SoldSep 15, 2022

Listed by IOANNIS KONSTANTOPOULOS from Compass

Bought with Keisha Gray-Robinson from Samson Properties

Source: Bright MLS #DCDC2044650

103/3101 Sherman Avenue Northwest, Washington, DC, 20010

$115,000

1
1
523 sq. ft.

Condo

30+ days on the market

Sold: Sep 15, 2022

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About this property

Investor Alert! And ONLY OPEN to INVESTORS per recorded deed instruments. PLEASE READ VERY CAREFULLY. THIS IS NOT A STANDARD SALE. Property CANNOT BE OCCUPIED as a PRIMARY RESIDENCE. The unit MUST convey with the EXISTING TENANT, who has a quasi-life estate established with DCHD. NOTE --- CASH BUYERS or HARD MONEY. THIS PROPERTY CANNOT BE TRANSFERRED LEVERAGING ANY FANNIE/FREDDIE BACKED LOANS. This tenant CANNOT be vacated and must abide by the terms and conditions of the deed restriction placed on the property. Investor Alert! This unit was fully re-modeled as part of a successful conversion to condos in 2017 and still shows remarkably well. It offer gleaming hardwood-look porcelain tile flooring, gourmet kitchens with SS appliances, quartz counters, in-unit W/D, and ample storage. The building offers low condo fees and is also pet-friendly. Allow for a savvy investor to maximize both immediate cash-flow and long term appreciation. Please contact the listing agent directly for details. CURRENT RENT = $600 a month with an agreed 10% annual increase on Jan 1 . SHOWINGS WILL BE BY APPOINTMENT ONLY TO VERIFIED PURCHASERS.

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