GET MORE INFORMATION
$ 2,300,000
$ 2,430,000 5.3%
8,040 SqFt
$ 2,300,000
$ 2,430,000 5.3%
8,040 SqFt
Key Details
Sold Price $2,300,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 8,040 sqft
Price per Sqft $286
MLS Listing ID DCDC2159648
Sold Date 12/30/24
Originating Board BRIGHT
Year Built 1912
Annual Tax Amount $17,234
Tax Year 2024
Lot Size 3,010 Sqft
Acres 0.07
Property Description
The Property consists of approximately 8,040 gross square feet within a four-story brick building with nine (9) units consisting of three (3) one-bedroom units in the lower level, two (2) two-bedroom units, and four (4) two-bedroom plus den units on the top three floors. The Property's existing high level of physical vacancy (7 units or 77.7%) presents investors with the opportunity to add value immediately and capitalize on the broad range of renters that seek out Capitol Hill for housing including Capitol Hill
staffers, lobbyists, trade associations, universities, student/interns, just to name a few.
The rear yard can be accessed via a public alleyway, which creates the opportunity to accommodate 3-4 off-street parking spaces at the Property. Also, the asset features a multilevel covered deck off the rear which provides amenity space for building residents.
When fully occupied, the asset can generate $18,000+ in monthly rental income.
Location
State DC
County Washington
Zoning RF-1
Interior
Hot Water 60+ Gallon Tank
Heating Radiator
Cooling Window Unit(s)
Heat Source Natural Gas
Exterior
Garage Spaces 3.0
Water Access N
Accessibility None
Total Parking Spaces 3
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Tax ID 0950//0053
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
Bought with Unrepresented Buyer • Unrepresented Buyer Office
GET MORE INFORMATION
Licensed Real Estate Broker