$1,649,500
$1,649,500
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3,570 SqFt
SOLD DATE : 07/29/2022
Key Details
Sold Price $1,649,500
Property Type Single Family Home
Sub Type Twin/Semi-Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 3,570 sqft
Price per Sqft $462
Subdivision Eckington
MLS Listing ID DCDC2028692
Sold Date 07/29/22
Style Other
Abv Grd Liv Area 3,570
Originating Board BRIGHT
Year Built 1939
Annual Tax Amount $8,121
Tax Year 2021
Lot Size 7,013 Sqft
Acres 0.16
Property Description
INVESTOR ALERT! 4-Unit Apartment Building with largest lot on the block which allows for more units. Highlights include:
* Located in Eckington
* Large lot with over 7,000 square feet
* Surrounded by new condo developments
* Next door converted units have sold for up to $675,000 / unit
* Building is currently exempt from rent control
* Approved HCVP rents are $5K plus / month for four bedroom units and $2.8k plus / month for two bedroom units with utilities
* Building is comprised of two 3 bedrooms and den units and two 1 bedroom and den units where dens can potentially be converted to additional bedroom
* Building can be delivered vacant
* Large floor plan with large bedrooms
* Basement with storage space
* Building is semi-detached
* Space in rear provides off street parking
* Gas / Electrical / Hot Water separated in each unit
* Low operating expenses
* Upgraded Electrical w/ heavy up and circuit breakers
* Upgraded plumbing
* On site laundry facility in basement
* Walking distance to Metro / Bus transportation
* Situated between major developments (Eckington Yards and Bryant Place)
* Potential double digit cap rates if maintained as rental property
* You can't go wrong whether you convert to condos or maintain as rental property
Don't lose out on the best deal around!
Proof of funding to close required.
Location
State DC
County Washington
Zoning R4
Rooms
Basement Space For Rooms
Interior
Interior Features Ceiling Fan(s), Wood Floors
Hot Water Natural Gas
Heating Hot Water
Cooling Window Unit(s)
Flooring Hardwood
Equipment Refrigerator, Stove
Fireplace N
Window Features Double Pane
Appliance Refrigerator, Stove
Heat Source Natural Gas
Exterior
Utilities Available Cable TV, Electric Available, Multiple Phone Lines, Natural Gas Available, Phone Available, Sewer Available, Water Available
Water Access N
Roof Type Flat
Accessibility 32\"+ wide Doors, 36\"+ wide Halls
Garage N
Building
Foundation Block
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
Structure Type Dry Wall,Plaster Walls
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Tax ID 3565//0078
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with Samuel R Davis • Long & Foster Real Estate, Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "