412 20Th Street NE

  • $$1,399,900
  • Address:

    412 20Th Street NE
    Washington, District Of Columbia 20002

  • Sq Ft: 3,600
  • Lot Sq Ft: 0.040 acres
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Description

Welcome to this fantastic investment opportunity. This is a perfect first time investment. This 2-unit has been completely renovated and is fully self contained. 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 the value.

Owners are requesting that the buyer provide proof of funds or a lender letter. Additionally, contracts should be submitted subject to seeing the building. We don’t want to alert the tenants just yet. TOPA has not been issued. Leases, CofO and P&L avialble within the study period. 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.

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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:DCDC2051854
Year Built:1941
Square Feet:3,600
Acres:0.040
Lot Square Feet:0.040 acres
accessibilityFeatures:None
appliances:Built-In Microwave, Dishwasher, Disposal, Dryer, Range Hood, Refrigerator, Stove, Washer, Washer/Dryer Stacked, Water Heater
architecturalStyle:Federal
automaticallyUpdateTaxValuesYN:yes
buildingUnitsTotal:2
buyerAgencyComp:2.5
capRate:7
centralAirYN:yes
constructionMaterials:Brick
coolingFuel:Electric
coolingType:Central A/C, Heat Pump(s)
country:US
dom:74
existingLeaseType:Yearly
fireplaceYN:no
foundationDetails:Block
garageYN:no
grossIncome:130504
heatingFuel:Electric
heatingType:Central, Heat Pump(s)
heatingYN:yes
hotWater:Electric
inCityLimitsYN:yes
livingAreaSqftSource:Estimated
lotSizeSource:Assessor
lotSizeUnits:Square Feet
lotSqFt:1763
navigableWaterYN:no
netOperatingIncome:97967
newConstructionYN:no
operatingExpense:32537
operatingExpenseIncludes:Insurance, Advertising, Snow Removal
otherStructures:Above Grade, Below Grade
otherUnits:Unit 1,Unit 2
ownershipInterest:Fee Simple
pool:No Pool
possession:31-60 Days CD, Subject to Existing Lease
propertyCondition:Very Good
propertySubType:Duplex
rentControlYN:no
riparianRightsYN:no
saleType:Standard
schoolDistrictName:DISTRICT OF COLUMBIA PUBLIC SCHOOLS
schoolDistrictSource:Listing Agent
sewerSeptic:Public Sewer
soilTypes:Urban Land-Sassafras-Chillum
taxAnnualAmount:4052
taxAssessedValue:498580
taxLot:104
taxTotalFinishedSqft:810
taxYear:2021
tidalWaterYN:no
totalBelowGradeSqft:900
totalBelowGradeSqftSource:Estimated
totalSqft:3600
totalSqftSource:Estimated
transportation:Metro/Subway Station less than 1 mile, Bus Stop less than 1 mile
typeOfParking:On Street
vacationRentalYN:no
waterAccessYN:no
waterOrientedYN:no
waterSource:Public
waterViewYN:no
waterfrontYN:no
windowFeatures:Double Pane
yearAssessed:2021
yearBuiltSource:Assessor
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