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Ram Bala

ram.bala@kw.com +1(703) 403-5338

$ 840,000

Est. payment -/mo

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Under Contract

1515 ISHERWOOD ST NE Washington, DC 20002

3,270 SqFt

UPDATED:

08/14/2024 10:02 AM

Key Details

Property Type Multi-Family, Townhouse

Sub Type Interior Row/Townhouse

Listing Status Under Contract

Purchase Type For Sale

Square Footage 3,270 sqft

Price per Sqft $256

Subdivision Kingman Park

MLS Listing ID DCDC2144866

Style Other,Traditional

Abv Grd Liv Area 3,270

Originating Board BRIGHT

Year Built 1937

Annual Tax Amount $13,941

Tax Year 2023

Lot Size 3,128 Sqft

Acres 0.07

Property Description

Nestled in the Old City 1 subdivision, this property enjoys the location near the vibrant H Street Corridor, Ivy City, and Union Market, offering residents both convenience and charm.

Spanning 3,270 square feet on a 0.07-acre parcel, the building comprises 2 two-bedroom/one-bath units, and 2 one-bedroom/one bath units, with two of the units being recently renovated. Recent updates include new flooring, two new water heaters, and an updated roof in 2021. The property also benefits from ample street parking, adding to its attractiveness for tenants.

Currently, two units are occupied by voucher tenants, with the DC government paying $2,637 per month for each unit. The owner covers the utilities. The remaining units present an excellent opportunity for immediate lease-up, projecting a potential CAP rate of over 10% once fully occupied!

Situated at 1515 Isherwood St NE, Washington, DC 20002, the property boasts excellent connectivity. The closest metro stations, Stadium-Armory (Blue, Orange, and Silver lines) and Minnesota Ave (Orange line), along with multiple WMATA bus routes, provide seamless access throughout the city. The neighborhood is pedestrian-friendly, with well-maintained sidewalks and crosswalks facilitating easy walking access to nearby amenities and transit options.

This offering presents a rare chance to acquire a well-located, updated property with strong income potential in a thriving Washington, DC neighborhood.

This is a SHORT SALE. All offers are contingent upon third-party approval from the lender. Please submit your offers by Friday, June 21st or before.

For more information and to schedule a showing, please contact the showing contact only!

Location

State DC

County Washington

Zoning RF-1

Rooms

Basement Outside Entrance, Partial

Interior

Hot Water Natural Gas

Heating Hot Water

Cooling Window Unit(s), Central A/C

Flooring Ceramic Tile, Carpet, Vinyl

Equipment Oven/Range - Gas, Refrigerator

Fireplace N

Window Features Double Hung,Insulated

Appliance Oven/Range - Gas, Refrigerator

Heat Source Natural Gas

Exterior

Waterfront N

Water Access N

Roof Type Tar/Gravel

Accessibility 2+ Access Exits

Parking Type On Street

Garage N

Building

Lot Description Front Yard

Foundation Crawl Space

Sewer Public Sewer

Water Public

Architectural Style Other, Traditional

Additional Building Above Grade, Below Grade

Structure Type Plaster Walls,Dry Wall

New Construction N

Schools

School District District Of Columbia Public Schools

Others

Tax ID 4544//0177

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash, Conventional, FHA, Private, VA, Other

Listing Terms Cash, Conventional, FHA, Private, VA, Other

Financing Cash,Conventional,FHA,Private,VA,Other

Special Listing Condition Short Sale

Listed by Brian C Hosey • Marcus & Millichap Real Estate

Ram Bala

Agent | License ID: 0225064126

+1(703) 403-5338

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Ram Bala

Ram Bala

1515 ISHERWOOD ST NE Washington, DC 20002

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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1515 ISHERWOOD ST NE