Active
325 V St NE
Washington DC, 20002
$1,200,000
$453.17 per sqft
Active
1 Bed
2,648 sqft
Multi-family
Built in 1923
Discover a rare investment opportunity in the highly sought-after Eckington neighborhood of DC with this recently updated two-unit building (8 Bedrooms and 3 Full Baths Total). Featuring stunning hardwood floors and brand-new appliances, this property seamlessly blends classic charm with modern comfort. Strategically located within walking distance to the prestigious McKinley Tech High School, Howard University, and the lively Union Market, this building offers unbeatable convenience. Plus, it comes with an approved certificate of occupancy and is fully rent-ready, ensuring a smooth transition for investors or homeowners.
The numbers speak for themselves: proformas show a potential gross revenue of over $102,000 annually, delivering an impressive Cap Rate if fully rented. If you choose to occupy the upper unit and rent out the lower unit, you can still expect a solid $60,600 annually with a rental income of $ 5,050 per month (or more when the current tenants move out in January 2025). Whether you're looking to generate substantial passive income or live in one unit while renting out the other, this property offers endless possibilities for financial growth. Don't miss out on securing your future with this prime investment. Unit #1 (occupied) requires 48 hours to show, please contact LA with all showing requests.
DCDC2157870
MLSⓇ ID
September 10, 2024
Listed
September 17, 2024
Updated
Map
325 V St NE
Washington DC, 20002
Interior Features
Total Stories
3
Bedrooms
1
Interior Features
Central Vacuum
Appliances
Cooktop, Dishwasher, Washer, Electric Water Heater, Range
Floor Description
Hardwood
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Hot Water, Electric
Exterior/Building Features
Lot Size
0.03 Acres
Architectual Style
Federal
Sewer
Public Sewer
School Information
School District
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Other Property Details
Taxes
$5,916
Tax Frequency
Annually
Days on Market
7
Garage
No
Parking
On Street
View
No
County
WASHINGTON
Water Source
Public
Pool
No
Zoning
The Residential Flat (RF) zones are residential zones, which provide for areas developed primarily with row dwellings
Listing History
Date | Event | Price |
---|---|---|
9/11/2024 | Active | — |
Listed by Sabrina Kim, with Keller Williams Chantilly Ventures
Listing Contact: 7038155700
The IDX display contains information sourced from the Bright MLS, Inc. as of 9/17/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.
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Data last updated on 9/17/2024 at 9:34 PM UTC