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1212 16TH Street NE

WASHINGTON, DC 20002
  • $1,175,000
  • STATUS: Active Under Contract
  • ON SITE: 37 Days
  • ID#: DCDC2124978
Under Contract
UPDATED: 49 min ago
$1,175,000
  • 0
    BEDS
  • 0.07
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,640
    SQFT
  • $445
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1942
County:

School Ratings & Info

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.

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The MD Home Team - Re/Max Ikon. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-02-26T21:51:47.46.
www.themdhometeam.com/homes/146759428
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1212 16TH Street NE WASHINGTON, DC 20002

  • Price: $1,175,000
  • Status: Active Under Contract
  • On Site: 37 Days
  • Updated: 49 min ago
  • ID#: DCDC2124978
0
Beds
0
Baths
0
½ Baths
0.07
Acres
2,640
SQFT
$445
$/SQFT
1942
Built
Neighborhood:
Trinidad
County:
Washington
School District:
District Of Columbia Public Schools
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.
Exterior Features

Architectural Style Federal Construction Materials Brick Garage YN No Parking Features Fenced Parking Types On StreetOff Street Pool No Pool Property Condition Very Good Riparian Rights YN No Soil Types Urban Land-Sassafras-Chillum Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 2640 Basement Rear EntranceSump PumpOther Basement YN Yes Below Grade Finished Area 0 Below Grade Unfinished Area 320 Cooling Central A/C Fireplace YN No Heating Hot Water Heating YN Yes Single Room Units 0 Spa YN No Three Bedroom Units 0 Two Bedroom Units 4 Walls Ceilings Dry Wall

Property Features

Accessibility Features None Assessment Year 2022 Central Air YN Yes Cooling Fuel Natural Gas Existing Lease Type None Foundation Details Other Heating Fuel Natural Gas Historic YN No Hot Water Natural Gas Navigable Water YN N New Construction YN No Number Of Units Total 4 Original MLSNumber 802821182490 Ownership Interest Fee Simple Possession Settlement Property Sub Type Quadruplex Rent Control YN No Sale Type Standard Sewer Public Sewer Structure Design Type Interior Row/Townhouse Tax Annual Amount 5570.00 Tax Assessment Amount 714210.00 Tax Lot 820 Transportation Bus Stop less than 1 mile Vacation Rental YN No Water Source Public Year Built Effective 2017 Zoning RESIDENTIAL

Listing courtesy of Compass: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The MD Home Team - Re/Max Ikon. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-02-26T21:51:47.46.
 
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The MD Home Team - Re/Max Ikon
30 E. Padonia Road, Suite 206
Timonium MD, 21093