93 HAWAII AVENUE NE, WASHINGTON, DC 20011
93 HAWAII AVE NE
$990,000
3,840 Sq.Ft.
1941 BUILT
0.13 Acres LOT
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.

Area & Lot

Status
Sold
Living Space
3,840 Sq.Ft.
Lot Size
0.13 Acres
MLS® ID
DCDC482368
Type
Multi-Family
Year Built
1941
Architecture Styles
Federal
School District
DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Interior

Flooring
Tile/Brick, Wood

Exterior

Stories
2
Water Source
Public
Heat Type
Radiator
Air Conditioning
Window Unit(s)
Sewer
Public Sewer
Substructure
Brick

Financial

Sales Price
$990,000
Zoning
RA

Property Images

""
WATCH VIDEO

Work With Us

With a team of 11 full-time real estate agents and an in-house marketing team, you’ll have unparalleled support in every aspect of your real estate transaction.