$760,000
$799,900
5.0%For more information regarding the value of a property, please contact us for a free consultation.
2,368 SqFt
SOLD DATE : 11/30/2023
Key Details
Sold Price $760,000
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 2,368 sqft
Price per Sqft $320
MLS Listing ID DCDC2109674
Sold Date 11/30/23
Style Colonial
Abv Grd Liv Area 2,368
Originating Board BRIGHT
Year Built 1942
Annual Tax Amount $6,040
Tax Year 2022
Lot Size 2,560 Sqft
Acres 0.06
Property Description
Investor/Developer Special! Discover an exceptional investment and development opportunity in the heart of Washington, DC. This 4-unit apartment building, strategically located within a mile of the vibrant H Street Corridor, presents a remarkable chance for investors and developers to capitalize on the city's thriving real estate market. With each unit offering one bedroom and one bathroom, this property holds immense potential to cater to the growing demand for urban living spaces. This property is a true gem for savvy investors and visionary developers seeking a promising venture. With its prime location and the potential for substantial rental income, this 4-unit apartment building is an attractive proposition for those looking to expand their real estate portfolio or make their mark on DC's dynamic property landscape. Positioned less than a mile from the renowned H Street Corridor, residents of this apartment building will enjoy the best of both worlds – a serene residential setting with quick access to the city's most vibrant dining, entertainment, and cultural hotspots. The H Street Corridor is known for its eclectic mix of restaurants, cafes, boutiques, and nightlife, offering a lifestyle that's both convenient and exciting. The property's location becomes even more enticing when considering the surrounding area's development trends. Within the immediate block, neighboring properties have been transformed into multi-unit condo units, demonstrating the demand for modern, upscale housing in this coveted locale. As the city continues to evolve and attract a diverse demographic, this 4-unit apartment building presents a timely opportunity to meet the demand for well-appointed, spacious living spaces. As an investor or developer, the possibilities are boundless. From a buy-and-hold strategy, benefiting from consistent rental income in a high-demand location, to a creative redevelopment project that aligns with the neighborhood's evolving aesthetic – this property serves as a canvas for your real estate aspirations.
Location
State DC
County Washington
Zoning RESIDENTIAL
Interior
Interior Features Floor Plan - Traditional, Kitchen - Galley, Tub Shower
Hot Water Natural Gas
Heating Hot Water
Cooling None
Flooring Hardwood
Equipment Refrigerator, Disposal, Range Hood
Fireplace N
Appliance Refrigerator, Disposal, Range Hood
Heat Source Natural Gas
Exterior
Waterfront N
Water Access N
View City
Roof Type Shingle
Accessibility Doors - Swing In
Parking Type On Street
Garage N
Building
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Colonial
Additional Building Above Grade, Below Grade
Structure Type Brick
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Tax ID 4494//0845
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional, FHA, VA
Listing Terms Cash, Conventional, FHA, VA
Financing Cash,Conventional,FHA,VA
Special Listing Condition Standard
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Bought with Abel M Gebremichael • Keller Williams Capital Properties
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "