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About This Home
This 0-bedroom, 0-bathroom residential multi family at 2916 8TH Street NE in WASHINGTON, DC is listed for $900,000 ($273 per sqft). Built in 1941, the home offers 3,296 sqft of living space on a 0.09 acres lot.
This is a 4-unit apartment building located in the Brookland neighborhood of Washington, D.C. All four units were renovated approximately four years ago and are configured to function as 3-bedroom, 1-bath layouts. The property can be delivered up to 75% vacant at closing, allowing an investor to immediately lease the three vacant units while maintaining the existing in-place tenant.
At stabilization, projected rents are approximately $12,128 per month. Expenses are efficiently managed at roughly 10% of gross income (financials available for verification). For an FHA buyer, there is an opportunity to occupy one unit while leasing out the remaining units, including the current tenant, generating approximately $8,537 per month in rental income. Showings are available by appointment.
Key Features
- Built in 1941
- 0.09 acre lot
- 2 parking spaces
Property Details
Monthly Cost Estimate
$4,813/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
2916 8TH Street NE
WASHINGTON, DC 20017
Property Details
Construction
Parking
Questions & Answers
This 0-bedroom, 0-bathroom residential multi family at 2916 8TH Street NE is listed at $900,000 ($273/sqft). The estimated monthly payment is $3,900 based on 20% down at 6.5% interest.
Key features include: Built in 1941, 0.09 acre lot, 2 parking spaces.
This property is listed by So Tayebi and can be reached at 5715946262 or so.tayebi.cre@gmail.com.
