323 54TH ST NE
Washington, DC 20019

Description:

Price Improvement ... from $429,000 to $419,000... just for you!!! You can also search for information on the redevelopment of the Richardson Dwellings ... maybe try DC New Communities GREAT INVESTMENT OPPORTUNITY — FULLY Available TRIPLEX WITH 3 UPDATED UNITS! Seller is willing to assist with some of Buyer’s closing costs or offer concessions. Please inquire for additional details. Fully available and vacant — no TOPA needed! This TRIPLEX presents an excellent opportunity for an investor, owner-occupant, or buyer looking to maximize rental potential. The property features three upgraded, good-sized one-bedroom units, each of which previously rented for approximately $1,350 per month. All three units are now fully vacant and available, giving the new owner the flexibility to select their own tenants, establish new leases, or live in one unit while renting the other two. Based on the previous rental rate, the property has demonstrated potential for approximately $4,050 per month in gross rental income when fully leased. Each unit has been updated and is in really good condition, making this a great opportunity to put the property to work with minimal initial hassle. The property also offers a large rear yard with potential for off-street parking and outdoor entertaining space. Each unit has rear access, providing convenient access to the outdoor area. The location is another major advantage, with several schools in the surrounding area and the property situated just minutes from the Capitol Heights Metro Station, providing convenient access to transportation and the greater DC area. Future neighborhood development includes DC Housing Authority redevelopment of the neighboring Richardson Dwellings, which is expected to include condos/townhomes. Buyers are encouraged to visit the DC Housing Authority’s website and conduct their own due diligence for the most current and specific information regarding the proposed redevelopment. Property Highlights: * Triplex with 3 one-bedroom units * All units currently vacant * No TOPA needed * Previously rented for approximately $1,350 per unit * Potential gross rental income of approximately $4,050/month at previous rental rates * All three units updated and in good condition * Live in one unit and rent the other two, or rent all three * Large rear yard * Potential for off-street parking * Outdoor entertaining potential * Rear access for each unit * Minutes from Capitol Heights Metro Station * Seller willing to assist with closing costs or concessions * Nearby proposed redevelopment may create additional neighborhood investment and housing Whether you're an investor looking for your next income-producing property or an owner-occupant seeking rental income to offset your housing costs, this versatile triplex is worth a look!