5024 H ST SE, Washington, DC 20019 – DCDC2196634 - Joseph Lam

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Joseph Lam

sales@soldbyturnkey.com +1(856) 305-8329

Listed by Stefan Rosu • Keller Williams Capital Properties

$699,000

Est. payment - /mo

4,500 SqFt

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UPDATED:

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 4,500 sqft

Price per Sqft $155

Subdivision Marshall Heights

MLS Listing ID DCDC2196634

Originating Board BRIGHT

Year Built 1944

Annual Tax Amount $3,490

Tax Year 2024

Lot Size 6,758 Sqft

Acres 0.16

Property Sub-Type Five Or More Units

Property Description

Motivated seller, bring an offer! Renovated turnkey five unit building for sale in Marshall Heights. Pro forma cap rate is 9%+

Unit mix consists of four 2 bedroom units and one 1 bedroom unit. Three occupied units: unit 1 (2 bedroom/1 bath, $1,472/month), unit 2 (1 bedroom/ 1 bath, $1,525/month), unit 3 (2 bedroom/1 bath, $1,475/month) and unit 5 (2 bedroom/1 bath, $1,757/month). Units 4 and 5 are vacant. Vacant units are move-in ready. Ownership received approval from DCHA for a rent of $1,757/month for the vacant unit. Current and projected rents include all utilities (electricity, water, sewer, trash). Gas is available but it is not being utilized at the property. All units and renovated and feature newer kitchens, bathrooms, appliances, and flooring. Units have individual HVAC systems and water heaters.

Building has a large unfinished utility room adjacent to the basement unit (unit 5). This space could be used for expansion of the basement unit. Lot is 6,758 SF and it may be possible to expand the existing structure. R-2 zoning. Great for investors. Please see the Offering Memorandum for more information!

Location

State DC

County Washington

Zoning R-2

Interior

Hot Water Electric

Heating Central

Cooling Central A/C

Heat Source Electric

Exterior

Water Access N

Accessibility 2+ Access Exits

Garage N

Building

Sewer Public Septic, Public Sewer

Water Public

New Construction N

Schools

School District District Of Columbia Public Schools

Others

Tax ID 5341//0039

Ownership Fee Simple

SqFt Source Estimated

Special Listing Condition Standard

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Joseph Lam

+1(856) 305-8329

Broker Associate | License ID: 0682262

Broker Associate License ID: 0682262

5024 H ST SE Washington, DC 20019

Joseph Lam

Key Details

Location

Interior

Exterior

Building

Schools

Others

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5024 H ST SE