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**Attention Investors!** This is a fantastic opportunity to acquire a 5-plex in the Petworth community with significant potential for value addition. There is an opportunity to increase rents through the voucher program. Currently, the units are rented through a group rental arrangement, with the exception of one long-term voucher tenant, generating a total monthly gross rental income of $8,084. The rent reasonableness program offers $2,449 for a 2-bedroom unit in the zipcode, which could elevate the building's pro forma rent to $12,245 per month.
| DAYS ON MARKET | 3 | LAST UPDATED | 1/3/2025 |
|---|---|---|---|
| YEAR BUILT | 1936 | COUNTY | WASHINGTON |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| CONSTRUCTION | Brick |
|---|---|
| HEAT | Hot Water, Natural Gas |
| LOT | 2614 sq ft |
| PARKING | On Street |
| SEWER | Public Sewer |
| TAXES | 9266 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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