623 5th St Ne, Washington, DC 20002

Investor Alert! Rare opportunity to acquire a large seven-unit apartment building in the heart of Capitol Hill, offering strong in-place income, low operating expenses, and significant value-add potential. With a Net Operating Income of $195,650, this well-maintained property delivers immediate cash flow while providing ample opportunity for a new owner to increase value and maximize future returns. The property also includes a 1,500-square-foot carriage house, adding flexibility and enhancing the overall appeal of this unique investment. One of the property's standout features is its abundance of private outdoor space. Every residence includes at least one private outdoor area, while most offer two private balconies, an increasingly sought-after amenity in urban living. Unit Breakdown: Unit 1: 2 bedrooms, 2 bathrooms, 2 private balconies Unit 2: 2 bedrooms, 2 bathrooms, 2 private balconies Unit 3: 2 bedrooms, 2 bathrooms, 2 private balconies Unit 4: 2 bedrooms, 2 bathrooms, 1 private...