325 V ST NE Open House Save Request In-Person Tour Request Virtual Tour
Washington,DC 20002
OPEN HOUSE
Sun Oct 20, 11:30am - 1:30pm
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