Property Attributes
- MLS#DCDC2137154
- TypeMulti-Family
- CountyWASHINGTON
- CityWashington
- NeighborhoodTrinidad
- Zip20002
- StyleFederal
- Year Built1942
- Taxes$ 5570
- Price$ 1,099,000
- Bedrooms8
- Full Bathrooms0
- Half Bathrooms0
- Lot Size3,049 SqFt
Data Source:
Bright MLS
Property Description
We are proud to present a rare investment opportunity with this fully vacant turn-key multi-family building, recently renovated and ready for immediate move-in. This property is ideal for a variety of investment strategies. Option 1: Buy as a primary residence, live in one unit, and rent out the rest. Option 2: Buy & hold, and rent out all four units at a good Cap Rate. All units are separately metered with their own Certificate of Occupancy. The Voucher Assistance Program pays $1680 per unit. Non-Voucher Market rent is $1500 per unit. Option 3: Purchase and redevelop as a condo conversion. There is room to build up, and allow for two-car parking in the back. The location is great, and in close proximity to new developments, Union Market, Gallaudet University, The National Arboretum, KIPP Academy, H Street Corridor, and Capitol Hill. The street is quiet and lined with mostly renovated and redeveloped homes and apartments. Off-Street Parking is possible.
Price History | |
---|---|
4/15/2024 | Listed $1,099,000 |
General Features
Sewer | Public Sewer |
---|---|
Heating | Forced Air |
Cooling | Central A/C |
Utilities | Natural Gas Available,Water Available,Electric Available |
Possession | Settlement |
Roof | Flat |
Appliances | Dishwasher,Disposal,Washer,Dryer,Refrigerator,Oven/Range - Gas |
Zoning | RESIDENTIAL |
Pool Y/N | No Pool |
Architectural Style | Federal |
Construction Materials | Brick |
Year Built | 1942 |
Property SubType | Quadruplex |
Tax Year | 2022 |
Percent Ownership | Fee Simple |
Cool Fuel | Natural Gas |
Accessibility | Other |
County | WASHINGTON |
New Construction | No |
Property Type | Multi-Family |
Subdivision Name | TRINIDAD |
Garage Y/N | No |
Water Access Y/N | No |
Other Structures | Above Grade,Below Grade |
Transportation | Bus Stop less than 1 mile |
Status | ACTIVE |
Directions | From Mount Olivet Rd NE,make a Right onto Holbrook St NE,make a Left onto Meigs Pl NE,then Left onto 16th St NE. |
ModificationTimestamp | 2024-04-21T08:41:14 |
City | WASHINGTON |
Buyer Agent Compensation | 2.5 |
Disclosures | Lead Based Paint - Federal,Lead Based Paint - State,Prop Disclosure |
Total Units | 4 |
Lot Size Square Feet | 3041.00 |
Tax Assessed Value | 714210.0 |
Waterfront Y/N | No |
Street Name | 16TH |
Tax Annual Amount | 5570.0 |
Home Warranty Y/N | No |
Property Condition | Very Good |
Two Bedroom | 4 |
Structure Type | Interior Row/Townhouse |
Price Per Sq Ft | 416.29 |
Rent Control Y/N | No |
Vacation Rental Y/N | No |
Total SQFT | 2960 |
Days on Market | 16 |
Lease Type | None |
Standard Status | Active |
Year Built Source | Assessor |
Legal Subdivision | Trinidad |
Buyer Agent Compensation Type | % Of Gross |
Association Recreation Fee | No |
Interior Features
Heating Fuel | Natural Gas |
---|---|
Basement | Rear Entrance,Sump Pump,Other |
Flooring | Laminated |
Hot Water | Natural Gas |
Basement (Y/N) | Yes |
Heating Y/N | Yes |
Fireplace Y/N | No |
Street Suffix | STREET |
Central Air Y/N | Yes |
LivingAreaSource | Assessor |
Exterior Features
Parking Features | Fenced |
---|---|
Water Source | Public |
Type of Parking | On Street,Off Street |
Foundation Details | Other |
Spa | No |
Water View Y/N | No |
Lot Size Acres | 0.07 |
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