For Sale: 815 Malcolm X Avenue SE - Prime 4-Unit Investment Opportunity Property Overview: 815 Malcolm X Avenue SE is a well-positioned four-unit multifamily building, offering an excellent investment opportunity in a rapidly developing area. The property is adjacent to the new District Towns at Saint Elizabeth's East, bringing added… Read More value and growth potential. Unit Breakdown: Each unit: 2 bedrooms, 1 bathroom Two vacant units (Unit #2 & Unit #3): Unit #2 - Recently upgraded with new appliances, new carpet, new countertops, and fresh paint Unit #3 - New carpet, well-maintained, and exclusive access to the expansive rear deck Two occupied units (Unit #1 & Unit #4): Unit #1 - Rented at $1,166/month Unit #4 - Rented at $1,202/month Total current rent: $2,366/month (below market, rent increases possible through DC Housing Authority) Market Potential: Similar 2-bedroom units rent for $1,300-$1,450/month in the area Potential to increase total gross rent significantly by leasing vacant units at market rates and adjusting occupied unit rents Additional Features: 2714; Three-car parking pad in the rear 2714; Large, well-maintained rear deck for tenant enjoyment 2714; Owner pays water; tenants cover electric & gas Investment Highlights: 1f4c8; Growth potential with increasing rents and the booming Saint Elizabeth's East redevelopment 1f4b0; Strong rental demand for 2-bedroom units in this location 1f697; Private parking, a valuable amenity in DC 1f333; Outdoor space enhances property appeal Perfect for an investor looking for stable income with upside potential in a high-growth neighborhood! For more details or to schedule a showing, reach out today. Read Less
3,024 sqft living area, Built in 1939, Structure Type: Detached, 4 units in building, 2 levels in building, Colonial, Brick
Cooling
Central Air, Electric, Central A/C
Foundation
Crawl Space
Heating
Natural Gas, Hot Water
Lot
5,000 sqft, 0.11 acres
Property
Other Structures: Above Grade, Below Grade, Other Units: Unit 1, Unit 2, Unit 4, Unit 3, Soil Types: Urban Land-Beltsville-Chillum, 4 two-bedroom units
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