For sale
  • Price cut: $175K (9/23)
    $949,999

    4920 Nash St NE, Washington, DC 20019

    --beds
    --baths
    --sqft
    : 
    Duplex
    Built in 1944
    -- sqft lot
    $942,900 Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Spacious average unit sizes
    Open to All Offers. Pro-Forma 8% Capitalization Rate! THE OPPORTUNITY: 4920 Nash Street NE presents a rare chance to acquire a four-unit apartment building in the rapidly developing Deanwood neighborhood of Washington, D.C. The property features two 3-bedroom units, two 4-bedroom units, and one current vacancy. DIVERSE UNIT MIX: With spacious average unit sizes of approximately 900 SF, the mix of three and four-bedroom apartments appeals to a wide tenant base. This diversity supports consistent occupancy, strong rental demand, and long-term income growth. SIGNIFICANT CAPITAL IMPROVEMENTS: All units, along with the building’s windows and mechanical systems, underwent full renovations in 2018. In addition, solar panels were installed within the last 5 months, providing long-term efficiency and value. PRIME LOCATION WITH EXCELLENT CONNECTIVITY: Just a six-minute walk from Deanwood Metro Station and steps from Eastern Avenue, the property offers convenient acces3s to major bus routes and commuter corridors. The new Deanwood Community Center - only a five-minute walk away - further enhances tenant lifestyle appeal and neighborhood value. BUILD EQUITY AT A DISCOUNT: With a variety of loan products available, new ownership can build equity at a discount compared to renting locally. Buyers can utilize 96.5% FHA financing to minimize cash-to-close and reduce monthly debt service. Principal and interest payments can be offset with rental income. SOLAR INCOME: The recently installed 25.83kW solar panel adds meaningful value, generating up to $9,000 annually in Solar Renewable Energy Credits (SRECs) while reducing utility expenses.
    33 days
    |
    89
    |
    7
    |
    • Loading