Triplex in NE DC (Brookland) in Good Condition for only $499,900! $300K Below Comps! Rents over $6K/month!
1921 Rhode Island Ave NE Washington DC 20018
| The Numbers | |
| Sale Price: | $499,900 |
| Needed Upgrades: | $160,000 |
| After Repair Value: | $800,000 |
| Spread: | $300,000 |
| Description of Home | |
| Type: | Multifamily |
| Bedrooms: | 5 |
| Bathrooms: | 3 |
| Levels: | 3 |
| Parking: | Driveway |
| Square Feet Total: | 1987+786 |
| Lot Size(Acres): | .08 acres |
| Sale Comps | |
| 2221 Kearny St NE (3 units) - Sold - $800,000 | |
| 3137 18th St NE (3 units) - Active - $1,150,000 | |
| Rent Comps | |
| 1337 Kearny St NE (2br) - Rented - $2,200 | |
| 3200 22nd St NE #101 (1br) - Rented - $1,900 | |
| 1818 Rhode Island Ave NE #4 (1br) - Rented - $1,650 |
Additional Information
INVESTOR ALERT!! This 3 unit home in the Brookland section of NE DC. 2 units are 2br 1ba and one is a 1br unit. It has off street parking in the back. All of the units are currently vacant. The property is in good enough condition to rent out the way it is now, just outdated. Updated, the 2br units could fetch $2,200/month and 1br $1700/month, totalling more than $6,000/month, making it a good cash flow opportunity. This home is priced WAY below anything in the area, so hurry to take advantage of this rare opportunity!! NOTE: This property is listed as 'under contract' in MLS, but the Sentrilock has been removed from the home. Please do not contact the listing agent to see the home (they are aware we are re-marketing the home). We are the purchasers looking to resell the property right after we close on it to buy it (separate transaction). If you are an agent, you will still be paid a 3% commission if you bring a buyer (wholesalers will, also). Please email us to be notified of the designated showing time for this home.
Disclosures
All information, including figures, are provided in good faith, but are not guaranteed to be accurate. Buyers should conduct their own due diligence. We are not agents and this is not a pocket listing. We are under contract with the title holder and considered principals in the transaction. Anyone attempting to contact the title holder will be viewed as intentional interference with a contract and legal action may be brought against you. Additionally, you will be permanently removed from our mailing list and the mailing list of other major wholesalers in the area.