100 E 28th St

About this property

ATTENTION INVESTORS! This unique income property is a textbook value-add opportunity for a savvy investor ready to build a true cash cow. Located in a highly walkable district with direct views of the Capital Building, the property features a flexible multi-dwelling layoutincluding a detached garage converted into a private carriage houseand currently generates $3,100 a month with the main 3/2 unit owner occupied. One unit is a newly launched Airbnb with massive runway to optimize and increase rates, and the property already operates around 11% Cap Rate when the owner-occupied unit is rented. Zoned Mixed-Use Business (MUB), the possibilities are endless for residential rentals, live/work spaces, or professional offices. This is the perfect chance to renovate one unit at a time, maximize market rents, and unlock massive upside in a prime location.

Highlights

• Roof: Composition/Asphalt
• Sewer: City Sewer
• Utilities: Public (City) Water
• Water
• Gas
• Sewer

Facts & figures

Square feet

3,362

Lot size

0.12 acres

Year built

1921

Property type

Multi-Family

Status

Active

MLS #

100946