5001 1st Street Nw, Washington, DC, 20011

Cash-flowing investment opportunity in Petworth with a proven rental history! This 4-unit multifamily building was renovated in 2020 and features 3BR/1BA units, each with a consistent track record of achieving $3,000+ per month in rent. Three of the four units are currently vacant, offering an investor or owner-occupant immediate upside to avoid complications and place their own market or voucher rate tenants. The property presents compelling redevelopment potential. Its substantial lot size and RA-1 zoning offer the opportunity to increase its unit count and footprint, subject to required zoning approvals. FHA and VA buyers welcome! ** Unit 2 and Unit 3 can be shown. Unit 4 is finishing up a unit turn. **