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2308 Rhode Island Avenue NE

WASHINGTON, DC 20018
  • $925,000
  • STATUS: Active
  • ON SITE: 98 Days
  • ID#: DCDC2041132
UPDATED: 73 min ago
$925,000
  • 0
    BEDS
  • 0.05
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1929
County:

School Ratings & Info

Description

Priced to sell ahead of the Federal Reserve Board meeting. Welcome to the Rhode Island Ave business corridor. The building is 4400 Sq Ft. Zoned MU-4 with an open-concept in the heart of the Woodridge neighborhood. Bring your vision and your best offer. The property is being sold as- is. The property is fully marketable with a 2.5 FAR (3.0 IZ), the asset sits on a lot roughly 2200 Sq Ft. Rental income for the asset on average is $35/per sq foot trading on average at a 7.0% CAP rate. Please bring your vision and your best and final offer. Seller will review and accept offers as they are presented.

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©2022 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: 2022-07-01T07:54:37.073.
www.themdhometeam.com/homes/127013136
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2308 Rhode Island Avenue NE WASHINGTON, DC 20018

  • Price: $925,000
  • Status: Active
  • On Site: 98 Days
  • Updated: 73 min ago
  • ID#: DCDC2041132
0
Beds
0
Baths
0
½ Baths
0.05
Acres
1929
Built
Neighborhood:
Woodridge
County:
Washington
School District:
District Of Columbia Public Schools
Property Description
Priced to sell ahead of the Federal Reserve Board meeting. Welcome to the Rhode Island Ave business corridor. The building is 4400 Sq Ft. Zoned MU-4 with an open-concept in the heart of the Woodridge neighborhood. Bring your vision and your best offer. The property is being sold as- is. The property is fully marketable with a 2.5 FAR (3.0 IZ), the asset sits on a lot roughly 2200 Sq Ft. Rental income for the asset on average is $35/per sq foot trading on average at a 7.0% CAP rate. Please bring your vision and your best and final offer. Seller will review and accept offers as they are presented.
Exterior Features

Construction Materials Brick Garage YN No Location Type Downtown Parking Types On Street Property Condition Average Riparian Rights YN No Soil Types Unknown View Street Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 4400.00 Cooling Central A/C Heating Central Heating YN Yes Inclusions All items Convey Net Square Feet 6534.00 Security Features 24 Hour Security

Property Features

Acceptable Financing ConventionalCashFha 203(B)Fha Accessibility Features None Assessment Year 2020 Business Type WarehouseOther Central Air YN Yes Cooling Fuel Electric Cross Street South Dakota Ave Ne & Rhode Island Ave Ne Heating Fuel Electric Hot Water Electric Navigable Water YN N Net Operating Income 60000.00 New Construction YN No Operating Expense 14400.00 Operating Expense Includes ElectricInsuranceManagement FeesPest ControlRepair/MaintenanceTrash Original MLSNumber 801415346184 Owner Pays Management Ownership Interest Fee Simple Possession Immediate Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 7953.00 Tax Assessment Amount 477910.00 Tax Lot 18 Vacation Rental YN No Water Source Public Year Built Effective 2021 Zoning Mu4

Listing courtesy of G&G Group Llc.


©2022 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: 2022-07-01T07:54:37.073.
 
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