Description
This recently updated two unit duplex is located in the coveted Eckington neighborhood within DC. Boasting hardwood floors and brand-new appliances, this property offers the perfect blend of old and new to be enjoyed by tenants or owner occupied. The prime location offers walking distance to top-ranked McKinley Tech High School, Howard University, and vibrant Union Market. The building comes with an already approved certificate of occupancy from DCRA and rent ready. This property offers endless possibilities as an investment or owner-occupancy. Proformas show an expected gross revenue of over $84,000 annually with an 11.8% return at a 7.1% Cap Rate, if fully rented or $70,000 annually if owner occupies the upper unit and rents the lower unit for $5,757 a month.
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0BEDS
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0.03ACRES
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0BATHS
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01/2 BATHS
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2,652SQFT
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$434$/SQFT
Description
This recently updated two unit duplex is located in the coveted Eckington neighborhood within DC. Boasting hardwood floors and brand-new appliances, this property offers the perfect blend of old and new to be enjoyed by tenants or owner occupied. The prime location offers walking distance to top-ranked McKinley Tech High School, Howard University, and vibrant Union Market. The building comes with an already approved certificate of occupancy from DCRA and rent ready. This property offers endless possibilities as an investment or owner-occupancy. Proformas show an expected gross revenue of over $84,000 annually with an 11.8% return at a 7.1% Cap Rate, if fully rented or $70,000 annually if owner occupies the upper unit and rents the lower unit for $5,757 a month.
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