental Income per year- $690,840

PHOTOS:

https://www.dropbox.com/sh/ixtll1r15t9f6gt/AABnGVB_fb1kTh1oemlDoGVna?dl=0https%3A%2F%2Fdrive.google.com%2Fdrive%2Ffolders%2F143dJV1MyJg6lDtFx9QU63eBM3XjSjm1N%3Fusp%3Dsharing--

Proposed Architectural Plans for Redvelopment:

"We make your real estate investing process so easy"

PROMISE LAND REALTY, LLC

Work: 313-307-6616

sarter@promiselandrealtyllc.com

www.promiselandrealtyllc.com

All Off Market Properties are Sold As-Is. Buyer must do their due diligence. Sold on Warranty deed. We are selling our assignable interest.  Proof Of Funds is required with all offers. Earnest Money Deposit due within 48 hours of accepted offer. Closings are done quickly and with a title company/closing attorney. *Realtors add your fee on top*