Address
1631 A Street SE, Washington, DC
Price
$ 1,650,000
Property Attributes
- MLS#DCDC2126114
- TypeMulti-Family
- CountyWASHINGTON
- CityWashington
- Zip20003
- Style
- Year Built1941
- Taxes$ 9607
- Price$ 1,650,000
- Bedrooms6
- Full Bathrooms0
- Half Bathrooms0
- Lot Size2,178 SqFt
Data Source:
Bright MLS
Property Description
We are offering a rare opportunity to add a turnkey 4 unit apartment building to your portfolio. This is a perfect location & space for an owner to live in a spacious unit, and have 3 rentals paying the mortgage. Location: Highly sought-after Capitol Hill East neighborhood between Lincoln Park and RFK Stadium. Building is 2 blocks from Stadium Armory Metro (Orange, Blue, and Silver Lines) and the new 19th Street shops and restaurants. Less than 5 minutes to I-295, Eastern Market, and H Street Corridor. Has a Walk Score of 80/100 and a Bike Score of 95/100. Property: Corner lot features lush landscaping and beautiful large flagstone patio with no grass to maintain. Property includes vacant lot/space adjacent to building. Check with zoning to see what can be developed there. Building: Solid 1940 construction all brick with excellent pointing with strongly accented cement quoin stone. Flat graded leak-free roof with interior access. Large new windows installed 2016 providing excellent natural light on 3 sides of each unit. Well-decorated masonry construction center hall with carpeted stairs and floors. Dry basement divided into two spaces with 9 windows installed 2016. Large common basement area features polished concrete floor, dedicated secure storage units, and washers and dryers. Large owner area features excellent storage with separate supply room. Basement also includes 5 individual water heaters one for each unit and one for laundry. Expansion possibilities include third floor addition, basement apartment, basement storage rental (there is a separate entrance), and vacant lot for potential development (perfect for a prefabricated tiny house, but check with Zoning). Units: The building has 2 one-bedroom units and 2 two-bedroom units. Three units are currently (1/23/24) occupied. Each well-maintained apartment has hardwood living room floors, carpeted bedrooms, and tile kitchen floors with custom light fixtures. All kitchens feature ample granite countertops, cherry cabinets with excellent storage, and quality appliances including refrigerators, gas ranges, built-in microwave ovens, and dishwashers. Ceiling fan light fixtures in each bedroom. Each unit is assessed for condition, immaculately cleaned, and completely painted between occupancies. Building thoroughly inspected by DCRA (public record) May 2022. These are luxurious units that rent fast, all feature either stainless steel appliances or sleek black ones, some have quiet Bosch dishwashers. Unit Special Features: Unit 1 (owner unit until 2022): Stainless steel appliances including Bosch dishwasher, 2021 bathroom with large walk in glass shower. New bedroom carpets. Unit 2 2023 bathroom with new tub and contemporary bathroom tile. Unit 3 new stainless refrigerator and Bosch dishwasher. New bedroom carpets. Income: Current monthly rents reflect owners interest in providing high quality housing. Zillow rental estimates for units in 20003: Unit 1 - $3512 Unit 2 - $2375 Unit 3 - $3512 Unit 4 - $2375 The roof has potential for a 22 Kw solar system on the roof, which could generate $8000 per year in DC SRECs ($400 x 22 KwH). This does not include the potential money saved on generating electricity. Expenses: Electricity and gas are separately metered and paid by tenants; current owner pays electric and gas for common areas. Each tenant pays owner $25 per month for water. Tenants are responsible for internet. Current owner pays for private trash collection.
| Price History | |
|---|---|
| 1/26/2024 | Listed $1,650,000 |
General Features
| Interior Features | Carpet,Ceiling Fan(s),Combination Kitchen/Living,Entry Level Bedroom,Tub Shower,Bar,Kitchen - Galley,Kitchen - Efficiency,Kitchen - Gourmet,Window Treatments |
|---|---|
| Sewer | Public Sewer |
| Heating | Hot Water |
| Cooling | Central A/C |
| Possession | 90-120 Days CD,181-365 Days |
| Roof | Unknown |
| Appliances | Built-In Microwave,Dishwasher,Disposal,Oven/Range - Gas,Range Hood,Water Heater |
| Exterior Features | Extensive Hardscape,Sidewalks |
| Zoning | RF-1 |
| Pool Y/N | No Pool |
| Patio/Porch Features | Patio(s) |
| Architectural Style | Other |
| Security Features | Main Entrance Lock,Security System |
| Construction Materials | Brick |
| Exclusions | Leased washers and dryers,but they can be leased by new owner(s). |
| Year Built | 1941 |
| Property SubType | Quadruplex |
| Tax Year | 2023 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Electric |
| OwnerPays | Trash Collection,Water |
| Accessibility | None |
| County | WASHINGTON |
| New Construction | No |
| Property Type | Multi-Family |
| Garage Y/N | No |
| Water Access Y/N | No |
| Other Structures | Above Grade,Below Grade |
| Transportation | Airport less than 10 miles,Bus Stop less than 1 mile,Metro/Subway Station less than 1 mile |
| Total Rooms | 19 |
| Status | ACTIVE |
| Directions | West on East Capitol Street to 17th Street SE,turn left,building is at corner of 17th & A St SE |
| ModificationTimestamp | 2024-02-27T13:47:46 |
| City | WASHINGTON |
| Buyer Agent Compensation | 2 |
| Disclosures | Lead Based Paint - Federal,Lead Based Paint - State,Prop Disclaimer,Prop Disclosure |
| Zoning Description | A building or structure existing before May 12,1958 in the RF-1 zone may be used for more than 2 dwelling units. |
| Total Units | 4 |
| Lot Size Square Feet | 2000.00 |
| Tax Assessed Value | 1154550.0 |
| Waterfront Y/N | No |
| Number of Units Leased | 3 |
| Street Name | A |
| Tax Annual Amount | 9607.22 |
| Home Warranty Y/N | No |
| Property Condition | Excellent |
| Two Bedroom | 2 |
| Structure Type | Detached |
| One Bedroom Units Count | 2 |
| NumberOfUnitsVacant | 2 |
| Price Per Sq Ft | 591.4 |
| Acceptable Financing | Cash,Conventional,VA,Private,Negotiable |
| Rent Control Y/N | No |
| Vacation Rental Y/N | No |
| Virtual Tour | https://youtu.be/PT4m-WyJwV0 |
| Total SQFT | 4185 |
| Days on Market | 87 |
| Lease Type | Yearly |
| Standard Status | Active |
| Year Built Source | Assessor |
| Legal Subdivision | Old City 1 |
| Buyer Agent Compensation Type | % Of Gross |
| Association Recreation Fee | No |
Interior Features
| Heating Fuel | Natural Gas |
|---|---|
| Basement | Connecting Stairway,Daylight,Partial,Full,Interior Access,Outside Entrance,Poured Concrete,Rear Entrance,Shelving,Windows |
| Flooring | Hardwood,Fully Carpeted,Concrete,Wood |
| Hot Water | Natural Gas |
| Total Stories | 3 |
| Furnished Units | None |
| Basement (Y/N) | Yes |
| Heating Y/N | Yes |
| Window Features | Double Pane |
| Fireplace Y/N | No |
| Street Suffix | STREET |
| Central Air Y/N | Yes |
| LivingAreaSource | Assessor |
Exterior Features
| Lot Features | Corner,Landscaping,SideYard(s) |
|---|---|
| Water Source | Public |
| Type of Parking | On Street |
| Foundation Details | Slab |
| Spa | No |
| Water View Y/N | No |
| Lot Size Acres | 0.05 |
| Lot Size Units | Square Feet |
| Lot Size Source | Assessor |
| Soil Types | Urban Land-Beltsville-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
Property vs Multi-Family Average in 20003
Price
Taxes
Visits
Year Built
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