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Engel & Völkers

2025255236

AM-5038254 – This is the Engel & Völkers property ID, your agent might ask for it.

Philip C DiRuggiero

Engel & Völkers Washington DC

Engel & Völkers ID : AM-5038254
Petworth, Washington, District of Columbia, United States

3-Unit Investment Opportunity in Petworth

Price
$849,900

Bedrooms3
Plot surface167 m²

Amenities and special features of this apartment

Fantastic 3-unit investment opportunity. Fully updated and leased, but with flexibility for an owner-occupant or "house hack" investor with a low down payment FHA loan. One unit will free up this summer. Recently renovated, these 1BR/1BA & 1BR/1.5BA units each have their own floor and outdoor space, plus there is a 2-car garage and yard. The location on Upshur Street in Petworth is closet to Green/Yellow Line Metro, bus lines and driving access to North Capitol and just steps from local bars and restaurants like Slash Run, Hitching Post and Timber Pizza. Current NOI is $49K which puts it at a 5.75% CAP rate at list price. Perfect location with Petworth's best amenities within walking distance including green/yellow line metro, Slash Run, Timber Pizza, Cinder BBQ and the Petworth Farmer's Market, Street parking is easy and income from the 2-car garage can be further optimized. Showings will be accompanied and are available for those with significant interest and advance notice.

Bedrooms

3

Plot surface

167 m²

Get personal advice

engel & völkers shop image
Engel & Völkers

2216 14th Street, NW, 20009, Washington

2025255236

Engel & Völkers

2216 14th Street, NW, Washington, 20009

AM-5038254 – This is the Engel & Völkers property ID.
Philip C DiRuggiero
Engel & Völkers Washington DC