Investment Opportunity in Prime Location Welcome to a prime investment opportunity nestled in the heart of Washington, DC. This four-unit property presents an exceptional chance for savvy investors to capitalize on its potential. Boasting a coveted location and promising possibilities, this property is a diamond in the rough waiting to be polished. Property Details: Unit Configuration: Four units, each featuring two bedrooms Potential for Expansion: Ample space available to comfortably rebuild units into three bedrooms, offering increased rental potential and appeal. Certificate of Occupancy: The property holds a Certificate of Occupancy for a four-unit building, ensuring compliance and legal status. Neighborhood Dynamics: The neighboring building has secured a permit for an eight-unit apartment complex, indicating growth and development potential in the area. Housing Demand: With housing in DC at a premium and Howard University facing shortages in student accommodations, this property offers a timely solution to a pressing need. Opportunities Abound: This property presents a myriad of opportunities for creative redevelopment or renovation, catering to diverse investment strategies and goals. Important Note: Fire Damage Alert: Please be advised that this property has incurred fire damage and is currently deemed unsafe for entry. Exercise caution when exploring the premises. Home Harmless Agreement: For safety reasons, all individuals entering the property must sign a Home Harmless Agreement, acknowledging the risks associated with the property's current condition.
PRICE PERFECTED! Explore a premier investment opportunity in Dupont Circle. This detached property offers an expansive area of over 6,000 square feet, complete with six parking spaces and four exquisitely maintained units. The centerpiece of this estate is a luxurious, sun-drenched two-level corner unit, embodying the pinnacle of upscale living. As an owner, you can enjoy the splendor of this distinguished mansion as your residence while capitalizing on substantial rental income from the other three units. Alternatively, fully leasing the property can yield a significant yearly income. This property is more than a residence; it is a strategic, high-value investment in sought-after Dupont Circle.
Photos are of the one vacant unit (#2). The average rent of the 4 occupied units is $958/month. The building has been family-owned for over 20 years. We believe that the hot water heater was replaced around 2008 and the boiler around 2006. Please contact the agent for more information or for the rent roll.
Experience luxurious living in this meticulously renovated duplex located in the heart of Washington DC. The entire building has undergone a stunning transformation, offering two fully upgraded units (1BR, 1BA). Each unit boasts new energy-efficient windows, recessed lighting, fresh paint, new flooring, and plush carpeting. The kitchens shine with stainless steel appliances and granite countertops. The bathrooms feature new ceramic tile, sinks, and toilets. The inclusion of energy-efficient stacked washers and dryers adds convenience. Unlock the potential for vertical expansion, a unique opportunity in this thriving area that has witnessed drastic development. The property is positioned just 2 blocks from the DC Streetcar, providing easy access to the city's charm. Furthermore, enjoy proximity to RFK Stadium and the Hechinger Mall Redevelopment, promoting entertainment and recreation. *Seller has an assumable loan at 4.5% interest*
For Sale- Three one bdrm units nestled in the quiet nook of Pleasant Hills and directly on the edge of Petworth! This amazing three unit is currently generating approximately $60k/year with only two units rented (via airbnb) and the owner occupying the third unit. This home is nearby to Brookland metro, Catholic U, Washington Hospital Center, and steps from the prestigious Yu Ying Charter School. And best of all, the zoning in this neighborhood allows you to add an additional level on top if you decide to expand down the road. A truly unique opportunity in Brookland!
Three separately metered apartments. Apartment 1 has 2 beds and 1 bathroom. It is roughly 1,500 sqft according to the tax record. Apartment 2 has 3 bedrooms and 1 bathroom. It is roughly 1,300 sqft according to the tax record. Apartment 3 has two levels with 3 bedrooms and a den with 2.5 bathrooms. It is roughly 3,000 sqft according to the tax record. There is a new deck and parking space out back. Some new renovations have been completed and some are in process. Unit three is ready for your complete renovation. ***Please call listing agent for detailed description***
The property was severely damaged by fire. Showing the interior is not possible. Showings must be conducted from the exterior ONLY.
5 unit renovation in progress - estimated delivery June 2024. Unit 1: 604 SF 2 bed, 1 bath; Unit 2: 637 SF 2 bed, 1 bath; Unit 3: 700 SF 2 bed, 1 bath; Unit 4: 732 SF 2 bed, 1 bath; Unit 5: 1163 SF, 3 bed, 2 bath w/ roof deck. 2 off street parking spaces. Estimating $11,500 in monthly rent from finished units. Located 2 blocks from Deanwood metro station.
Calling all investors for this 6 TH-style units in a brand new building with views of the Wash Monument and the Capitol! Located in bustling NE DC, in Langston-Carver, where H St Corridor, Union Market and Ivy City are all easily accessible, you can now add this boutique 6-unit residence to the mix. The Dezy Condominiums has an expansive rooftop with 360 degree views of DCâs skyline for the penthouse units. There is a clear shot of the Capital from the all six units and spectacular sunsets. In addition, each unit has its own private outdoor space, 3 bedrooms and 2.5 baths over two floors. Each unit has a spacious, open concept living & dining area which is graced by an oversized picture window at each end of the home that offers ample natural light throughout the main level. The stunning white oak wide plank flooring create an inviting and warm atmosphere throughout the home. The chic L-shaped kitchen has quartz countertops, matching backsplash, white shaker cabinetry with black metal hardware, an oversized island with storage and an 7.5ft wide deep pantry. The brand-new SS appliances offer functionality and style. All the bedrooms have morning or sunset views and are on the same floor as the laundry. Both full baths have spa-like features and feel. Full-size washer and dryer in every unit. The secured 6-car parking area has a quick roll up door and each unit comes with 1 parking space. The building is fully equipped with a secured entry, while the unit has a smart home security system installed. These SIX condos run from 1640-1800 sq ft each. Within walking distance to H Street Corridor, Aldi, Safeway and the Arboretum. This is an amazing opportunity for early entry into a transitioning area while building equity for years to come. . Average rentals for each unit currently goes for $3800-4000/mo. When renting out the 6 units, that's roughly a 6.825% cap rate!
***See Virtual Tour for photos*** â¢Three-story mixed-use building is zoned to allowed a varied mix of residential, employment, retail, service, and other related uses. ⢠Fully leased to a cannabis retailer with one and a half years remaining on their lease, allowing a new owner to chart the course for success moving forward. ⢠Strong 2-mile demographics with over 167,900 residents, an average household income above $133,200 annually, and total consumer spending above $2.6B. ⢠Nearby retailers include Aldi, Chick-fil-A, CVS, Safeway, and Starbucks, Whole Foods as well as venues like the National Arboretum & Atlas Performing Arts Center. ⢠Exceptional H Street Corridor location near Hechinger Mall, Union Station, NoMa-Gallaudet U - New York Ave Station, Gallaudet University, & more. ⢠Walk ScoreTMï¸ of 95 with multiple DC Streetcar and Metrobus locations nearby. Conveniently situated with easy access to 295 or Rte. 50. Additionally, it is within a 15-minute walk to Gallaudet University.
IGNORE DOM. Previous Contract fell through. Back on the market buyer financing fell through. huge price improvement!!Amazing location not far from two metro stations bus line near by totally remodeled recently. EACH UNIT IS SEPARTELY METERED Well maintained building All four unit have Central AC. UNIT 1 and 2 are handicap accessible. UNIT ONE AND 4 ARE VACANT. All four units have WASHER AND DRYER HOOK UP AND UNIT 3 HAS WASHER AND DRYER. Great tenants unit 2 and 3 are on section 8. YOU HAVE TWO UNITS VACANT U CAN LIVE IN ONE AND RENT THREE OF THEM. Premium title and escrow preferred as they have done work on the property.
Also Listed as Residential on the mls DCDC212576 Perfect condominium conversion or multi family opportunity in the Trinidad neighborhood. Building has two 1 bedroom, 1 bathroom units with enclosed rear porches. Parking is possible in the back. Due diligence should be conducted in advance . Both units are occupied. Sold AS IS . All offers to include Pre Approval Letter, Copy of EM and proof of funds. Prime development opportunity-many buildings in the neighborhood have been expanded and converted into luxury condominium residences. Building is conveniently located near Gallaudet University and easy access to routes to Capitol Hill and bustling H Street.
Calling all investors; do not allow political shifts to keep you from doing what you do best! Seller will consider all reasonable submissions. This lovely, 4-unit, semi-detached property should be your next project! The property receives lots of natural light and is located within a charming community. Development continues along Minnesota Ave. and this property is located near the Minnesota Ave. Metro. Tucked away nearby is Eastland Gardens, with lots of deer, turtles, hawks, eagles and foxes, including current plans to build a pedestrian bridge over the Anacostia River. The community is a yes and this potential project could be your new home; this is a perfect condo conversion project or simply spruce up each unit and maintain the current layout and rent This property is a must see and is vacant; NO TOPA! Opportunity is knocking! Get your contractor and take a look at this stately, end of row, 4-unit building. Zoned R3 and ready for your vision. The property is an end of row, 4-unit with a very large side and rear yard.
Incredible condo conversion opportunity. Plans have been submitted for a 4 unit building. Each unit will be 1,500 sqft with 3 beds/3 baths. Upper units will have private roof decks. Off street parking for 2 cars. Total out sale is around $2.8M. Do your own due diligence. Demo has been completed. Being sold as-is. Plans are currently under review.
This new construction multi-unit building is in the final stages of construction with completion expected in February 2024. An experienced developer has created two @1,800 sf 3-bedroom units with each bedroom containing an en suite bath. Amply sized and with plenty of room for entertaining, each unit has multiple outdoor spaces and secure parking. The design has been coordinated to attract tenants of discerning taste and who value quality construction. Hardwood floors throughout, recessed LED lighting, Large format ceramic tiles & gourmet kitchens. The project has been conceived since the beginning as a two unit condominium building and is ready for the final stages of the conversion. This means that a new purchaser of the building can rent the units long-term, sell them both immediately, or sell one and rent the other at any time. Sale will take place after all final inspections are complete and a C of O for two units is in hand. Showings are by appointment only with showing contact.
ONLY Show Units #3 & #4 on 2nd floor. Entire building was renovated in 2004/2005 and converted to condos. The same owner has rented all 4 units for 18+ years. The condominium was CANCELLED on 8/8/2023. The new Tax ID is 4560//0811, which can be confirmed online at the DCOZ (DC Zoning) website. The records have not been updated on Bright MLS. NOTE: There is no Tax Record for 1819 D St, NE to Auto-Fill all the financials & measurements of the building as a whole. TAX INFO, ASSESSED VALUE, LOT SIZE must be verified by buyer. The taxes, square footage of the building, square footage of the lot were gathered by taking all the info from the old tax records for Units 1, 2, 3 & 4, when they used to be condos. Taxes were calculated by adding up the taxes for each of the 4 former condos. Assessed Value was calculated by taking the assessed value of each of the 4 former condos & adding them together. Lot Size was determined on the DCOZ Official Zoning Map using the Measurement Tool = 42.5' W x 64.5' L. Buyer to verify all information. The property is being sold as a 4-unit apartment building in AS-IS condition. All 4 units have the same/similar finishes and fixtures. Unit #1 no longer has a window in the bedroom. The new building next door blocked the bedroom window for Unit #1. So, Unit #1 technically has a den and not a true BR. Kitchen & BR in Unit #1 could be flip flopped to make it a 1BR again.
Welcome to 249 Newcomb St. SE, an exceptional investment opportunity in Congress Heights. This four-unit building offers a multitude of benefits for both investors and first time home buyer. All four units are one bedroom and one bath with the potential to easily renovate to two bedroom and one bath units. Prospective investors will appreciate the solid rental history, with high occupancy rates and strong rental demand in the area. As units vacate and you upgrade to two bedroom units the rental income increase is significant. The consistently favorable cash flow and potential for future growth makes this property an enticing investment opportunity. Situated across from green space and blocks to the bustling St Elizabeth Campus. Don't miss out on this unique investment opportunity to live in one unit and collect income from three! Schedule your private showing now! Current rental rates : Unit 1 - $525, Unit 2 - $635 and Unit 4 - $525.
What an opportunity in the DC Hot property market , 4 Unit Garden style Building . Separately metered and has AC units in each unit and has Ceramic / Carpet also . One Large Units , have 2 Bedrooms each and the 4th units upstairs has 5 Bedrooms and 2 baths . **** CALL HELPFUL AGENT TO SCHEDULE APPOINTMENT ******please guve us up to 48 hours to see the Apartment.......
Welcome to the charming and sought-after Petworth neighborhood of Washington, D.C., where your dream home awaits. This newly listed property is a true gem, a uniquely designed all-brick duplex that exudes character and offers the perfect blend of modern comfort and classic architectural charm. Property Highlights: â¢Walk to Metro 24-hour notice to Show. Home is occupied - do not show without an appointment. Feel free to send clients to open houses. Please contact, Ted Coates, on all correspondence. Thanks for showing!
GREAT OPPORTUNITY! TWO - 3 UNIT BUILDINGS AVAILABLE FOR SALE (1010 & 1012 16TH ST. NE) Minutes from Capital Hill, shopping, dining, the H St Trolley, and Union Station to name a few. The owner's unit is the only unit available to tour. Owner may need a 30 day rent back. Please contact Listing Agent to schedule an appointment.
Large lot at the corner of 18th & I Street. There is a brick duplex apartment building on the property, but is being sold for the rather large lot on which it sits. If, however, the buyer chooses to renovate the current building, it is in poor condition, and would likely require a complete renovation.
Sold subject to an existing lease, but also sold as a likely future development site. 1736 H Street also for sale, and a modest discount is possible for the purchase of both. Subject to release. Units are unrenovated and, if the buyer chooses to renovate, rather than tear the building down, he or she should anticipate a full renovation.
Washington is located in District of Columbia. Washington, District of Columbia has a population of 672,391. Washington is less family-centric than the surrounding county with 23.67% of the households containing married families with children. The county average for households married with children is 23.67%.
The median household income in Washington, District of Columbia is $77,649. The median household income for the surrounding county is $77,649 compared to the national median of $57,652. The median age of people living in Washington is 33.9 years.
The average high temperature in July is 88.8 degrees, with an average low temperature in January of 27.5 degrees. The average rainfall is approximately 43.5 inches per year, with 13.3 inches of snow per year.
