1944 3rd St NE, Washington, DC 20002

INVESTOR ALERT! 4-Unit Apartment Building with largest lot on the block which allows for more units. Highlights include: * Located in Eckington * Large lot with over 7,000 square feet * Surrounded by new condo developments * Next door converted units have sold for up to $675,000 / unit * Building is currently exempt from rent control * Approved HCVP rents are $5K plus / month for four bedroom units and $2.8k plus / month for two bedroom units with utilities * Building is comprised of two 3 bedrooms and den units and two 1 bedroom and den units where dens can potentially be converted to additional bedroom * Building can be delivered vacant * Large floor plan with large bedrooms * Basement with storage space * Building is semi-detached * Space in rear provides off street parking * Gas / Electrical / Hot Water separated in each unit * Low operating expenses * Upgraded Electrical w/ heavy up and circuit breakers * Upgraded plumbing * On site laundry facility in basement * Walking distance to Metro / Bus transportation * Situated between major developments (Eckington Yards and Bryant Place) * Potential double digit cap rates if maintained as rental property * You can't go wrong whether you convert to condos or maintain as rental property Don't lose out on the best deal around! Proof of funding to close required.