$175,000 PRICE REDUCTION! 9 Unit building for only $105,555/Unit! Calling all flippers and renovators - this is the perfect value-add deal located in the heart of Capitol Hill for just $251/sqft! Minor updating will increase rents over $100 per unit on average and larger renovations will push rents even higher. Recent updates include new HW heaters, updates to the steam boiler and recent renovations to units 2, 3, 4 and 5. The 1 bedrooms are renting for just $948/month... over $200/month below market average for a 1 bedroom in Capitol Hill. This vintage property is well located just blocks from the State Capitol Building and is the perfect flip opportunity or a long term hold that will perform at well over a 7% CAP Rate.
Listing Source: IRES - Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules. Copyright IRES. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. Updated: 25th January, 2021 12:45 AM