UPDATED:
Key Details
Property Type Multi-Family, Townhouse
Sub Type Interior Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 3,244 sqft
Price per Sqft $267
Subdivision Trinidad
MLS Listing ID DCDC2270584
Style Federal
Abv Grd Liv Area 3,244
Year Built 1920
Annual Tax Amount $7,234
Tax Year 2025
Lot Size 3,666 Sqft
Acres 0.08
Property Sub-Type Interior Row/Townhouse
Source BRIGHT
Property Description
INVESTMENT OPORTUNITY* !!!
New architectural drawings available.
Future development potential*:
• 4 unit condominium each unit 3 bed, 2.5 bath: Total SF: 8133 SF
○ Unit A: 1860 SF @ 360 $/SF= 669,600.00
○ Unit B: 1869 SF @ 360 $/SF= 672,840.00
○ Unit C: 1980 SF @ 410 $/SF= 811,800.00
○ Unit D: 1994 SF @ 410 $/SF= 817,540.00
○ Common Area: 431 SF
• Total Gross proceeds: 2,971,780.00
○ Less initial investment @ 849,000.00
○ Less carrying cost, construction cost, interest, ect @ 900,000.00
• Total potential net PROFIT*: 1,222,780
Current status of the building :
• 4 units , FULLY occupied, all of them 1 bed +1 bath+ den
• Total building Size 3244 SF**
• Currently rented @:
○ Apt 1: 1375,- + utilities, landlord pays trash/water/sewer
○ Apt 2: 1400,- + utilities, landlord pays trash/water/sewer
○ Apt 3: 1400,- + utilities, landlord pays trash/water/sewer
○ Apt 4 1425,- + utilities, landlord pays trash/water/sewer
• Annual Gross income: 66,900,-
• Expenses (estimated) : water, sewer, taxes, insurance, ect : 15369,-
• NOI (net operating income) : 51,531
• Current Cap rate: 4.6%
STRICTLY SOLD AS IS !
*Not a financial advice, actual results might differ.
**According to tax records
*** pictures and plans for informational purposes only and might not present actual condition.
Location
State DC
County Washington
Zoning RF-1
Interior
Hot Water Electric
Heating Forced Air
Cooling Central A/C
Fireplace N
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Crawl Space
Above Ground Finished SqFt 3244
Sewer Public Septic
Water Public
Architectural Style Federal
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Tax ID 4082//0039
Ownership Fee Simple
SqFt Source 3244
Special Listing Condition Standard
Nearby Locations
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