2928 Nelson Pl Se - Apartments FOR SALE


Washington, DC 20019- Anacostia
$1,150,000 USD
703-225-8292
2928 Nelson Pl Se, Washington, DC for Sale
$1,150,000 USD
Apartments - FOR SALE
1/30
null | 7.83% Cap Rate

2928 Nelson Pl Se
Washington, DC 20019
Anacostia


HIGHLIGHTS

  • Completely renovated and ready for the new owner
  • Over 550K spent in renovation
  • Open concept, stainless steal appliances, solar system

OVERVIEW

Discover a prime investment opportunity in Hillcrest, DC with this fully renovated 4-unit property, currently fully occupied and generating robust income. Over $550,000 has been invested in renovating this turnkey gem, which boasts sleek laminate floors, elegant granite countertops, stainless steel appliances, and convenient washer and dryer hookups in every unit. Additionally, it features a paid-off solar system valued at over $56,000 and will convey for the right offer. The property includes two 2-bedroom units and two 3-bedroom units, delivering a current monthly rental income of $7,703 and an additional $8,000+ annually from owned solar panels. Located just across the river from Capitol Hill, residents enjoy vibrant city life combined with a tranquil retreat. Proximity to public transportation further enhances its appeal. Tenants cover all utility costs. Additionally, if desired, one unit can be vacated for owner occupancy. Seize the chance to add this high-performing, income-generating property to your investment portfolio, offering both immediate returns and long-term appreciation. Tenant is responsible for all utilities. Separate meters!

FOR SALE DETAILS

PRICE

$1,150,000 USD

PRICE/SF

$423 USD /SF

# OF UNITS

4

PRICE/UNIT

$287,500

CAP RATE

7.83%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2928 Nelson Pl SE, Washington, DC 20019-7716

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1940

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

4,008 SF

ZONING

RA-1

APN/PARCEL ID

5505-0023

ASK ABOUT THIS PROPERTY

Sebrina AdemRE/MAX AllegianceMore Info
703-225-8292

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Sebrina AdemRE/MAX AllegianceMore Info
703-225-8292

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.