2608 Cathedral Ave NW
Washington, DC 20008
Multifamily Property For Sale
·
10 Units
INVESTMENT HIGHLIGHTS
- Multi-family building located in the heart of Woodley Park
EXECUTIVE SUMMARY
Tenant occupied. Listed as 3-units+ basement studio. **3 tenants are on 12-18 month leases and 1 tenant is on a month-to-month**. 4-level building with one unit on each floor. Unit 1A (2BR/1BA ... main level) rent: $2,395/month. | Unit 1B (Studio + 1BA... walkout level) rent: $1750. | Unit 2 (1BR = 1BA second level) rent $2495. | Unit 3 ( 2 BR/1BA third level top floor) rent $2,895 + parking $105. ** Fireplaces are non-functioning**
**Multi-Family**The ultimate investment opportunity! 3-unit + basement studio multi-family building is located in the heart of Woodley Park, one of DC's most sought-after neighborhoods. Boasting a prime location just moments from the Metro, restaurants, shops, and nightlife, this property is perfect for savvy buy and hold investors looking to add a valuable asset to their portfolio. This meticulously maintained gem is a rare find, and offers a spacious and fully-occupied one 1-bedroom unit, two 2-bedroom units and one studio unit, all featuring beautiful hardwood floors and expertly crafted moldings throughout. Each unit is filled with natural sunlight and has been thoughtfully updated with both standard and stainless steel appliances and ample storage space. This property also features secured entry access, a private balcony on the upper level and 2 walk-out units providing comfort and luxury to all residents. As an investor, you'll appreciate the responsible and reliable tenants who currently occupy each unit, ensuring a steady stream of income from day one. You'll also want to take advantage of the ample opportunities for growth and increased cash flow by upgrading the kitchens and bathrooms in this property. These upgrades have great potential and offer a promising avenue for maximizing returns on investment. This property also boasts two private parking spaces, one of which is covered, ensuring your tenants have the added benefit of secure and convenient parking in a location that's perfect for commuters. Whether you're a seasoned real estate investor or just starting out, this property offers a truly unbeatable opportunity to own a prime piece of Woodley Park real estate. Don't miss your chance to add this gem to your portfolio and start reaping the rewards of smart, long-term investing today!
**Multi-Family**The ultimate investment opportunity! 3-unit + basement studio multi-family building is located in the heart of Woodley Park, one of DC's most sought-after neighborhoods. Boasting a prime location just moments from the Metro, restaurants, shops, and nightlife, this property is perfect for savvy buy and hold investors looking to add a valuable asset to their portfolio. This meticulously maintained gem is a rare find, and offers a spacious and fully-occupied one 1-bedroom unit, two 2-bedroom units and one studio unit, all featuring beautiful hardwood floors and expertly crafted moldings throughout. Each unit is filled with natural sunlight and has been thoughtfully updated with both standard and stainless steel appliances and ample storage space. This property also features secured entry access, a private balcony on the upper level and 2 walk-out units providing comfort and luxury to all residents. As an investor, you'll appreciate the responsible and reliable tenants who currently occupy each unit, ensuring a steady stream of income from day one. You'll also want to take advantage of the ample opportunities for growth and increased cash flow by upgrading the kitchens and bathrooms in this property. These upgrades have great potential and offer a promising avenue for maximizing returns on investment. This property also boasts two private parking spaces, one of which is covered, ensuring your tenants have the added benefit of secure and convenient parking in a location that's perfect for commuters. Whether you're a seasoned real estate investor or just starting out, this property offers a truly unbeatable opportunity to own a prime piece of Woodley Park real estate. Don't miss your chance to add this gem to your portfolio and start reaping the rewards of smart, long-term investing today!
PROPERTY FACTS
| Price Per Unit | £131,845 |
| Sale Type | Investment |
| Sale Condition | 1031 Exchange |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.04 AC |
| Building Size | 3,500 SF |
| Average Occupancy | 100% |
| Number of Floors | 4 |
| Year Built | 1910 |
| Zoning | RA-4 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | Avg. Rent.Mo | SF |
|---|---|---|---|
| Studios | 1 | £1,318 | - |
| 2+1 | 6 | £1,993 | - |
| 1+1 | 3 | £1,880 | - |
PROPERTY TAXES
| Parcel Number | 2107-0820 | Improvements Assessment | £746,544 |
| Land Assessment | £512,764 | Total Assessment | £1,259,308 |
