Description
It can be purchased as a package deal along with 3 other units in the same building (B02, 305 & 409)-all will be fully leased to Voucher tenants. With 100% occupancy and individual metering, this is an ideal cash-flow investment. Located in a rapidly developing neighborhood with ongoing construction, your investment is positions for future appreciation. Current rent $3,350/month which is $40,200/year. Taxes have not been assessed by DC yet. We are projecting between a 7%-8% cap rate.
Description
It can be purchased as a package deal along with 3 other units in the same building (B02, 305 & 409)-all will be fully leased to Voucher tenants. With 100% occupancy and individual metering, this is an ideal cash-flow investment. Located in a rapidly developing neighborhood with ongoing construction, your investment is positions for future appreciation. Current rent $3,350/month which is $40,200/year. Taxes have not been assessed by DC yet. We are projecting between a 7%-8% cap rate.
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