About 5024 H St Se
List price to be opening bid at online only auction. Online auction to be conducted on Auctioneers website. Bidding begins Sunday, September 28, 2025 & ends Friday, October 3, 2025 at 11:00 AM. The property features a unit mix of four 2BR/1BA units and one 1BR/1BA unit. Currently, 2 of the five units are occupied. Current gross monthly rent of $3,270. Current gross annual scheduled rent of $39,240. Potential gross monthly rent of $8,541. Potential gross annual rent of $102,492. • Unit 1: 2 bed / 1 bath – vacant. • Unit 2: 1 bed / 1 bath – $1,513/month. (Voucher tenant). • Unit 3: 2 bed / 1 bath – $1,757/month. (Voucher tenant). • Unit 4: 2 bed / 1 bath – vacant. • Unit 5: 2 bed / 1 bath – vacant. Each unit includes updated kitchens, bathrooms, modern appliances and flooring. Individual HVAC systems and water heaters are installed in each unit for tenant comfort. Each unit has it's own electric meter. The property is equipped with rooftop solar panels. The new owner will be required to purchase electricity through the existing solar power provider. Since the installation, the current owners have benefited from electricity rates below market average—an advantage that can positively impact the new owner's cash flow. The building also includes a large, unfinished utility room adjacent to the basement unit (Unit 5), offering potential for expansion. The property sits on a 6,758+/- SF lot, which may allow for further development or structural expansion under R-2 zoning. Photos were taken on July 18th, 2025 & September 22nd, 2025.
