1650 F Street NE

  • $$1,099,900
  • Address:

    1650 F Street NE
    Washington, District Of Columbia 20002

  • Sq Ft: 2,485
  • Lot Sq Ft: 0.050 acres
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Description

Price improvement of $100,000!! Seller motivated so bring all offers. Welcome to this fantastic investment opportunity. This is a perfect first time investment. It has 2-4 bedroom 1 bath units. They are fully self contained and each unit has it’s own HVAC and hot water heaters. It is separately metered for electric. Currently 100% leased out to Section 8 tenants. This is a cash cow! Own a piece of this up and coming neighborhood with a ton of construction going on and it will only increase in value.

Owners are requesting that the buyer provide proof of funds or a lender letter. TOPA has not been issued. Leases, CofO and P&L avialble within the study period.

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Listing Details

Price:$$1,099,900
Address:1650 F Street NE
City:Washington
State:District Of Columbia
Zip Code:20002
Subdivision:OLD CITY #1
MLS:DCDC2064446
Year Built:1975
Square Feet:2,485
Acres:0.050
Lot Square Feet:0.050 acres
accessibilityFeatures:None
automaticallyUpdateTaxValuesYN:no
buildingTotalSqftSource:Estimated
buildingUnitsTotal:2
businessType:Apartment Building
buyerAgencyComp:2.5
buyerAgencyCompType:% Of Gross
capRate:7
centralAirYN:yes
constructionMaterials:Brick
coolingFuel:Electric
coolingType:Central A/C, Heat Pump(s)
country:US
dom:10
foundationDetails:Block
grossIncome:117301
heatingFuel:Electric
heatingType:Central
heatingYN:yes
hotWater:Electric
inCityLimitsYN:yes
lotSizeSource:Estimated
lotSizeUnits:Square Feet
lotSqft:2054
navigableWaterYN:no
netOperatingIncome:86518
netSqft:2485
newConstructionYN:no
operatingExpense:30783
operatingExpenseIncludes:Advertising, Insurance, Landscaping, Management Fees
ownershipInterest:Fee Simple
possession:31-60 Days CD, Subject to Existing Lease
potentialTenancy:Multiple
propertyCondition:Very Good
riparianRightsYN:no
saleType:Standard
sewerSeptic:Public Sewer
soilTypes:Urban Land-Sassafras-Chillum
taxAnnualAmount:4628
taxAssessedValue:570560
taxYear:2021
tidalWaterYN:no
typeOfParking:On Street
vacationRentalYN:no
waterAccessYN:no
waterOrientedYN:no
waterSource:Public
waterViewYN:no
waterfrontYN:no
yearAssessed:2021
yearBuiltSource:Estimated
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