Investors in the DMV Area: Two Multi-Unit Buildings for Sale in Northwest D.C.
Happy New Years to everyone! I am sending this email to let you know that my partners and I have put under contract two multi-family buildings for sale in the Northwest D.C. area. Here are some details:
-Each building has 4 units
-Two units of each building have 2 beds/1 bath, while the remaining two have 1 bed/1 bath
-Each unit is 900+ sq. ft. in size
-Each building has a basement that can be converted into two additional units.
ASKING PRICE & RENTAL INCOME:
-$1.24 Million for both buildings
-Total gross monthly income (after operating expenses) for both comes to $12,000
-Operating Expenses (water, lights, trash service, tax, cleaning, and pest control) for each building comes to around $692.40
-Vacancy all Section 8 Tenants
The value of these buildings will increase as time goes by. This is a great buy & hold deal for any investor. If interested, please contact me at [email protected] as soon as possible and I will send more info, including addresses, comps, and surroundings. Thank you and have a pleasant day!