Price Reduction
Address
414 Oklahoma Avenue NE, Washington, DC
Price
$ 774,900
Property Attributes
- MLS#DCDC2134006
- TypeMulti-Family
- CountyWASHINGTON
- CityWashington
- Zip20002
- StyleDwelling with Rental
- Year Built1945
- Taxes$ 5831
- Price$ 774,900
- Bedrooms2
- Full Bathrooms0
- Half Bathrooms0
- Lot Size0.02 Acres
Data Source:
Bright MLS
Property Description
This is a rare opportunity to own a well-maintained duplex (with an assumable loan) in the heart of Kingman Park, complete with tenants generating over $60,000/yr in rental income. Both units are currently leased using the voucher program, providing immediate cash flow for the savvy investor. Rented at $2,648/unit, each unit features 1 bedroom, 1 bathroom with an in-unit washer/dryer, H/W floors, and ample storage space. Conveniently located directly across from RFK Stadium, this property offers a prime location with strong rental demand. Don't miss out on this incredible investment opportunity! Photos are from prior sale in 2017. Both units are currently occupied month-to-month. All tenants are current on payments. T-12 available upon request.
| Price History | |
|---|---|
| 3/25/2024 | Listed $799,900 |
| 5/6/2024 | 4% - $774,900 |
General Features
| Sewer | Approved System |
|---|---|
| Heating | 90% Forced Air |
| Cooling | None |
| Utilities | Electric Available,Natural Gas Available |
| Possession | 0-30 Days CD |
| Appliances | Disposal,Washer,Refrigerator,Oven/Range - Gas |
| Zoning | R1 |
| Pool Y/N | No Pool |
| Architectural Style | Dwelling with Rental |
| Construction Materials | Brick |
| Year Built | 1945 |
| Property SubType | Duplex |
| Tax Year | 2022 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Electric |
| Gross Income | 63552.00 |
| Accessibility | 32 + wide Doors |
| County | WASHINGTON |
| Net Operating Income | 53330.00 |
| Operating Expense | 10222.00 |
| New Construction | No |
| Property Type | Multi-Family |
| Garage Y/N | No |
| Water Access Y/N | No |
| Other Structures | Above Grade,Below Grade |
| Total Rooms | 4 |
| Status | ACTIVE |
| Directions | Oklahoma Ave,Across from RFK |
| ModificationTimestamp | 2024-05-06T14:23:54 |
| City | WASHINGTON |
| Buyer Agent Compensation | 2.5 |
| Total Units | 2 |
| Lot Size Square Feet | 892.00 |
| Tax Assessed Value | 726870.0 |
| Waterfront Y/N | No |
| Number of Units Leased | 2 |
| Street Name | OKLAHOMA |
| Tax Annual Amount | 5831.0 |
| Structure Type | Other |
| One Bedroom Units Count | 2 |
| Price Per Sq Ft | 691.88 |
| Avg. Electric Per Month | 99.0 |
| Avg. Gas Per Month | 83.29 |
| Vacation Rental Y/N | No |
| Avg. Water Per Month | 176.0 |
| Total SQFT | 1120 |
| Days on Market | 43 |
| Lease Type | Ground Lease,Month to Month |
| Standard Status | Active |
| Year Built Source | Assessor |
| Legal Subdivision | Old City 1 |
| Tax Lot | 14 |
| Total Actual Rent | 63552.00 |
| Cap Rate | 6.70 |
| Buyer Agent Compensation Type | % Of Gross |
Interior Features
| Heating Fuel | Natural Gas |
|---|---|
| Hot Water | Natural Gas |
| Basement (Y/N) | No |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Street Suffix | AVENUE |
| Central Air Y/N | No |
| LivingAreaSource | Assessor |
Exterior Features
| Water Source | Private,Private/Community Water |
|---|---|
| Type of Parking | On Street |
| Water View Y/N | No |
| Lot Size Acres | 0.02 |
| Lot Size Units | Square Feet |
| Lot Size Source | Assessor |
| Soil Types | Chillum-Urban Land Complex |
| Land Assessed Value | 369900.00 |
| 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
Property vs Multi-Family Average in 20002
Price
Taxes
Visits
Year Built
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