722-724 Hamlin StWashington, DC 20017
- Apartment buildings
- 4,000 SF
Property Details for 722-724 Hamlin St
- Property size (Sq ft)
- 4,000 SF
- Property type
- Apartment buildings
Description
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.
Location Insight
- City
- Washington
- County
- Washington
- State
- DC
- Latitude
- 38.9277
- Longitude
- -76.9952
Comparable in this City
Similar Nearby for Sale
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].