Search Homes

2801 R Street SEWashington, DC 20020Price: $1,150,000

  • Price: $1,150,000
  • 47 Days on Market
$
$
%
$/month over payments
Federal 30-year interest rate: 6.29% last updated on Sep 22, 2022
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $1,150,000List Price
  • 0.06Acreage
  • 1941Year Built

Listing Tools

Listed by Cornelius R Henderson of RE/MAX Allegiance
Fantastic investment opportunity in Hillcrest! This well-maintained 6-unit building is comprised of six 2-bedroom and 1-bath units. Take advantage of the rising rental prices at a steep discount as the building is priced $100,000 below a recent appraisal. At a current capitalization rate of 8.12%, this is a great short-term investment. With the development and corresponding rent increases in Hillcrest and surrounding areas of SE DC, there are tremendous long-term benefits to owning this building as well. All units are currently occupied and TOPA notices have been filed. With several upgrades in the last 3 years including an electrical upgrade, HVAC upgrade and a completely renovated 6th unit, this is an ideal opportunity for an investor looking for a turnkey investment. To protect the privacy and reduce anxiety of the tenants, all showings will be scheduled after a Letter of Intent and/or Offer of Sale has been reviewed by the sellers.

Property Details of 2801 R Street SE

Property Details

Exterior Features

Utilities and Appliances

Map Location

Driving Directions

Copyright 2022 BRIGHT, All Rights Reserved.  Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which The Bowers Group | Compass participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Data last updated September 25, 2022. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.

Hi there! How can we help you?

Contact us using the form below or give us a call.

Send Us A Message:

Do not fill in this field:

Hi there! How can we help you?

Contact us using the form below or give us a call.

Send Us A Message:

Do not fill in this field:

Hi there! How can we help you?

Contact us using the form below or give us a call.

Send Us A Message:

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

$

Do not fill in this field: