1912 M St Ne, Washington, DC 20002

Description

Fantastic investment or house-hack opportunity in Trinidad. This solid brick four-unit building offers four 1BR + den layouts across 3,246 sq ft, with two updated units on the lower level and two classic-condition units upstairs. One unit is owner-occupied; the remaining three are rented, including a long-term Section 8 tenant.

The property benefits from a fully owned 6.61 kW solar system installed in 2023, significantly reducing electric costs and generating over $7,700/year in SREC income. Current rents total $4,727/mo, with a pro-forma income of $6,500–$6,700/mo once the owner’s unit is rented. Actual cap rate is approximately 6% at $850,000, with a pro-forma cap rate...