820 Richard Place NW

Are you ready to add a versatile income-producing property to your investment portfolio? This four-unit property is being sold as-is and is currently vacant, offering an excellent opportunity to make updates and begin generating rental income. The building features a mirror-image layout with two units upstairs and two units downstairs. Each apartment offers 2 bedrooms, 1 full bathroom, a family room, and an eat-in kitchen. With some cosmetic updating, including paint and flooring, these units could be quickly refreshed and ready for tenants. Additional features include newer vinyl windows (2012) throughout. The flat roof has been regularly maintained, with the most recent updates completed in February 2025. The common-area basement provides separate electric panels, water/gas meters, hot water tanks, and furnaces for each of the four units, allowing for individual utility service. The basement also includes a shared laundry area and four lockable storage rooms—one designated for each apartment. A great opportunity for an investor looking to add a multi-unit property with strong income potential to their portfolio.