4801 3rd St NW - Apartments FOR SALE


Washington, DC 20011- Petworth
$999,900 USD
4801 3rd St NW, Washington, DC for Sale
$999,900 USD
Apartments - FOR SALE
1/5
null | 5.91% Cap Rate

4801 3rd St NW
Washington, DC 20011
Petworth


HIGHLIGHTS

  • The rent reasonableness program offers $2,449 for a 2-BD & $3526 for a 3-BED in the zip code, which could elevate the building's pro-forma $15,476

OVERVIEW

**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, with the exception of one long-term voucher tenant, generating a total monthly gross rental income of $8,084. The rent reasonableness program offers $2,449 for a 2-bedroom unit in the zipcode, which could elevate the building's pro forma rent to $12,245 per month. Group showing 01/25/2025 12-1PM , Email abel@coalitionpg.com to register

FOR SALE DETAILS

PRICE

$999,900 USD

PRICE/SF

$237 USD /SF

# OF UNITS

5

PRICE/UNIT

$199,980

CAP RATE

5.91%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1936

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,917 SF

ZONING

RA-1

APN/PARCEL ID

3323-0021

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