Description
Attention investors and homebuyers! Listed under tax assessment value! This is a red-hot opportunity offering immediate income and exceptional value. The property was under contract two years ago for $200,000 more, but the seller's plans have changed, creating what may be one of the best multifamily investment opportunities currently available in Washington, D.C.This meticulously maintained four-unit building features four spacious 2-bedroom, 1-bathroom units. Two units are currently rented, and two units are available-providing a potential opportunity for an owner-occupant to purchase the entire four-unit property using qualifying residential financing. Buyers must confirm financing options and eligibility with their lender.Each unit features a living room, galley kitchen, full bathroom, hardwood floors, stove, refrigerator, garbage disposal, and an in-unit washer and dryer. Three units have central air conditioning, while one unit has window air conditioning. Each unit also has its own separate electrical service. Select units feature upgraded countertops and stainless-steel appliances. Existing leases will transfer to the purchaser.You don't need a crystal ball to recognize this property's exceptional appreciation potential. With four rentable two-bedroom units, existing rental income, owner-occupancy potential, estimated market rents of approximately $1,600-$1,800 per unit, an attractive purchase price, and continued investment throughout the surrounding area, this property offers a powerful combination of immediate income and long-term growth potential. The neighborhood is benefiting from numerous ongoing and planned government-supported improvement and revitalization projects. Instead of waiting decades for the area to develop, buyers can invest while meaningful improvements are already underway. The location, rental potential, and continued neighborhood investment make this an opportunity that is difficult to overlook. Conveniently located near Fort Chaplin Park and Fort Circle Park, minutes from the D.C.-Maryland line and major commuter routes, including East Capitol Street SE and Central Avenue SE. Less than one mile from both Benning Road Metro and Capitol Heights Metro. Live in one unit while generating income from the others, or add a well-positioned four-unit property to your investment portfolio. Opportunities like this are extremely difficult to find in Washington, D.C. Don't miss it!
Details
| MLS # | DCDC2280972 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1953 |
| Days On Site | 48 |
| Listing Provided By | Samson Properties | Dilyara Daminova |
Features
| SQ Feet | 2,368 |
|---|---|
| Basement | Y |
| Units | 4 |
| Zoning | RESIDENTIAL |
| Acreage | 0.09 |
Interior
| Cooling | Central A/C |
|---|---|
| Heating Yes / No | Yes |
| Heating | Heat Pump(s) |
Exterior
| Construction Materials | Brick |
|---|---|
| Foundation Details | Permanent |
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 4856 |
|---|
Area Information
| State | DC |
|---|---|
| County | WASHINGTON DC |
| City | WASHINGTON |
| Zip Code | 20019 |
| Area | WASHINGTON DC |
| School District | DISTRICT OF COLUMBIA PUBLIC SCHO |
| Listing VS Median (in 20019) | |
Price: $550,000 low | high Med: $290,000 sqft: 2,368 low | high Med: 2,016 $ / sqft: $232 low | high Med: $144 On site: 48 low | high Med: 63 | |
Market Activity 20019
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Learn More About This Property
| State | DC |
|---|---|
| County | WASHINGTON DC |
| City | WASHINGTON |
| Zip Code | 20019 |
| Area | WASHINGTON DC |
| School District | DISTRICT OF COLUMBIA PUBLIC SCHO |
| Listing VS Median (in 20019) | |
Price: $550,000 low | high Med: $290,000 sqft: 2,368 low | high Med: 2,016 $ / sqft: $232 low | high Med: $144 On site: 48 low | high Med: 63 | |
