480K or Best Offer EMD and Proof of Funds Required - All Cash Offers Considered
ARV = 650K
WHAT YOU ARE GETTING:Three auto garages , three apartments, nine office rooms which could alternately be used as bedrooms, two new kitchens, and three new full bathrooms.
EXPLORE THE VAST POSSIBILITIES….You can own and operate five different businesses at this property all at once. There are four separate buildings-- an existing full auto repair garage, a separate paint/body garage, a used tire business with storage facility, and a nine bedroom, two bath single family home.
LOCATION. LOCATION. LOCATION: The property is situated on the border of Washington DC and Maryland. The cash flow from both garages is $4000.00, cash flow from the home is $1500.00. You can live in the house and while saving on rent; walk next door to your auto repair garage business, and save on transportation. Eliminate the commute; work in the convenience of your home; be close to family while working out of your in-home auto body shops. There is ample parking for all types of vehicles including construction trucks. Parking is enclosed by a secure private fence. The rental income brings in $66,000.00 annually.
HOW IS THIS SUCH A GREAT BARGAIN?With the revenue generated from the auto-shop business, the garages alone, without the residential property, is worth its weight in gold.
THIS OPPORTUNITY WILL NOT LAST FOREVER - These are amazing rental properties, including the garages and the private residence. It is so versatile, you can live in the house and use the rental income from your auto repair shop to pay your mortgage.
*A - Three apartments, a nine bed/three bath house, 2 kitchen $1500.00 a month rental income *B - Detached garage with a two bedroom loft/office-- income is $2000.00 a month rental income *C - Detached paint booth/body shop building with skylight $2000.00 rental income *D - Detached storage building that houses the used tires for your Used Tire Business
Property rests on the corner of major intersection...Southern Avenue with Gunther Street, across the street from SE DC and H Street, close to major developments of the H St Corridor. Many developments are coming to the area, including condominium apartments.