$1,200,000

Rare opportunity to purchase a FULLY-TENANTED, pretty bayfront Victorian 4 unit property in PRIMO location steps to Stanton Park, Union Station Metro, Eastern Market, US Capitol Complex and everything the Hill has to offer. Walk Score of 92, Bike Score of 97. All 4 units offer tall ceilings, beautiful original… Read More mantels and tilework on decorative fireplaces, nice original doors and trim throughout, including the main hallway staircase banister and spindles. The upper 3 units have pretty pine floors, their living areas at front get good light from large bay windows, their updated kitchens have a single run of upper and lower cabinets w/formica countertops, bathrooms are updated and each includes a linen closet. The upper 2 units have quite large screened-in porches providing 3-season additional space to relax and unwind. On the main level unit that porch space has been enclosed w/windows and incorporated into the unit as an un-conditioned sun room, along w/private stairs to backyard. The spacious-feeling lower level studio unit is carpeted, has 8' tall ceilings, a large walk-in closet, an updated bathroom, newer L-shaped open kitchen w/formica countertops, and direct access to the spacious shared fully-fenced backyard patio where tenants enjoy relaxing and entertaining, sheltered by a large tree. There is a gate for pedestrian access to the alley, making it easy for bikes/strollers. Well-maintained building: screened-in rear porches were recently re-built and re-supported; brickwork was repointed on sides and at rear; the main hallway was recently repainted and re-carpeted; and the newish metal roof was recoated in the past 5 years. There is a single boiler for heat to the building, a single 75 gallon water heater for the building. These systems are located in a separate space on lower level, accessed from outside the building through pedestrian gate to alley. Each unit has 1 window unit A/C that conveys w/sale. Each unit has its own electric meter and electricity is paid individually by each unit. Gas is paid by owner. The 3 1BR/1BA units on upper floors are each month to month, the lease on the lower level studio unit ends 12/31/24. Subject to rent control, the 2023 annual rent was $72,223 and the 2024 monthly rent roll totals $6502 ($78,024 per year). TOPA notice will be given. This property has had VERY little turnover, 3 are long-term tenants. PROPERTY CONVEYS WITH TENANTS IN PLACE. Property offers possibilities for investor looking to take over a FULLY-TENANTED 4-unit property, or for a savvy owner-occupier who might wish to occupy one or more units for themselves and continue renting out the others. All prospective buyers are advised to run numbers w/a financial advisor knowledgeable about DC TOPA regarding 4 unit buildings, and see how this may work financially BEFORE attempting to see the property. To avoid unnecessarily inconveniencing tenants, seller is requiring proof of funds or lenders letter before scheduling all showings. Shown strictly by appointment during business hours, w/minimum 24 business hour advance notice. Initial showings are likely to be for just one of the 4 occupied units, arrangements to view other units would be made w/submission of an offer to purchase the property. TENANTS CONVEY WITH THE SALE OF THE PROPERTY. Note that sf figures are not to be used for valuation purposes. Read Less

Courtesy of Jeanne Harrison, Compass [email protected]

Listing Snapshot

Days Online

187

Last Updated

Dec 21, 2024

Property Type

Townhouse

Square Ft.

2,919

Lot Size

0.03 Acres

Year Built

1907

MLS Number

DCDC2146612

30 Days Snapshot Of 20002

$859k

+8%

(avg) sold price

+13%

homes sold

+11%

(avg) days on market

Snapshot

Area Map

Additional Details

Appliances & Equipment

Water Heater, Disposal, Oven/Range - Electric, Oven/Range - Gas, Refrigerator

Basement

Daylight, Partial, Front Entrance, Rear Entrance, Walkout Stairs, Windows

Building

2,919 sqft living area, Built in 1907, Structure Type: Interior Row/Townhouse, Wall & Ceiling Types: 9'+ Ceilings, Dry Wall, High, Plaster Walls, 4 units in building, Victorian, Brick

Cooling

Electric, Window Unit(s)

Doors

Six Panel

Exterior Features

Extensive Hardscape

Floors

Wood, Carpet

Foundation

Permanent

Heating

Natural Gas, Hot Water

Interior Features

Carpet, Entry Level Bedroom, Flat, Studio, Bathroom - Tub Shower, Walk-in Closet(s), Wood Floors

Lot

1,337 sqft, 0.03 acres

Property

Other Structures: Above Grade, Below Grade, Other Units: Unit 1, Unit 2, Unit 4, Unit 3, Soil Types: Unknown, 3 one-bedroom units, 1 single-room unit

Roof

Metal

Sewer

Public Sewer

Taxes

City/Town Tax: $13,516, City/Town Tax Pymnt Freq: Annually, Tax Annual Amount: $13,516, Tax Year: 2024

Utilities

Electric Avg / Month: 43.0, Electric Prev 12 Months: 513.87, Hot Water: Natural Gas,60+ Gallon Tank, Water Avg / Month: 250.0

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