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Discover an exceptional value-add opportunity with this 6-unit multifamily property in Randle Heights/Garfield Heights. Boasting a mix of occupied and vacant units, Each unit features 3 bed 1 bath apartments. this asset offers immediate income generation with the potential to increase rents through a voucher program well over $2300 per unit. With a current gross monthly rent of $6,109 and two vacant units ready for leasing, investors have the flexibility to optimize cash flow. Monthly operating expenses remain low, enhancing the property's overall return potential. Conveniently located near public transportation, major commuter routes, and key amenities, this property is ideal for investors looking for a 1031 Exchange or looking to expand their portfolio. Don't miss this chance to secure a high-performing asset in a thriving rental market! Contact us today for financials and to schedule a showing.
| DAYS ON MARKET | 1 | LAST UPDATED | 2/28/2025 |
|---|---|---|---|
| YEAR BUILT | 1944 | COUNTY | WASHINGTON |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| School District | DISTRICT OF COLUMBIA PUBLIC SCHOOLS |
|---|
| ADDITIONAL DETAILS | |
| AIR | Geothermal, None |
|---|---|
| AIR CONDITIONING | Yes |
| CONSTRUCTION | Brick |
| HEAT | Geothermal, Radiant |
| LOT | 7841 sq ft |
| PARKING | On Street |
| SEWER | Public Sewer |
| TAXES | 6599 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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