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Good Deal or Not? Rowhouse with Tenants – Investor Edition

by Prince Of Petworth December 31, 2008 at 1:00 pm 15 Comments

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This home is located at 1674 Irving Street, NW.


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The flier says:

“This property is in good condition and has great Tenants. Walking distance to the Metro at 14th and Irving St and all the new shops there. Two of the Tenants are on month to month leases the other 4 are in various stages of a year lease. The expenses don’t include management in that a Purchaser may want to do self management. (current owner lives in NYC). All units recently upgraded.”

More info but sadly no photos can be found here.

I’m curious if there are folks out there who would consider an investment property like this? What if you wanted to live in the home itself, how are the tenant laws in DC? What would it take for this to be a good investment? Cause the price ain’t cheap – $1,125,000.

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