4801 3RD ST NW Active Save Request In-Person Tour Request Virtual Tour
Washington,DC 20011
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 4,074 sqft
Price per Sqft $270
MLS Listing ID DCDC2172576
Style Other
Abv Grd Liv Area 2,861
Originating Board BRIGHT
Year Built 1936
Annual Tax Amount $9,266
Tax Year 2024
Lot Size 2,436 Sqft
Acres 0.06
Property Description
**Attention Investors!** This is a fantastic opportunity to acquire a 5-plex in the Petworth community with significant potential for value addition. There is an opportunity to increase rents through the voucher program. Currently, the units are rented through a group rental arrangement, except for one long-term tenant, generating a total monthly gross rental income of $8,084. The rent reasonableness program offers $2,449 for a 2-bedroom & $3526 for a 3-bed unit in the zip code, which could elevate the building's pro forma rent to $15,476 per month, There are three units with a 3bedroom layout and 2 bedrooms with 2-bed layout
FYI, Heavy up electrical upgrade 4/5 years old, There is a common area community laundry room in the basement that currently generates an additional $400-500 per month
*****The financial projections and assumptions presented in this proforma document are for illustrative purposes only and are based on information available at the time of preparation. These projections are not guarantees of future performance and involve significant risks, uncertainties, and assumptions, many of which are beyond the control of the preparer or organization. ****
Location
State DC
County Washington
Zoning RA-1
Rooms
Basement Improved
Interior
Hot Water Natural Gas
Heating Hot Water
Cooling None
Fireplace N
Heat Source Natural Gas
Exterior
Water Access N
Accessibility 2+ Access Exits
Garage N
Building
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade,Below Grade
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Tax ID 3323//0021
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash,Conventional,Private,Bank Portfolio,Exchange
Listing Terms Cash,Conventional,Private,Bank Portfolio,Exchange
Financing Cash,Conventional,Private,Bank Portfolio,Exchange
Special Listing Condition Standard