2514 13TH Street NW

Description

Welcome to 2514 13th Street NW - a thoughtfully renovated 4-unit multifamily property in the heart of Columbia Heights - from the Aria Residential portfolio. This property presents a PRIME opportunity for both owner-occupants or traditional investors, boasting solid market-rate rents and virtually ZERO deferred maintenance. The building consists of an attractive unit mix of one 1-bedroom unit, two 2-bedroom units, and one 3-bedroom unit. All units were fully renovated in 2011 and feature SPACIOUS LAYOUTS, HIGH-END FINISHES, ALL-ELECTRIC APPLIANCES, and INDIVIDUAL HVAC SYSTEMS, with SEPARATELY METERED UTILITIES for each unit (aside from water), providing efficient management and reduced owner expenses. Unit 2, a spacious 3-bedroom residence, is currently vacant and was previously rented for $3,145/month, creating an ideal opportunity for an owner-occupant to live on-site while offsetting their mortgage with rental income - OR presenting a fantsatic opportunity for a new investor to CASHFLOW IMMEDIATELY after lease-up. The property is ideally located just blocks from the Columbia Heights and U Street Metro stops, the vibrant retail, dining, and entertainment along 14th Street NW, and is right across the street from Cardozo High School. Current & Historical Rents:• Unit 1 (1BR): $1,413/month• Unit 2 (3BR – Vacant): Previously rented at $3,145/month• Unit 3 (2BR): $2,923/month• Unit 4 (2BR): $1,897/month• In-Place Gross Monthly Rent (3 units): $6,2332514 13th Street NW benefits from strong rental demand and long-term upside in one of DC’s most desirable neighborhoods. Tours are to be scheduled by appointment only! Please reach out to Michael Murray, whose information is listed below.