Investment Overview

Marcus & Millichap is proud to present the sale of a 14-unit multifamily building in Congress Heights. This property is located at 4010 Livingston Road SE and was constructed in 1953. This 4-story building is comprised of 14 2Bedroom/1Bathroom units. The generously sized units can be renovated and converted into three-bedroom/ one-bathroom units ($1,893/mo). This long-term owner has always taken pride in the apartment and has proactively kept the buildings well and maintained. The property offers an investor the opportunity to acquire a well-maintained asset with stabilized income. There is also additional value upside through rental increases by implementing the Housing Voucher Program Standard ($1,360 for two-bedroom/one-bathroom).