Property Attributes
- MLS#DCDC2125332
- TypeMulti-Family
- CountyWASHINGTON
- CityWashington
- Zip20018
- Style
- Year Built1943
- Taxes$ 5463
- Price$ 889,000
- Bedrooms4
- Full Bathrooms0
- Half Bathrooms0
- Lot Size3,485 SqFt
Data Source:
Bright MLS
Property Description
Opportunity Zone Property! Location! Location! Location!!! An unparalleled opportunity in one of Washington DCs Opportunity Zones! From the February 5, 2020 Washington Post article Brentwood is part of Washingtons Opportunity Zones program, a federal program that provides tax incentives for investments in new businesses and commercial projects in low-income communities. The program has attracted developers to the neighborhood. Now there are apartment buildings and condominiums. This multi-family, four-unit (One bed, One bath) property is located in a highly desirable neighborhood in the Brentwood section of town. Its proximity to public transportation adds to its appeal. Less than 15 min walk to the Rhode Island Metro Train Station. Near restaurants, retail, and parks. The 4 units in this building are in good, rentable condition, making it a great investment opportunity. The unfinished basement spanning the entire building has a ceiling height of 8 feet. All units are rentable as-is. The spacious backyard offers parking possibilities from the wide alley. Don't miss out on this incredible property. If For owner -occupied then can live in one unit and rent out the other three. Market rent for this 1 BD 1 BA between approx $1600-$1900 with a potential of higher. Comparable info: Same block, two similar buildings have been converted to condominiums. Very Beautiful Currently, property has two units vacant and two occupied. Building can be conveyed vacant or with tenants. Showings By appointment only. Call Listing Agent. Preferred : Standard Title (Kevin Anderson esq.)
Price History | |
---|---|
1/31/2024 | Listed $980,000 |
3/11/2024 | 10% - $889,000 |
General Features
Sewer | Public Sewer |
---|---|
Heating | Hot Water |
Cooling | None |
Utilities | Water Available,Sewer Available,Propane - Community,Electric Available |
Possession | Negotiable,Other |
Zoning | R-2 |
Pool Y/N | No Pool |
Architectural Style | Other |
Construction Materials | Brick |
Year Built | 1943 |
Property SubType | Quadruplex |
Tax Year | 2022 |
Percent Ownership | Fee Simple |
Cool Fuel | Electric |
Accessibility | Other |
County | WASHINGTON |
New Construction | No |
Property Type | Multi-Family |
Garage Y/N | No |
Water Access Y/N | No |
Other Structures | Above Grade,Below Grade |
Status | ACTIVE |
Directions | About 5 minutes drive from Rhode Island Ave Metro. Building is visible when on Downing Place. can park on street. |
ModificationTimestamp | 2024-03-16T23:58:31 |
City | WASHINGTON |
Buyer Agent Compensation | 1.5 |
Zoning Description | Residential Multi-family |
Total Units | 4 |
Lot Size Square Feet | 3692.00 |
Tax Assessed Value | 720470.0 |
Waterfront Y/N | No |
Street Name | DOWNING |
Tax Annual Amount | 5463.0 |
Home Warranty Y/N | No |
Structure Type | Interior Row/Townhouse |
One Bedroom Units Count | 4 |
NumberOfUnitsVacant | 2 |
Price Per Sq Ft | 341.92 |
Acceptable Financing | Cash,Conventional,Assumption,Contract,Seller Financing,Other |
Vacation Rental Y/N | No |
Total SQFT | 3322 |
Days on Market | 89 |
Standard Status | Active |
Year Built Source | Assessor |
Legal Subdivision | Brentwood |
Tax Lot | 44 |
Buyer Agent Compensation Type | % Of Gross |
Interior Features
Heating Fuel | Natural Gas |
---|---|
Hot Water | Natural Gas |
Furnished Units | None |
Heating Y/N | Yes |
Fireplace Y/N | No |
Street Suffix | PLACE |
Central Air Y/N | No |
LivingAreaSource | Assessor |
Exterior Features
Water Source | Public |
---|---|
Type of Parking | Other |
Foundation Details | Brick/Mortar,Slab |
Water View Y/N | No |
Lot Size Acres | 0.08 |
Lot Size Units | Square Feet |
Lot Size Source | Assessor |
Soil Types | Unknown |
Land Assessed Value | 326670.00 |
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