$1,600,000

This 7-unit investment property in Kalorama Triangle is RA-2 zoned and is 5,632 finished sq ft on a 2,422 sq ft lot. There is a C of O for seven units. Current rental income is low due to long-term tenants at below market rates, but a great opportunity over time The unit mix is currently configured as one studio, five 1 bedrooms, and one 2 bedrooms. There is a large common hallway and stairwell that serves six of the units while the basement is a walk-out with a separate entrance. Currently six of the seven units are occupied and all are month-to-month terms. The building condition is sound, but many finishes are dated. The building is just one block away from Columbia Road and the main strip in Adams Morgan and just 2 blocks to the nearest metro station. This quiet street is tucked away from the lively and energetic areas surrounding it and is surrounded by beautiful trees and neighborhood parks. There is a large 2-car garage accessed by the alley.

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