4261 Edson Pl Ne, Washington, DC 20019

Description

"THE OPPORTUNITY
4261 Edson Place NE presents a rare opportunity to acquire a four-unit multifamily building in the Deanwood/Benning Ridge area of Northeast Washington, DC. The property consists of four 3BR/1BA units, currently 75% occupied with an average in-place rent of $1,971. This asset is well-positioned for either an investor seeking immediate cash flow with long-term upside or an owner-occupant looking to offset housing costs through rental income from additional units.

RENT CONTROL EXEMPT
As a four-unit building, 4261 Edson Place NE qualifies for DC’s rent control exemption for first-time multifamily owners. This exemption allows for market-based rent increases,...