Description
At closing, the property was conveyed with only one occupied unit.Fantastic investment opportunity in the heart of historic Reservoir Hill! This fully leased triplex offers strong cash flow, updated systems, and excellent long-term upside. The building includes three separately metered units, all with central A/C and access to shared basement laundry. Unit 1 (1BR + den/2BA) is a spacious first-floor apartment with in-unit washer/dryer and flexible layout, currently rented at $1,050/month. Unit 2 (1BR + den/1BA) is a light-filled second-floor unit with a long-term tenant of four years, rented at $1,000/month. Unit 3 (1BR/1BA) is a charming top-floor unit with dishwasher and recent cosmetic upgrades, also at $1,000/month. Two of the units have newer hot water heaters (replaced in the last two years), and the roof was repaired in 2023. Total gross monthly income is $3,050, with potential for increased rent through future improvements and market adjustments.Ideally situated just steps from Druid Hill Park and surrounded by incredible neighborhood assets like Whitelock Community Farm, German Park, and Beth Am Synagogue, this property benefits from a strong sense of place and community. Exciting developments are underway, including the $170M Reservoir Square mixed-use project just blocks away—bringing new retail, apartments, and a Streets Market grocery store by 2027. With historic charm, stable income, and a prime location at the center of a growing neighborhood, 906 Whitelock is a smart addition to any real estate portfolio.
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
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2,880SQFT
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$118$/SQFT
Description
At closing, the property was conveyed with only one occupied unit.Fantastic investment opportunity in the heart of historic Reservoir Hill! This fully leased triplex offers strong cash flow, updated systems, and excellent long-term upside. The building includes three separately metered units, all with central A/C and access to shared basement laundry. Unit 1 (1BR + den/2BA) is a spacious first-floor apartment with in-unit washer/dryer and flexible layout, currently rented at $1,050/month. Unit 2 (1BR + den/1BA) is a light-filled second-floor unit with a long-term tenant of four years, rented at $1,000/month. Unit 3 (1BR/1BA) is a charming top-floor unit with dishwasher and recent cosmetic upgrades, also at $1,000/month. Two of the units have newer hot water heaters (replaced in the last two years), and the roof was repaired in 2023. Total gross monthly income is $3,050, with potential for increased rent through future improvements and market adjustments.Ideally situated just steps from Druid Hill Park and surrounded by incredible neighborhood assets like Whitelock Community Farm, German Park, and Beth Am Synagogue, this property benefits from a strong sense of place and community. Exciting developments are underway, including the $170M Reservoir Square mixed-use project just blocks away—bringing new retail, apartments, and a Streets Market grocery store by 2027. With historic charm, stable income, and a prime location at the center of a growing neighborhood, 906 Whitelock is a smart addition to any real estate portfolio.
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