Active
325 V St NE
Washington DC, 20002
$1,200,000
$453.17 per sqft
Active
3 Beds
2,648 sqft
Multi-family
Built in 1923
**Investment Opportunity in Eckington, DC**
Seize this rare chance to invest in the highly desirable Eckington neighborhood with this recently updated two-unit building, featuring a total of 8 bedrooms and 3 full baths. Boasting stunning hardwood floors and brand-new appliances, this property harmoniously blends classic charm with modern comfort.
Perfectly located within walking distance of McKinley Tech High School, Howard University, and the vibrant Union Market, this building offers exceptional convenience. It comes with an approved certificate of occupancy and is fully rent-ready, making it ideal for both investors and homeowners.
The financial potential is impressive, with proformas indicating a possible gross revenue of over $102,000 annually, providing an attractive cap rate when fully rented. If you decide to occupy the upper unit and rent out the lower unit, you can still anticipate a solid annual minimum rental income of $60,600, translating to $5,050 per month (with potential increases once current tenants vacate in January 2025).
Whether your goal is to generate significant passive income or to live in one unit while renting out the other, this property presents endless possibilities for financial growth. Don't miss your chance to secure a prime investment for your future.
Please note that Unit #1 is currently occupied and requires 48 hours' notice for showings. Contact the listing agent for all showing requests.
DCDC2157870
MLSⓇ ID
September 10, 2024
Listed
November 7, 2024
Updated
Map
325 V St NE
Washington DC, 20002
Interior Features
Total Stories
3
Bedrooms
3
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
32
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 Keller Williams Chantilly Ventures
Listing Contact: 7038155700
The IDX display contains information sourced from the Bright MLS, Inc. as of 11/7/2024. 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 11/7/2024 at 3:41 PM UTC