1944 3rd Street

Washington, DC 20002

INVESTOR ALERT! 4-Unit Apartment Building with largest lot on the block which allows for more units. Highlights include:* Located in Eckington* Large lot with over 7,000 square feet* Surrounded by new condo developments* Next door converted units have sold for up to $675,000 / unit* Building is currently exempt from rent control* Approved HCVP rents are $5K plus / month for four bedroom units and $2.8k plus / month for two bedroom units with utilities* Building is comprised of two 3 bedrooms and den units and two 1 bedroom and den units where dens can potentially be converted to additional bedroom* Building can be delivered vacant* Large floor plan with large bedrooms* Basement with storage space* Building is semi-detached* Space in rear provides off street parking* Gas / Electrical / Hot Water separated in each unit* Low operating expenses* Upgraded Electrical w/ heavy up and circuit breakers* Upgraded plumbing* On site laundry facility in basement* Walking distance to Metro / Bus transportation* Situated between major developments (Eckington Yards and Bryant Place)* Potential double digit cap rates if maintained as rental property* You can't go wrong whether you convert to condos or maintain as rental propertyDon't lose out on the best deal around!Proof of funding to close required.