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Ram Bala

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

$ 1,200,000

Est. payment -/mo

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Active

325 V ST NE Washington, DC 20002

2,648 SqFt

UPDATED:

10/12/2024 02:15 AM

Key Details

Property Type Multi-Family, Townhouse

Sub Type Interior Row/Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 2,648 sqft

Price per Sqft $453

Subdivision Eckington

MLS Listing ID DCDC2157870

Style Federal

Abv Grd Liv Area 1,768

Originating Board BRIGHT

Year Built 1923

Annual Tax Amount $5,916

Tax Year 2023

Lot Size 1,401 Sqft

Acres 0.03

Property Description

**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.

Location

State DC

County Washington

Zoning RF-1

Interior

Interior Features 2nd Kitchen, Bathroom - Tub Shower, Built-Ins, Central Vacuum, Combination Dining/Living, Floor Plan - Traditional, Kitchen - Efficiency, Kitchen - Galley

Hot Water Electric

Heating Hot Water

Cooling Central A/C

Flooring Hardwood

Equipment Built-In Range, Cooktop, Dishwasher, Washer/Dryer Stacked

Fireplace N

Appliance Built-In Range, Cooktop, Dishwasher, Washer/Dryer Stacked

Heat Source Electric

Exterior

Utilities Available Cable TV, Cable TV Available, Electric Available, Natural Gas Available, Sewer Available, Water Available, Other

Waterfront N

Water Access N

Roof Type Unknown

Accessibility None

Parking Type On Street

Garage N

Building

Foundation Brick/Mortar, Pilings

Sewer Public Sewer, Public Septic

Water Public

Architectural Style Federal

Additional Building Above Grade, Below Grade

Structure Type Dry Wall

New Construction N

Schools

School District District Of Columbia Public Schools

Others

Tax ID 3563//0103

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Conventional, Cash, FHA

Listing Terms Conventional, Cash, FHA

Financing Conventional,Cash,FHA

Special Listing Condition Standard

Listed by Sabrina Kim • Keller Williams Chantilly Ventures, LLC

Ram Bala

Agent | License ID: 0225064126

+1(703) 403-5338

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Ram Bala

Ram Bala

325 V ST NE Washington, DC 20002

Key Details

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Exterior

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325 V ST NE