1729 Trinidad Ave Ne, Washington, DC 20002

Property Description

Make up to 1,000,000.00 MILLION dollars * INVESTMENT OPORTUNITY* !!! New architectural drawings available. Future development potential*: • 4 unit condominium each unit 3 bed, 2.5 bath: Total SF: 8133 SF ○ Unit A: 1860 SF @ 360 $/SF= 669,600.00 ○ Unit B: 1869 SF @ 360 $/SF= 672,840.00 ○ Unit C: 1980 SF @ 410 $/SF= 811,800.00 ○ Unit D: 1994 SF @ 410 $/SF= 817,540.00 ○ Common Area: 431 SF • Total Gross proceeds: 2,971,780.00 ○ Less initial investment @ 849,000.00 ○ Less carrying cost, construction cost, interest, ect @ 900,000.00 • Total potential net PROFIT*: 1,222,780 Current status of the building : • 4 units , FULLY occupied, all of them 1 bed +1 bath+ den • Total building Size 3244 SF** • Currently rented @: ○ Apt 1: 1375,- + utilities, landlord pays trash/water/sewer ○ Apt 2: 1400,- + utilities, landlord pays trash/water/sewer ○ Apt 3: 1400,- + utilities, landlord pays trash/water/sewer ○ Apt 4 1425,- + utilities, landlord pays trash/water/sewer • Annual Gross income: 66,900,- • Expenses (estimated) : water, sewer, taxes, insurance, ect : 15369,- • NOI (net operating income) : 51,531 • Current Cap rate: 4.6% STRICTLY SOLD AS IS ! *Not a financial advice, actual results might differ. **According to tax records *** pictures and plans for informational purposes only and might not present actual condition.