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Seize a prime cash-flow and further development opportunity in the flourishing Congress Heights neighborhood! Property is being offered with 2 long-term tenants conveying at $4,300 monthly rental income & an annual net operating income of $40,275 (8.3% cap rate). The seller had initiated plans of enhancing the property by expanding the rear of the house, with plans readily available for review or simply keep the property in its current condition. Ideally situated within walking distance to the Congress Heights Metro station, this property is perfectly positioned for comfort and convenience for cash flow and/or use as your own personal residence. This opportunity represents a strategic investment in a rapidly developing area, offering both immediate returns and long-term growth potential.
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Listing information last updated on May 2nd, 2024 at 1:03pm EDT.