1307-1309 Holbrook St Ne, Washington, DC 20002

Investor’s Dream | Renovated 6-Unit Multifamily in Trinidad Rare 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 apartments Recent 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 parking Two 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, … read more …