2.375% ASSUMABLE FHA LOAN | $655,000 BALANCE | $4,121.45 PITI. This 3-unit property offers a rare opportunity to assume an FHA loan at a 2.375% interest rate, originated in December 2021 with a maturity date of January 2052. Based on current market rates, this assumption represents a projected savings of… Read More over $400,000 in interest over the life of the loan. STRATEGY: Total PITI is currently $4,121.45. An owner-occupant can reside in the 3-bedroom unit while utilizing the rental income from the two 2-bedroom units to offset the monthly mortgage payment. This asset is well-positioned for those seeking to maximize cash flow through the DC voucher program or market-rate rentals in a resilient submarket. -------------------------------------------------------------------------------------------- DISCLAIMER & DISCLOSURE: Property sold strictly AS-IS. To the seller's best knowledge, the loan is FHA assumable; however, the Buyer is solely responsible for performing all due diligence regarding loan assumption requirements, eligibility, and lender terms. Buyer is responsible for confirming and completing all due diligence related to the Certificate of Occupancy (CFO) and Basic Business License (BBL). Seller and listing agent make no representations regarding future rental income or regulatory compliance. TRANSACTION TERMS: Asking price reflects the loan balance. Buyer is responsible for 100% of closing costs and all broker fees. Read Less
Courtesy of Abel M Gebremichael, Keller Williams Capital Properties 202-243-7700
Listing Snapshot
Days Online
20
Last Updated
Property Type
Triplex
Square Ft.
2,800
Lot Size
0.11 Acres
Year Built
1944
MLS Number
DCDC2250342
Additional Details
Building
Built in 1944, Living area: 2800, Construction Materials: Brick
This information is provided exclusively for consumers' personal, non-commercial use; that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by BrightMLS. Information may appear from many brokers but not every listing in BrightMLS is available. This content last updated on .
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