one property at a time.

6 unit Cash Cow Multifamily

Price
$590,000
ARV
$1,200,000
5225 Dix St NE, Washington, DC 20019, USA,

Overview

  • 8 Bedrooms
  • 6 Bathrooms
  • 4,468 ft
  • Year Built: 1953

Description

This is a huge opportunity for a 6 unit multifamily in well cared for condition. 3 units are currently vacant and ready for any updating and 3 are occupied. There are two 2/1’s and four 1/1’s. Market rent projection for 2/1’s is $1750 and 1/1 $1500 for projected $114,000 in gross rev a year. ARV is projected of a 9 cap when market caps appear much lower, resulting in an even higher ARV. This property is a fast close due to an ongoing loan issue with the owner, but the spread is there for anyone willing to jump on it.

Address: 5225 Dix St NE, Washington, DC 20019, USA
Zip: 20019
Country: United States
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Property Id : 40036
Price: $ 590,000
Property Size: 4,468 ft
Bedrooms: 8
Bathrooms: 6
ARV: $1,200,000
Property Type: Multifamily
Parking: Off street
Year Built: 1953
Lot Size: 0.13 acres

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