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5024 H St Se WASHINGTON Washington, DC 20019

For Sale
$300,000

Five-unit property with updated interiors and potential for expansion.

Lot size:
0.16 Acres

Property Features for 5024 H St Se WASHINGTON

General Information

Standard status
Active
Lot size
0.16 Acres

Building Details

Year built
1944

Source: ALEX COOPER AUCTIONEERS, INC. Agent MATTHEW S COOPER

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Multifamily Property with Solar Panels

This multifamily property features a unit mix of four 2BR/1BA units and one 1BR/1BA unit. Currently, 2 of the five units are occupied. The current gross monthly rent is $3,270, with a current gross annual scheduled rent of $39,240. The potential gross monthly rent is $8,541, leading to a potential gross annual rent of $102,492. Unit 2 (1 bed / 1 bath) is rented for $1,513/month, and Unit 3 (2 bed / 1 bath) is rented for $1,757/month; both are voucher tenants. Units 1, 4, and 5 (all 2 bed / 1 bath) are vacant. Each unit includes updated kitchens, bathrooms, modern appliances, and flooring. Individual HVAC systems and water heaters are installed in each unit. Each unit has its own electric meter. The property is equipped with rooftop solar panels, and the new owner will be required to purchase electricity through the existing solar power provider. The current owners have benefited from electricity rates below market average since the installation. The building also includes a large, unfinished utility room adjacent to the basement unit (Unit 5), offering potential for expansion. The property sits on a 6,758+/- SF lot, which may allow for further development or structural expansion under R-2 zoning.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Apartment buildings

Map

City
Washington
County
District of Columbia
State
DC
Longitude
-76.930507
Latitude
38.8787732

FAQs

What type of property is this?
Apartment building - Five-unit property with updated interiors and potential for expansion.
Where is this apartment building located?
The property is located at 5024 H St Se WASHINGTON Washington, DC.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: - High potential gross annual rent of $102,492.; - Unit mix of four 2BR/1BA units and one 1BR/1BA unit.; - **Updated kitchens, bathrooms, modern appliances, and flooring in each unit.**
More about this property
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