Price Reduced! 1819-1821 P Street includes 14 total units across two separate structures measuring approximately 6,121 total square feet with an average unit size of approximately 437 square feet. The property includes ten (10) residential units at 1819 P Street, which is a 4,890 square foot two-story building facing P Street. The ten units include two, 1 bedroom and 1-bathroom units and eight studio units. The remaining four (4) studio units are located at 1821 P Street, which is a 1,231 square foot two-story building located along Carriage Path Alley to the north. There is a large basement that includes a vacant non-confirming 1-bedroom unit, a manager's office, coin-operating laundry, and ample storage. We have not applied any value to the underutilized basement, which could be renovated to add at least two more residential units. The property is now being offer at $2,050,000 or $146,000 per unit. The two structures are 100% leased and generating gross rent of approximately $15,070 per month. All 14 units are eligible for the maximum 7.7% annual rent increase on January 1, 2026 which would increase the gross monthly rent to approximately $16,132 per month. The advertised cap rate of 6.02% reflects the annual return after rents have been increased on the first of the year.