Congress Heights on the Rise

FOR SALE IN WARD 8 | 412 Mellon Street, SE - $849,000

October 21, 2022 The Advoc8te

This rare gem is a 75% vacant apartment building that was recently renovated. This is a turn-key investment that has possibilities for renting out all the units for a potential gross income of $5,440, OR turning each unit into condos down the road (condos across the street have sold for $300k+), OR living in one unit and having tenants cover $4,000 of your mortgage! Lots of possibilities, and the neighborhood has immense potential with all of the huge developments going into Congress Heights! When interest rates come back down, properties like these have a tendency to become unaffordable! This is your chance to get in at a great price and refinance down the road to make your cashflow even stronger! Do not miss it!

REDFIN

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