412 20Th Street NE

  • $$1,399,900
  • Address:

    412 20Th Street NE
    Washington, District Of Columbia 20002

  • Sq Ft: 2,700
  • Lot Sq Ft: 0.040 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 2-5 bedroom 2 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 your investment 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:$$1,399,900
Address:412 20Th Street NE
City:Washington
State:District Of Columbia
Zip Code:20002
Subdivision:OLD CITY #1
MLS:DCDC2064440
Year Built:1941
Square Feet:2,700
Acres:0.040
Lot Square Feet:0.040 acres
accessibilityFeatures:None
annualGrossExpense:32537
automaticallyUpdateTaxValuesYN:no
buildingTotalSqftSource:Estimated
buildingUnitsTotal:2
businessType:Apartment Building
buyerAgencyComp:2.5
buyerAgencyCompType:% Of Gross
capRate:7
carParkingSpaces:2
centralAirYN:yes
constructionMaterials:Brick
coolingFuel:Electric
coolingType:Central A/C, Heat Pump(s)
country:US
dom:10
foundationDetails:Block
grossIncome:130504
heatingFuel:Electric
heatingType:Central, Heat Pump(s)
heatingYN:yes
hotWater:Electric
inCityLimitsYN:yes
lotSizeSource:Estimated
lotSizeUnits:Square Feet
lotSqft:1763
navigableWaterYN:no
netOperatingIncome:97967
netSqft:2700
newConstructionYN:no
operatingExpenseIncludes:Insurance, Landscaping, Management Fees, Pest Control, Repair/Maintenance, Sewer, Snow Removal, Trash, Water
ownershipInterest:Fee Simple
parkingFeatures:Surface
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:4052
taxAssessedValue:498580
taxYear:2021
tidalWaterYN:no
totalGarageAndParkingSpaces:2
typeOfParking:Driveway
vacationRentalYN:no
waterAccessYN:no
waterOrientedYN:no
waterSource:Public
waterViewYN:no
waterfrontYN:no
yearAssessed:2021
yearBuiltSource:Estimated
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