Four-unit Property located on Capitol Hill just two blocks away from the bars, shops, and restaurants on the H Street Corridor. Located in an area of rampant redevelopment, new ownership will reap the benefits of future and existing developments immediately located in this area. This Property boasts spacious floor plans and a favorable unit mix of three three-bedroom units and one two-bedroom unit.
TURNKEY ASSET: The Property has undergone recent renovations that will reduce future repairs and maintenance costs as well as limit the need for additional capital improvements by new ownership. The recent renovation’s scope included significant interior and systems upgrades; major expenses that do not have to be budgeted upon acquisition.
NEARBY NEW DEVELOPMENTS: 1226 F Street NE is encircled by three of D.C.’s most notable neighborhood revitalization (Benning Road, RFK Stadium, and the H Street Corridor) and nearby to the long-planned Hechinger Mall redevelopment. With billions of dollars flowing into the redeveloping neighborhood, the Property is poised for significant future growth as the local infrastructure continues
to deliver.
SELF-CONTAINED UNITS: Each unit is individually-metered for electricity and has individual heating and cooling systems (HVAC). Separately metered utilities greatly limit ownership’s expense exposure, as the cost is solely on the tenant (except for water/sewage).
GET PAID TO BUILD EQUITY: With as little as 5% down on a $1,800,000 loan amortized over 30 years at a 5% interest rate, new ownership can expect a monthly payment of approximately $10,021, taxes included. With in-place rents averaging $3,520 per unit, new ownership can live in one of the units while still generating $1,600 of income per month. A fantastic opportunity for anyone looking to live rent free with the benefit of additional income after mortgage payments.