3002 11TH STREET NW, Washington, District of Columbia County, DC, 20001 Washington DC US

Amazing 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. 7 bedrooms in total brings in $7,825 per month of gross income (over $93k annual). With $166k invested in updates and maintenance between 2018 and 2022, 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. Top-floor 2-bedroom unit is currently rented for $2385/mo, middle-floor 3-bedroom unit is currently rented for $3045/mo, the lower-level 2-bedroom is currently rented for $2195/mo, and the parking space is currently rented for $200/mo. 6.48% Cap Rate off GOI and 5.7% Cap Rate off NOI (GOI less taxes and insurance). Find out more about this property. Request details here