Description
OPPORTUNITY TO LIVE IN ONE UNIT and generate income from two additional leased units! The top floor tenants will vacate at the end end of December. PRICE REDUCED! Investment opportunity in a phenomenal location with a 96 Walk Score. This 3-unit building is situated on a large corner lot in the thriving 11th Street Corridor of Columbia Heights. 3002 11th Street offers a well-established rental history and low costs with utilities paid for by the tenants. With $166k invested in updates and maintenance between 2018 and 2023, this investment opportunity lives well and has had continual cash flow through the entirety of ownership (including during COVID). The current owner invested money so you don't have to. Plug and play cash flow. The units are all currently fully tenanted and professionally managed, but can be a great play for the savvy investor. The top-floor 2-bedroom unit is currently rented for $2395/mo, the middle-floor 3-bedroom unit is currently rented for $3245/mo, the lower-level 2-bedroom is currently rented for $1885/mo, and the parking space is currently rented for $200/mo.
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0BEDS
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0.06ACRES
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0BATHS
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01/2 BATHS
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2,708SQFT
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$469$/SQFT
Description
OPPORTUNITY TO LIVE IN ONE UNIT and generate income from two additional leased units! The top floor tenants will vacate at the end end of December. PRICE REDUCED! Investment opportunity in a phenomenal location with a 96 Walk Score. This 3-unit building is situated on a large corner lot in the thriving 11th Street Corridor of Columbia Heights. 3002 11th Street offers a well-established rental history and low costs with utilities paid for by the tenants. With $166k invested in updates and maintenance between 2018 and 2023, this investment opportunity lives well and has had continual cash flow through the entirety of ownership (including during COVID). The current owner invested money so you don't have to. Plug and play cash flow. The units are all currently fully tenanted and professionally managed, but can be a great play for the savvy investor. The top-floor 2-bedroom unit is currently rented for $2395/mo, the middle-floor 3-bedroom unit is currently rented for $3245/mo, the lower-level 2-bedroom is currently rented for $1885/mo, and the parking space is currently rented for $200/mo.
©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Pearson Smith Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-12-01T09:54:09.747.