4801 3RD ST NW Washington, DC 20011
4,259 SqFt
OPEN HOUSE
Sat Feb 08, 12:00pm - 1:30pm
UPDATED:
02/05/2025 03:05 PM
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 4,259 sqft
Price per Sqft $234
MLS Listing ID DCDC2183816
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
*****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
Interior
Hot Water Natural Gas
Heating Hot Water
Cooling None
Heat Source Natural Gas
Exterior
Water Access N
Accessibility 2+ Access Exits
Garage N
Building
Sewer Public Sewer
Water Public
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, Bank Portfolio, Exchange, Private
Listing Terms Cash, Conventional, Bank Portfolio, Exchange, Private
Financing Cash,Conventional,Bank Portfolio,Exchange,Private
Special Listing Condition Standard
