1254 MEIGS PL NE
Washington, DC 20002

Description:

1254 Meigs Place NE FOUR-UNIT TURNKEY BUILDING – DELIVERED VACANT – THE OPPORTUNITY: 1254 Meigs Place NE is a beautifully renovated four-unit apartment building located in the vibrant Trinidad neighborhood of Northeast Washington, D.C. The property features three-bedroom units with brand-new finishes and appliances, and will be delivered 100% vacant, allowing for an easy transaction and total leasing flexibility. This is an exceptional opportunity for both live-in buyers and savvy investors looking to own in one of D.C.’s most promising up-and-coming areas. TURNKEY ASSET: With no deferred maintenance and all major systems updated, new ownership will benefit from minimal capital expenditures for years to come. TOPA-EXEMPT & DELIVERED VACANT: Because the property is being delivered vacant, it is exempt from D.C.’s TOPA process, allowing for a quick and streamlined closing. New ownership can screen and select their own tenants, maximizing rental income from day one. RENT CONTROL EXEMPT: With fewer than five units, 1254 Meigs Place NE is exempt from D.C.’s rent control regulations, providing greater flexibility in setting market-based rents and ensuring efficient property management. LIVE FREE OR CASH FLOW: Whether you’re looking to live in one unit and rent out the others or lease all four for maximum income, this property offers unmatched versatility. A live-in buyer can build equity while significantly reducing their housing costs. Investors can generate immediate returns in a neighborhood with strong rental demand. This will be one of the few fully renovated, vacant, three-bedroom, four-unit buildings available.