3205 7th St NE

Washington, DC 20017

Unique opportunity to own 4 condos that were purchased together to become this incredible 6,744 sq ft multi-family building blocks to Catholic University in Brookland! Built in 2016 the building includes 4 surface parking spaces and 4 storage rooms. Each unit has its own balcony. Excellent location: 4 block walk to Brookland-CUA Metro. 2 blocks to shopping, retail & restaurants on Monroe St.Units 1 & 2: 1,580 sq ft on three levels. 3 bedrooms, 3 full baths. Large and bright living rooms with space for dining table. Kitchens with stainless appliances, granite countertops, huge kitchen island. Hardwood floors throughout. Generous sized bedrooms and beautiful baths.Details:Unit 1, currently rented to 3 adult tenants for $3,712 per month. Lease ends July 31st. Unit 2, the 3 rooms are individually rented to 3 student tenants for $1,400/month, total $4,200/month. Lease ends Nov 30th.Units 3 & 4: 1,438 sq ft on 2 levels. 2 bedrooms, den, 2.5 baths. Large and bright living rooms with space for dining table. Kitchens with stainless appliances, granite countertops, huge kitchen island. Hardwood floors throughout. Generous sized bedrooms and beautiful baths.Details:Unit 3, currently rented to 5 student tenants for $4,250 per month. Lease ends July 31st.Unit 4, currently rented to 6 student tenants for $42,50 per month. Lease ends May 31st.Financials for 2021Income, $189,740Expenses, $58,093Cap rate, 4.4%Please note rental prices dropped during Covid. Previous rents received were up to $5,000 for Units 1 & 2 and $4,500 for Units 3 & 4.Reasonable estimate for future rentals could be $4,500 per unit. At that rate:Potential Income, $216,000Potential Expenses, $58,093Potential Cap rate, 5.3%