Description
Opportunity meets potential at 4340 Sheriff Road NE, an 8-unit multifamily asset offering investors the chance to acquire an income-producing property with significant value-add upside in Northeast Washington, DC. The property features eight residential units, a solid brick exterior, existing rental income, and off-street parking for approximately 3-4 vehicles. With several units currently occupied and additional units positioned for renovation and lease-up, the property presents multiple paths to increase income, improve operations, and enhance long-term asset value. Strategically located along the Sheriff Road corridor, the property offers convenient access to Metrobus service, Minnesota Avenue Metro, major commuter routes, neighborhood retail, and employment centers throughout the District. For the experienced investor, this is an opportunity to renovate, reposition, stabilize, and grow NOI while adding a multifamily asset to a DC portfolio. Existing occupancy provides in-place income while the property's vacant and value-add units create an opportunity for future rental growth. Highlights include: 8 multifamily units Existing rental income Value-add/renovation opportunity Vacant-unit lease-up potential Brick construction Off-street parking Public transportation access Washington, DC location. Property is being sold AS-IS. Buyer to perform all due diligence and independently verify unit configuration, occupancy, rents, licenses, zoning, financial information, property condition, and development or renovation potential.
Details
| MLS # | DCDC2282814 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1966 |
| Days On Site | 17 |
| Listing Provided By | Keller Williams Capital Properties | Marlena D McWilliams |
Features
| Basement | Y |
|---|---|
| Units | 8 |
| Zoning | MU-3A |
| Acreage | 0.12 |
Interior
| Cooling | Window Unit(s), Ceiling Fan(s) |
|---|---|
| Heating Yes / No | Yes |
| Heating | Baseboard - Electric |
Exterior
| Security Features | Carbon Monoxide Detectors, Sprinkler System - Indoor, Smoke Detector |
|---|---|
| Construction Materials | Brick |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Surface, Unassigned |
Taxes
| Tax Annual Amount | 5512 |
|---|
Area Information
| State | DC |
|---|---|
| County | WASHINGTON DC |
| City | WASHINGTON |
| Zip Code | 20019 |
| Area | WASHINGTON DC |
| School District | DISTRICT OF COLUMBIA PUBLIC SCHO |
| Listing VS Median (in 20019) | |
Price: $699,990 low | high Med: $289,000 On site: 17 low | high Med: 202 | |
Market Activity 20019
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Learn More About This Property
| State | DC |
|---|---|
| County | WASHINGTON DC |
| City | WASHINGTON |
| Zip Code | 20019 |
| Area | WASHINGTON DC |
| School District | DISTRICT OF COLUMBIA PUBLIC SCHO |
| Listing VS Median (in 20019) | |
Price: $699,990 low | high Med: $289,000 On site: 17 low | high Med: 202 | |
