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

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