722-724 Hamlin St Washington, DC 20017

This exceptional investment opportunity presents two buildings totaling six units situated at 722-724 Hamlin St NE, Washington, DC 20017. The property boasts approximately 4,000 square feet and comprises six units: five two-bedroom, one-bathroom apartments above ground, and one basement studio apartment. A community laundromat is conveniently located in the basement. The property is ideally located in the Brookland neighborhood, just four blocks from the Catholic University of America campus, offering strong rental demand. The lot offers potential for rear parking. Each unit requires moderate renovations, estimated at $50,000 per unit, which, upon completion, could yield a minimum monthly rental income of approximately $3,000 per unit. Based on these projections, the estimated annual gross rental income could reach $216,000. The asking price is $1,950,000, translating to $487.50 per square foot. This property presents a compelling investment opportunity in a desirable location with significant upside potential. Note: Potential buyers should conduct their own due diligence to verify all financial projections.