Prime Opportunity for 1031 Exchange and DSCR Investors - Fully Stabilized 42011;Unit Asset with Strong Program2011;Backed Income. This well2011;maintained four2011;unit building is delivered 100% occupied, with all units currently leased through the voucher program and producing a total actual gross rent of $9,257 per month. The unit mix includes two… Read More 32011;bedroom units, one 22011;bedroom unit, and one 12011;bedroom unit, offering a diversified rent roll supported by long2011;term demand in this submarket. Operational responsibilities for the owner are limited to water, trash, and common2011;area electric, allowing investors to maintain predictable expense ratios and straightforward DSCR underwriting. With program2011;backed rents already in place, the property provides immediate in2011;place cash flow and a stable income profile suitable for 1031 exchange investors seeking to preserve and reposition capital, as well as DSCR2011;focused investors prioritizing consistent rent streams. The building's existing voucher rent structure, combined with its fully occupied status, offers investors a reliable foundation for long2011;term hold strategies, future compliance modernization, or incremental operational improvements. All financial information is based on current leases and program participation; no future performance is represented or guaranteed. Read Less
Courtesy of Abel M Gebremichael, Keller Williams Capital Properties 202-243-7700
Listing Snapshot
Days Online
1
Last Updated
Property Type
Quadruplex
Square Ft.
3,360
Lot Size
0.07 Acres
Year Built
1942
MLS Number
DCDC2260526
Additional Details
Building
Built in 1942, Living area: 3360, Construction Materials: Brick
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