Duplex in Historic Capitol Heights

• 2 bd/2 ba & 1bd/1ba with 2,208 sq ft
• Roughly 1,400-1,500 sq ft for the 2bd/2ba and 700-800 sq ft for the 1bd/1ba unit
• 1bd/1ba unit is currently vacant
• 2bd/2ba unit is currently rented
•  The current rent in 2bd/2ba unit is $500/mo. Tenants are aware that this will increase and are ok with that

• 1721 Madison Ave is a duplex comprised of a 2bd/1ba and a 1bd/1ba. The 2bd/1ba rents for $800 and the 1bd/1ba rents for $600. This property was bought as part of a package deal in March 2021, with the average purchase price for this unit being $95,000 as-is by a cash buyer
• 1725 Madison Ave is a duplex comprised of a 3bd/1ba and a 1bd/1ba. The 3bd/1ba rents for $800 and the 1bd/1ba rents for $700. This property was bought as part of a package deal in March 2021, with the average purchase price for this unit being $95,000 as-is by a cash buyer
• 20 S Pennsylvania Ave is a duplex comprised of two 2bd/1ba's. Each side rents for $510. The property sold in August of 2020 for $90,000
• Market Rent: $700-$800 for 2bd/2ba, $500-$600 for 1bd/1ba, $1,200-$1,400 Total

Repairs:
 Roof: 2009, 3-tab, in good shape
 HVAC: None. Central heat, so there is ductwork. Needs 2 units
 Flooring: Hardwood in common areas and bedrooms, LVP in bathrooms. In good shape
 Kitchen: Consider replacing the dishwasher in 2bd/2ba unit. Needs full kitchen in 1bd/1ba unit
  Bathroom:  Consider replacing the standing sink with larger vanity in 1bd/1ba unit
 Windows: In good shape
 Foundation: No apparent issues