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Fantastic investment opportunity in Hillcrest! This well-maintained 6-unit building is comprised of six 2-bedroom and 1-bath units. Take advantage of the rising rental prices at a steep discount as the building is priced $100,000 below a recent appraisal. At a current capitalization rate of 8.12%, this is a great short-term investment. With the development and corresponding rent increases in Hillcrest and surrounding areas of SE DC, there are tremendous long-term benefits to owning this building as well. All units are currently occupied and TOPA notices have been filed. With several upgrades in the last 3 years including an electrical upgrade, HVAC upgrade and a completely renovated 6th unit, this is an ideal opportunity for an investor looking for a turnkey investment. To protect the privacy and reduce anxiety of the tenants, all showings will be scheduled after a Letter of Intent and/or Offer of Sale has been reviewed by the sellers.

Property Details of 2801 R Street Se

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Copyright 2023 BRIGHT, All Rights Reserved.  Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Compass | The Deevy Group participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Data last updated February 4, 2023. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.

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