2269 Pennsylvania Avenue

Newly renovated four-unit investment property projected to generate $94,740 in gross income and $82,357 in net income at full stabilization. The asset features a high-income unit mix of one 5-bedroom unit, one 4-bedroom unit, and two 3-bedroom units, offering oversized layouts that support strong rent ceilings and a broad tenant base. The property has undergone extensive interior renovations, significantly reducing near-term capital expenditures. Upgrades include New Well installed in 2025, new laminate flooring throughout, modernized kitchens with stainless steel appliances, butcher block countertops, and tile backsplashes, along with updated lighting and finishes across all units. Additional features include open-concept layouts, large bedrooms, walk-in closets, flexible bonus spaces, two separate storage compartments for additional income, and in-unit laundry hookups in select units, all enhancing tenant appeal and lease-up potential. One unit is intentionally being left vacant for an owner-occupant buyer, while the remaining units are ready for lease-up, providing an immediate opportunity to stabilize and achieve market rents. The 3–5 bedroom layouts positions the property for premium rents and strong demand. Operational efficiency is supported by a mini-split system in one unit and electric baseboard heating in the others, along with a simplified expense structure where landlord responsibilities are limited to taxes, insurance, and trash. With modern finishes, large unit sizes, and strong rent potential, this property presents a compelling opportunity for investors or owner-occupants seeking a turnkey, high-yield asset with minimal upfront CapEx and significant income upside.