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272 56Th St Washington, DC 20019

For Sale
$690,000

Six-unit brick building, turnkey investment opportunity.

Property size:
4,032 SF

Description

Added:
Feb 3, 2025
Days on Market:
315
This exceptional turnkey investment opportunity presents a well-maintained, six-unit multifamily building situated in the desirable Deanwood neighborhood of Washington, D.C. The property boasts a total of 4,032 square feet on a 0.08-acre lot. The building is constructed of brick and features six one-bedroom, one-bathroom units. Two units have recently undergone complete renovations, including new kitchens, bathrooms, and washer/dryer hookups, and are currently vacant. The remaining four units are occupied by long-term tenants, generating consistent rental income reflective of current market rates. Each unit is equipped with individual gas and electric meters, ensuring efficient utility management. Heating and cooling are provided by individual gas furnaces and central air conditioning systems. Each unit also benefits from a dedicated 40 or 50-gallon gas water heater. The property offers significant potential for both new and experienced investors seeking a relatively low-maintenance, high-cash-flow investment. The vacant units are readily available for viewing by appointment, allowing prospective buyers to assess the property's condition firsthand. This property presents a unique opportunity to either live in one unit while renting the others or maximize rental income by leasing all six units. The asking price for this attractive investment is $690,000.

Property Features for 272 56Th St

General Information

Property type
Residential income properties
Square Feet
4,032 SF
Lot Size
3,485 SF

Building Details

Year Built
1953

Property Profile Insight Report Location Intelligence

Current Use by Public Records

Multifamily properties

Map

City
Washington
County
District Of Columbia
State
District of Columbia
Longitude
-76.92139
Latitude
38.89301

FAQs

What type of property is this?
Residential income property - Six-unit brick building, turnkey investment opportunity.
Where is this residential income property located?
The property is located at 272 56Th St Washington, DC.
What is the asking price?
The asking price for this property is $690,000.
More about this property
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