438 19Th Street NE

  • $$1,499,900
  • Address:

    438 19Th Street NE
    Washington, District Of Columbia 20002

  • Sq Ft: 4,880
  • Lot Sq Ft: 0.060 acres
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Description

Price improvement of $200,000!! Seller motivated so bring all offers. Welcome to this fantastic investment opportunity. This is a perfect first time investment. The first unit is a single family home with 5 bedrooms and 2 bathrooms. The huge corner property includes 8 bedrooms and 2 bathrooms. This sale includes both properties. 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. Here is your opportunity to own an investment property in an up and coming area with a ton of construction going on!

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:$$1,499,900
Address:438 19Th Street NE
City:Washington
State:District Of Columbia
Zip Code:20002
Subdivision:OLD CITY #1
MLS:DCDC2056640
Year Built:1939
Square Feet:4,880
Acres:0.060
Lot Square Feet:0.060 acres
accessibilityFeatures:None
annualGrossExpense:75453
automaticallyUpdateTaxValuesYN:no
buildingTotalSqftSource:Estimated
buildingUnitsTotal:2
businessType:Apartment Building
buyerAgencyComp:2.5
capRate:4.9
centralAirYN:yes
constructionMaterials:Brick
coolingFuel:Electric
coolingType:Central A/C, Heat Pump(s)
country:US
dom:45
foundationDetails:Block
grossIncome:149364
heatingFuel:Central, Electric
heatingType:Central, Heat Pump - Electric BackUp
heatingYN:yes
hotWater:Electric
inCityLimitsYN:yes
lotSizeSource:Estimated
lotSizeUnits:Square Feet
lotSqft:2728
navigableWaterYN:no
netOperatingIncome:73911
netSqft:3500
newConstructionYN:no
operatingExpenseIncludes:Insurance, Landscaping, Management Fees, Repair/Maintenance, Sewer, Snow Removal, Water
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:4655
taxAssessedValue:574300
taxLot:88
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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