Views
Address
1101 P Street NW, Washington, DC
Price
$ 2,595,000
Property Attributes
- MLS#DCDC2130116
- TypeContingent
- CountyWASHINGTON
- CityWashington
- NeighborhoodLogan Circle
- Zip20005
- StyleVictorian
- Year Built1900
- Taxes$ 11797
- Price$ 2,595,000
- Bedrooms7
- Full Bathrooms0
- Half Bathrooms0
- Lot Size1,742 SqFt
Data Source:
Bright MLS
Property Description
Prime corner location 6-unit rental in excellent condition and just 1.5 blocks from Logan Circle in Washington DC. Highly desirable and easy to rent, this investment property is ready to add to your portfolio. Its condition and location make it an ideal investment capable of commanding above market rents. Currently configured into five 1BRs and a massive 2BR, the building features 6,060 sf of MU-4 (mixed use) zoning. Currently, 5 units are operated under a corporate housing model that can be continued or transitioned into yearly leases after the sale. One unit is under current lease that runs through April 2024. It has a two-car garage and driveway parking for two additional cars. Fully renovated in 2008, the units are outfitted with solid cherry hardwood floors, tall ceilings with recessed lights, and travertine marble baths with tubs and glass showers. the kitchens vary in size, but most include white quartz counters, stainless steel appliances, dishwashers and breakfast bars. Each unit has its own front loading washer/dryer. Heating and AC are electric heat pumps and the cooking fuel is gas. There are seven electrical meters including one for each unit and one house meter. Each unit has a 200 amp service and has been fully upgraded. Originally built in 1900, the building is historic and includes a L'Enfant faade easement. The front entry is grand with wood and glass french doors topped with a decorative leaded transom. The front and side yards are low maintenance stone and there are crepe myrtle trees all around. Unit B is a huge and bright 1BR/1.5BA in the basement with windows all around and its own separate entrance.. Unit 1F is a 1,400+ sf 2BR/2.5BA with tall ceilings, its own fireplace, a gourmet kitchen with a sub zero fridge and massive bedrooms, its own rear balcony. Unit 2F is a 1BR/1BA in the front with a large bay window and ample southern light and a stylish kitchen. Unit 2R is a 1BR/1BA with multiple exposures, a large bedroom, a quartz countered wrap-around kitchen and large entryway with multiple closets. Unit 3F is a 1BR/1BA on the top floor set into the mansard roof with a separate kitchen, big bedroom, a curved wall and a marble bath with glass shower. Unit 3R is a top floor 1BR w/sleek kitchen, large bedroom, great views and plenty of storage. *** Close to metro, bus lines, Whole Foods, bars, restaurants, yoga and fitness studios, downtown DC and more. 14th St, NW is a 5 minute walk. ***
| Price History | |
|---|---|
| 2/28/2024 | Listed $2,595,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Heat Pump - Electric BackUp |
| Cooling | Central A/C |
| Possession | 31-60 Days CD |
| Zoning | MU-4 |
| Garage Spaces | 2.00 |
| Pool Y/N | No Pool |
| Architectural Style | Victorian |
| Construction Materials | Brick |
| Year Built | 1900 |
| Property SubType | Other |
| Tax Year | 2022 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Electric |
| Accessibility | Other |
| County | WASHINGTON |
| Net Operating Income | 182104.00 |
| Operating Expense | 30896.00 |
| New Construction | No |
| Property Type | Multi-Family |
| Subdivision Name | LOGAN CIRCLE |
| Garage Y/N | Yes |
| Water Access Y/N | No |
| Other Structures | Above Grade,Below Grade |
| Status | ACTIVE UNDER CONTRACT |
| Directions | Just 1.5 blocks east of Logan Circle on the corner. |
| ModificationTimestamp | 2024-04-02T14:05:51 |
| City | WASHINGTON |
| Buyer Agent Compensation | 2.5 |
| Zoning Description | Mixed Use Permitted |
| Total Units | 4 |
| Lot Size Square Feet | 1583.00 |
| Tax Assessed Value | 1471470.0 |
| Waterfront Y/N | No |
| Number of Units Leased | 1 |
| Street Name | P |
| Tax Annual Amount | 11797.0 |
| Home Warranty Y/N | No |
| Property Condition | Excellent |
| Two Bedroom | 1 |
| Structure Type | End of Row/Townhouse |
| One Bedroom Units Count | 5 |
| NumberOfUnitsVacant | 5 |
| Price Per Sq Ft | 593.82 |
| Historic Y/N | Yes |
| Rent Control Y/N | Yes |
| Vacation Rental Y/N | No |
| Virtual Tour | https://homevisit.view.property/public/vtour/display/2216575?a=1&pws=1&nodesign=1 |
| Total SQFT | 5788 |
| Days on Market | 34 |
| Lease Type | Month to Month |
| Standard Status | Active Under Contract |
| Year Built Source | Assessor |
| Legal Subdivision | Old City 2 |
| Tax Lot | 3 |
| Total Actual Rent | 213000.00 |
| Cap Rate | 6.75 |
| Buyer Agent Compensation Type | % Of Gross |
Interior Features
| Heating Fuel | Electric |
|---|---|
| Flooring | Hardwood |
| Total Fireplaces | 2 |
| Hot Water | Natural Gas,Instant Hot Water,Electric |
| Total Stories | 4 |
| Furnished Units | Some |
| Heating Y/N | Yes |
| Fireplace Y/N | Yes |
| Street Suffix | STREET |
| Central Air Y/N | Yes |
| LivingAreaSource | Estimated |
Exterior Features
| Water Source | Public |
|---|---|
| Total Parking Spaces | 4 |
| Garage Features | Basement Garage |
| Type of Parking | Parking Garage,Driveway |
| Foundation Details | Block |
| Water View Y/N | No |
| Lot Size Acres | 0.04 |
| Lot Size Units | Square Feet |
| Lot Size Source | Assessor |
| Soil Types | Urban Land-Sassafras-Chillum |
| Land Assessed Value | 478860.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| Parking Garage - # of Spaces | 2 |
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 Contingent Average in 20005
Price
Taxes
Visits
Year Built
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