249 NEWCOMB STREET SE

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Address: 249 NEWCOMB STREET SE, WASHINGTON, District of Columbia, US

Washington DC + 2-4 Units

Created date: April 18, 2024

Date last updated: April 18, 2024

Property Description

Welcome to 249 Newcomb St. SE, an exceptional investment opportunity in Congress Heights. This four-unit building offers a multitude of benefits for both investors and first time home buyer. All four units are one bedroom and one bath with the potential to easily renovate to two bedroom and one bath units. Prospective investors will appreciate the solid rental history, with high occupancy rates and strong rental demand in the area. As units vacate and you upgrade to two bedroom units the rental income increase is significant. The consistently favorable cash flow and potential for future growth makes this property an enticing investment opportunity. Situated across from green space and blocks to the bustling St Elizabeth Campus. Don't miss out on this unique investment opportunity to live in one unit and collect income from three! Schedule your private showing now! Current rental rates : Unit 1 - $525, Unit 2 - $635 and Unit 4 - $525.

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Available

Key Property Information

Listing Status:	Available
Listing Type:	Call for offers
Property Types:	2-4 Units
Price:	$599,000
No. of Units:	4
Year Built:	1943
Lot Size:	3,480.00 Sq ft
Opportunity Zone:	No
Price per unit:	$149,750
Property Website	Click Here
Number of Bedrooms:	0
Number of Bathrooms:	0

Address: 249 NEWCOMB STREET SE, WASHINGTON, DC 20032, USA

Provided by:

Standard Status: Active

MLS Listing Number: DCDC2121250

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