Rarely available 4 unit in well managed condition in upper NW, DC that is AT OR BELOW REPLACEMENT COST. RENT CONTROL EXEMPT (conveys w/ RAD Exemption) and for buyers who qualify in Washington, DC, this property would remain exempt. BUYER CAN OCCUPY A UNIT IMMEDIATELY AND BENEFIT FROM HAVING RENT FROM THE OTHER 3 OCCUPIED UNITS, or rent all 4.
Solid brick on block construction and easy to self-manage. ALL UNITS SEPARATELY METERED FOR GAS AAND ELECTRIC. Each has its own furnace, hot water heater and washer/dryer in unit. 2 blocks from Whole Foods, Starbucks and the Parks at Walter Reed. Walking distance to Takoma Park Metro and easy access to downtown Silver Spring, Petworth, and Columbia Heights.
Easy to rent, just off 16th Street NW. Neighborhood is quiet and convenient and adjacent to Rock Creek Park. All Four units are 2BR, 1Bath configurations n have been updated circa 2006, all have hardwood floors, w/ updated kitchens that features hardwood cabinets, a ceramic tile floor, and updated kitchen appliances.
Each apartment has a rear entrance that opens onto an off-street parking area that is available for use by building residents only for addl income. Each apt has its own forced air, central AC/heat, and intercom system. Water and sewage fees and trash collection are included in the rental fee.
But these fees could be recuperated in new leases. BLDG HAS UP TO 8 STACKED PARKING SPACES IN REAR OF BLDG OFF STREET THAT PROVICES ADDITIIONAL INCOME and there is also has ample well-lit street parking. The apartment is cable/high-speed internet (multiple suppliers), minimal capital expenditures, and strong upside potential.
Roof is solid condition. This property is ideal for an owner-occupant looking to have rental income service their loan or investors seeking immediate cash flow and long-term value in a vibrant area. EACH UNIT CONTAINS OWN HVAC, AND 3 OUT OF THE 4 UNITS HAVE BEEN REPLACED IN 2025-2026.
Short work to Rock Creek Park, The Parks at Walter Reed, Whole Foods, Starbucks, restaurants, and from Fort Stevens Park with playgrounds, tennis courts, basketball courts, and a recreation center. Multiple bus lines directly in front of bldg. DO NOT enter the bldg without express written authorization from listing broker. Contact listing broker, who owns property, for income, expenses and other evaluation materials.
