13% CAP RATE AT LIST PRICE BASED ON MAX HOUSING VOUCHER RENT OF $1504/UNIT/MONTH! 10-MINUTE WALK TO METRO! Brick federal 8-unit (all 1BR) with hardwood floors, lots of light, and great Brookland location (10-minute walk to Ft. Totten Metro!). Each unit ready for a simple rehab or upgrade, or do a larger rehab of the whole building to add up to 1198 extra above ground square feet, and rearrange lower level to add a 9th unit down there too. ENORMOUS FINANCIAL OPPORTUNITY ABOUNDS WITH THIS PROPERTY! Cap Rate calculated as $144,384 max income based on $1504/unit/month with housing vouchers, if desired), minus $7200 water, $9600 electric/gas, $8796 taxes. Improvement cost and management not included.
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