Description
Investor’s Dream | Renovated 6-Unit Multifamily in TrinidadRare opportunity to acquire a solid brick 6-unit multifamily building in Trinidad, combining immediate income with long-term upside. This side-by-side property (1307–1309 Holbrook St NE) has been carefully renovated and offers a versatile mix of unit types:Three 1BR + den apartments,One 2BR apartment and Two spacious 3BR apartmentsRecent capital expenditures to four vacant units include: Modern kitchens with new cabinetry & appliances, In-unit washer/dryers, updated flooring & fresh paint & graveled rear yard for tenant parkingTwo units are occupied at below-market rents (average approximately $350/month), leaving tremendous upside as leases expire and rents are brought to market.This property is ideal for 1031 exchange buyers seeking a strong replacement asset. With settlement before year’s end, investors can take advantage of immediate depreciation benefits, including the enhanced 100% bonus depreciation provisions, maximizing after-tax returns in year one.Located in vibrant Trinidad, steps from Union Market, Ivy City, and the H Street Corridor, this is a rare 6-unit opportunity with both cash flow and appreciation upside.
Description
Investor’s Dream | Renovated 6-Unit Multifamily in TrinidadRare opportunity to acquire a solid brick 6-unit multifamily building in Trinidad, combining immediate income with long-term upside. This side-by-side property (1307–1309 Holbrook St NE) has been carefully renovated and offers a versatile mix of unit types:Three 1BR + den apartments,One 2BR apartment and Two spacious 3BR apartmentsRecent capital expenditures to four vacant units include: Modern kitchens with new cabinetry & appliances, In-unit washer/dryers, updated flooring & fresh paint & graveled rear yard for tenant parkingTwo units are occupied at below-market rents (average approximately $350/month), leaving tremendous upside as leases expire and rents are brought to market.This property is ideal for 1031 exchange buyers seeking a strong replacement asset. With settlement before year’s end, investors can take advantage of immediate depreciation benefits, including the enhanced 100% bonus depreciation provisions, maximizing after-tax returns in year one.Located in vibrant Trinidad, steps from Union Market, Ivy City, and the H Street Corridor, this is a rare 6-unit opportunity with both cash flow and appreciation upside.
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