Details

Property Type: Multi-Residential
Cap Rate: 4.0% Pro-Forma Cap Rate: 5.568%
NOI: $38,173 Pro-Forma NOI: $53,173

Marketing Description

Amazing Investment Opportunity! Income producing property. There are two levels and a lower level to the home. The second level has the master bedroom ensuite with a new bathroom and custom shower, plus double sink vanities, custom closet assembly, an additional second closet, and a private balcony. There are two adjacent bedrooms and a new bathroom. The first level is where we have the kitchen. It has luxury furnishings including stainless steel appliances, wooden floors, and granite countertops. The kitchen features electric cooking and plenty of storage cabinets and large pantries. There's a large living room/family room and dining room (hardwood floors), with access to the deck. A half bath is also available for guests. The laundry also has a washer and dryer set with more storage space. The lower level is the rec room with a fireplace and a beautiful new bathroom.

The neighborhood is great--quiet--and the neighbors are very friendly. We are 5 minutes away and centrally located allowing access to 495, 395, and 95 interstates. Metro is here within walking distance, Unbelievable location inside the beltway, close to interstates, shopping, restaurants & public trans (Metro). making commuting to D.C. more convenient.

Investment Highlights

Tenant Paid Heat; HVAC

Tenant Paid Hot Water

Tenant Paid Central Air Conditioning

Tenant Paid Water and Sewer

Tenant Paid Electric