Description
Excellent investment opportunity or owner-occupant opportunity in the heart of Historic Mount Rainier! This well-maintained four-unit multifamily property offers immediate rental income with significant long-term appreciation potential. The property currently generates approximately $64,200 in annual gross scheduled rental income, including seasonal utility reimbursement.The building includes one 2-bedroom apartment, two 1-bedroom apartments, and one studio apartment, with three tenants under one-year leases and one month-to-month tenant, providing both stable income and future flexibility.Numerous capital improvements have been completed, including a new boiler, new water heater, updated roof, replacement windows, upgraded electrical system, fresh exterior paint, selected interior updates, and new luxury vinyl plank flooring in Unit 1. The property also features inviting front and rear porches, a private backyard, shared laundry, a detached two-car garage, and a separate workshop/storage building.Conveniently located just minutes from Washington, DC, the Arts District, shopping, restaurants, parks, public transportation, and major commuter routes. Whether you're expanding your investment portfolio or seeking to live in one unit while generating rental income from the others, this is a rare opportunity in one of Prince George's County's most desirable historic neighborhoods.
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6BEDS
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0.15ACRES
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4BATHS
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01/2 BATHS
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2,430SQFT
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$300$/SQFT
School Information
Description
Excellent investment opportunity or owner-occupant opportunity in the heart of Historic Mount Rainier! This well-maintained four-unit multifamily property offers immediate rental income with significant long-term appreciation potential. The property currently generates approximately $64,200 in annual gross scheduled rental income, including seasonal utility reimbursement.The building includes one 2-bedroom apartment, two 1-bedroom apartments, and one studio apartment, with three tenants under one-year leases and one month-to-month tenant, providing both stable income and future flexibility.Numerous capital improvements have been completed, including a new boiler, new water heater, updated roof, replacement windows, upgraded electrical system, fresh exterior paint, selected interior updates, and new luxury vinyl plank flooring in Unit 1. The property also features inviting front and rear porches, a private backyard, shared laundry, a detached two-car garage, and a separate workshop/storage building.Conveniently located just minutes from Washington, DC, the Arts District, shopping, restaurants, parks, public transportation, and major commuter routes. Whether you're expanding your investment portfolio or seeking to live in one unit while generating rental income from the others, this is a rare opportunity in one of Prince George's County's most desirable historic neighborhoods.
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