$5,500,000
NEW CONSTRUCTION

Estimated payment $31,375/month

Total Views 8,399
-- Bed
-- Bath
3,570 Sq Ft
$1,541 Price per Sq Ft

Highlights

  • New Construction
  • Wood Flooring
  • Double Pane Windows
  • 0.16 Acre Lot
  • Space For Rooms
  • Halls are 36 inches wide or more

About This Home

This is an amazing investment opportunity that has subsidized guaranteed rents. It has been completely renovated into 2–6-bedroom, 4-5 bedroom and 1-4 bedroom fully self-contained multifamily apartment building located in a great neighborhood. Fully leased and ready to start earning you income. The tenants have not been given their TOPA rights but should not be an issue. It has a large lot with parking in the rear. Close to the Rhode Island Metro station, Union Market, stores and restaurants on 12th street.

Listing Agent

Samuel Davis

Long & Foster Real Estate, Inc. License #0225153343

Long & Foster Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,121

Year Built

  • Built in 2023 | New Construction

Lot Details

  • 7,013 Sq Ft Lot
  • Infill Lot
  • Property is in excellent condition

Parking

  • On-Street Parking

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Block Foundation
  • Plaster Walls

Interior Spaces

  • Ceiling Fan
  • Double Pane Windows
  • Wood Flooring
  • Basement
  • Space For Rooms
  • Stove

Accessible Home Design

  • Halls are 36 inches wide or more
  • Doors are 32 inches wide or more

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System
  • Natural Gas Water Heater
  • Multiple Phone Lines
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 78
  • Assessor Parcel Number 3565//0078

Community Details

Overview

  • 4 Units
  • 3-Story Building
  • Eckington Subdivision

Building Details

  • Rent Control
  • Gross Income $505,164

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,121

Year Built

Built in 2023 | New Construction

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Twin/Semi-Detached
  • Accessibility Features: 32"+ Wide Doors, 36"+ Wide Halls
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: Yes
  • Expected On Market: 2024-07-22
  • Year Built: 2023
  • Year Renovated: 2023
  • Remarks Public: This is an amazing investment opportunity that has subsidized guaranteed rents. It has been completely renovated into 2–6-bedroom, 4-5 bedroom and 1-4 bedroom fully self-contained multifamily apartment building located in a great neighborhood. Fully leased and ready to start earning you income. The tenants have not been given their TOPA rights but should not be an issue. It has a large lot with parking in the rear. Close to the Rhode Island Metro station, Union Market, stores and restaurants on 12th street.
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Refrigerator, Stove
  • Flooring Type: Hardwood
  • Interior Amenities: Ceiling Fan(s), Wood Floors
  • Window Features: Double Pane
  • Fireplace: No
  • Wall Ceiling Types: Dry Wall, Plaster Walls
  • Foundation Details: Block
  • Basement: Yes
  • Basement Type: Space For Rooms
  • Total Sq Ft: 4185
  • Living Area Sq Ft: 3570
  • Price Per Sq Ft: 1540.62
  • Above Grade Finished Sq Ft: 3570
  • Below Grade Sq Ft: 615
  • Total Below Grade Sq Ft: 615
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1944

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Construction Completed: Yes
  • Exterior Features: Sidewalks
  • Roof: Flat
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Electric Service: Circuit Breakers
  • Heating Fuel: Natural Gas
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv, Electric Available, Multiple Phone Lines, Natural Gas Available, Phone Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Recreation Fee: No

Schools

  • School District: DISTRICT OF COLUMBIA PUBLIC SCHOOLS
  • School District Key: 121140357950
  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.16
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7013.00
  • Property Condition: Excellent
  • Soil Types: Urban Land-Galestown-Rumford
  • Year Assessed: 2021
  • Zoning: R4
  • In City Limits: Yes

Rental Info

  • Number Of Units Month To Month: 5
  • Rent Control: Yes
  • Total Actual Rent: 505164.00
  • Units Leased Count: 7
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 8121.00
  • Assessor Parcel Number: 3565//0078
  • Tax Lot: 78
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021

Multi Family

  • Gross Scheduled Income: 505164.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6,Unit 7
  • Vacancy Allowance Rate: 10.00

MLS Schools

  • School District Name: DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/17/2024 07/17/24 For Sale $5,500,000 +233.4% $1,541 / Sq Ft
07/29/2022 07/29/22 Sold $1,649,500 0.0% $462 / Sq Ft
01/26/2022 01/26/22 Pending -- -- --
01/18/2022 01/18/22 For Sale $1,649,500 -- $462 / Sq Ft
Source: Bright MLS

Source: Bright MLS

MLS Number: DCDC2150330

Bright MLS

APN: 3565 0078