Description
Open to All Offers. PRO-FORMA 8% CAP RATE. TWO 3-BEDROOM & TWO 4-BEDROOM UNITS.THE OPPORTUNITY: 4920 Nash Street NE presents a rare chance to acquire a four-unit apartment building in the rapidly developing Deanwood neighborhood of Washington, D.C. The property features two 3-bedroom units, two 4-bedroom units, and one current vacancy. DIVERSE UNIT MIX: With spacious average unit sizes of approximately 900 SF, the mix of three and four-bedroom apartments appeals to a wide tenant base. This diversity supports consistent occupancy, strong rental demand, and long-term income growth. SIGNIFICANT CAPITAL IMPROVEMENTS: All units, along with the buildings windows and mechanical systems, underwent full renovations in 2018. In addition, solar panels were installed within the last 5 months, providing long-term efficiency and value. PRIME LOCATION WITH EXCELLENT CONNECTIVITY: Just a six-minute walk from Deanwood Metro Station and steps from Eastern Avenue, the property offers convenient acces3s to major bus routes and commuter corridors. The new Deanwood Community Center - only a five-minute walk away - further enhances tenant lifestyle appeal and neighborhood value. BUILD EQUITY AT A DISCOUNT: With a variety of loan products available, new ownership can build equity at a discount compared to renting locally. Buyers can utilize 96.5% FHA financing to minimize cash-to-close and reduce monthly debt service. Principal and interest payments can be offset with rental income. SOLAR INCOME: The recently installed 25.83kW solar panel adds meaningful value, generating up to $9,000 annually in Solar Renewable Energy Credits (SRECs) while reducing utility expenses.
Description
Open to All Offers. PRO-FORMA 8% CAP RATE. TWO 3-BEDROOM & TWO 4-BEDROOM UNITS.THE OPPORTUNITY: 4920 Nash Street NE presents a rare chance to acquire a four-unit apartment building in the rapidly developing Deanwood neighborhood of Washington, D.C. The property features two 3-bedroom units, two 4-bedroom units, and one current vacancy. DIVERSE UNIT MIX: With spacious average unit sizes of approximately 900 SF, the mix of three and four-bedroom apartments appeals to a wide tenant base. This diversity supports consistent occupancy, strong rental demand, and long-term income growth. SIGNIFICANT CAPITAL IMPROVEMENTS: All units, along with the buildings windows and mechanical systems, underwent full renovations in 2018. In addition, solar panels were installed within the last 5 months, providing long-term efficiency and value. PRIME LOCATION WITH EXCELLENT CONNECTIVITY: Just a six-minute walk from Deanwood Metro Station and steps from Eastern Avenue, the property offers convenient acces3s to major bus routes and commuter corridors. The new Deanwood Community Center - only a five-minute walk away - further enhances tenant lifestyle appeal and neighborhood value. BUILD EQUITY AT A DISCOUNT: With a variety of loan products available, new ownership can build equity at a discount compared to renting locally. Buyers can utilize 96.5% FHA financing to minimize cash-to-close and reduce monthly debt service. Principal and interest payments can be offset with rental income. SOLAR INCOME: The recently installed 25.83kW solar panel adds meaningful value, generating up to $9,000 annually in Solar Renewable Energy Credits (SRECs) while reducing utility expenses.
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