Property Details

Price $2,349,000

Year Built 1949

# of Units 4

Price P/ Unit $587,250

Sq. ft. 4,709 SF

Price p/ Sq. ft. $499

Current Cap Rate N/A%

Proforma Cap Rate N/A%

Lot Size 6,613 SF

Zoning LAR3

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About the Property

439 N. Hayworth is a value-add fourplex in the heart of the Fairfax District, an “A+” rental market under constant demand by high-income young professionals. Located blocks from The Grove and several other thriving neighborhood hubs, the property is near various popular retailers, trendy restaurants, and lively nightlife options. This charming fourplex features (4) 2-bdrm units that average approx. 1,175 SF. Please note, Section-8 tenants rent two units. Please refer to the rent roll for more information. These units present a substantial value add opportunity, as rents are approx. 61% below market compared to renovated units in the area. Property amenities include (2) 2-car garages that generate additional income and a community laundry room.

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