Description
Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $225 per day, based on similar listings in the area. Estimated short-term cap rate of 5.8%. Foreclosure auction to be held March 27th at GCAAR office: 1615 New Hampshire Ave NW, Third Floor. This is one of nine multifamily units to be auctioned separately. See Substitute Trustee’s Notice for auction terms. 4257-4261 6th Street SE is a 2-story plus finished basement level semi-detached multi-family apartment property containing a total of six 3-bedroom apartments. The building was constructed in 1961 and renovated in 2020. The 3,292 square foot building sits on a 3,289 square foot lot. The building is served by all utilities to include water, sewer, gas, electric and phone. The building is heated and cooled with package HVAC units which were all replaced in 2020 as part of the overall renovation of the property. All tenants are believed to have been approved through the District of Columbia’s Housing Authority’s Housing Choice Voucher Program. Current allowable rents is$1,893/month for 3-bedroom units. List price is tax assessment for MRIS purposes only. Actual price to be determined at foreclosure auction. See information flyer in document section.
Property Information
Airbnb Avg Daily | See Full Details |
Occupancy Rate | See Full Details |
Monthly HOA | $0 |
Rental Policy | daily |
Yearly Taxes | $2078 |
Bedrooms | 2 |
Bathrooms | 2 |
SQFT | 2,442 |
Furnished | unknown |
Year built | 1952 |
Listing Status | Off Market |
MLS | DCDC2130674 |
