4 bedroom house for sale

Overview

The fourplex consists of four, nearly identical, one bedroom one bathroom units with spacious 900 square foot floor plates consisting of living room, dining room, kitchen, bathroom, bedroom, and laundry room

2615 P Street represents one of Midtown's most premier multifamily offerings in the GRID, with stable cash flow and additional value-add opportunity through ADU (Accessory Dwelling Unit) development on the back half of the 0.15 acre parcel. The Property is being offered for sale at $1, 500, 000.00, reflective of a 4.87% capitalization rate on actual income and operating expenses, with reassessed property taxes. The fourplex consists of four, nearly identical, one bedroom one bathroom units with spacious 900 square foot floor plates consisting of living room, dining room, kitchen, bathroom, bedroom, and laundry room. The Property has had several tasteful renovations made to modernize the residents living experience while retaining the craftsman charm of this 1924 build. All units boast an in-unit washer and dryer, updated kitchen and bathroom, mini split HVAC system, hardwood floors, impressive natural light, and an extremely stable rental history. The Property's location, quality of rental units, and ideal unit mix, generate impressive rental demand and cash flow, making this a very desirable opportunity for an investor or owner occupant. Please contact listing agent with further questions or for underwriting.