Property Attributes
- MLS#DCDC2133962
- TypeMulti-Family
- CountyWASHINGTON
- CityWashington
- NeighborhoodBrookland
- Zip20017
- Style
- Year Built1941
- Taxes$ 7048
- Price$ 1,250,000
- Bedrooms4
- Full Bathrooms0
- Half Bathrooms0
- Lot Size3,920 SqFt
Data Source:
Bright MLS
Property Description
What an exciting opportunity for investors in the vibrant Brookland community! Condo Conversion Potential: With enough space to expand upwards and create parking, this property offers investors the possibility of a lucrative condo conversion project. This could add significant value to the property and attract buyers looking for individual units in the popular Brookland area. Owner-Occupied Tenants: Having owner-occupied tenants living in one unit while renting out the other three provides stability and potential income streams for investors. This mixed-use of the property maximizes its earning potential while also ensuring some level of oversight and care for the units. The property's location in the Brookland community offers residents access to a variety of amenities and attractions. From the 8th St. Arts Walk and Dance Place to popular spots like Brookland Pint and the Metropolitan Branch Trail, there's plenty to explore and enjoy nearby. Additionally, being close to Catholic University and Brookland Metro makes commuting and accessing educational institutions convenient. Bike-Friendly Environment: The presence of bike-friendly streets in the area adds to the appeal for residents who prefer alternative modes of transportation. This aligns with the community's focus on sustainability and active living. Overall, this property presents an excellent investment opportunity in a desirable and growing neighborhood. With its potential for condo conversion, mixed-use tenancy, and proximity to amenities and transportation, it's sure to attract investors looking to capitalize on the dynamic Brookland market.
Price History | |
---|---|
4/1/2024 | Listed $1,200,000 |
General Features
Interior Features | Floor Plan - Traditional |
---|---|
Sewer | Public Sewer |
Heating | Hot Water |
Cooling | None |
Utilities | Electric Available,Natural Gas Available |
Possession | Negotiable |
Appliances | Refrigerator,Stove |
Zoning | RF-1 |
Pool Y/N | No Pool |
Architectural Style | Other |
Security Features | Smoke Detector,Carbon Monoxide Detector(s) |
Construction Materials | Brick |
Year Built | 1941 |
Property SubType | Quadruplex |
Tax Year | 2024 |
Percent Ownership | Fee Simple |
Cool Fuel | None |
Accessibility | None |
County | WASHINGTON |
New Construction | No |
Property Type | Multi-Family |
Subdivision Name | BROOKLAND |
Garage Y/N | No |
Water Access Y/N | No |
Other Structures | Above Grade,Below Grade |
Transportation | Bus Stop less than 1 mile,Metro/Subway Station less than 1 mile |
Status | ACTIVE |
Directions | Michigan Ave to 8th |
ModificationTimestamp | 2024-04-26T16:09:35 |
City | WASHINGTON |
Buyer Agent Compensation | 2.5 |
Disclosures | Lead Based Paint - Federal,Lead Based Paint - State |
Total Units | 4 |
Lot Size Square Feet | 3864.00 |
Tax Assessed Value | 855940.0 |
Waterfront Y/N | No |
Number of Units Leased | 1 |
Street Name | 8TH |
Tax Annual Amount | 7048.64 |
Home Warranty Y/N | No |
Property Condition | Good |
Structure Type | Other |
One Bedroom Units Count | 4 |
NumberOfUnitsVacant | 3 |
Price Per Sq Ft | 396.57 |
Acceptable Financing | Cash,Bank Portfolio,Conventional,FHA 203(k) |
Historic Y/N | No |
Rent Control Y/N | Yes |
Vacation Rental Y/N | No |
Total SQFT | 3152 |
Days on Market | 30 |
Lease Type | Month to Month |
Standard Status | Active |
Year Built Source | Assessor |
Legal Subdivision | Brookland |
Buyer Agent Compensation Type | % Of Gross |
Association Recreation Fee | No |
Interior Features
Heating Fuel | Natural Gas |
---|---|
Flooring | Ceramic Tile,Hardwood,Laminated |
Hot Water | Other |
Basement (Y/N) | No |
Heating Y/N | Yes |
Fireplace Y/N | No |
Street Suffix | STREET |
Central Air Y/N | No |
LivingAreaSource | Assessor |
Exterior Features
Lot Features | Corner,Rear Yard |
---|---|
Water Source | Public |
Type of Parking | On Street,Alley |
Spa | No |
Water View Y/N | No |
Lot Size Acres | 0.09 |
Lot Size Units | Square Feet |
Lot Size Source | Assessor |
Soil Types | Urban Land-Sassafras-Chillum |
Navigable Water Y/N | No |
Water Oriented Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool