607 18Th Street NE

  • $$749,900
  • Address:

    607 18Th Street NE
    Washington, District Of Columbia 20002

  • Sq Ft: 840
  • Lot Sq Ft: 0.020 acres
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Description

Price improvement of $50,000!! Seller motivated so bring all offers. Welcome to this fantastic investment opportunity. This is a perfect first time investment. It has 1-2 bedroom 1 bath unit and 2-1 bedroom 1 bath unit. 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 a chance to own an investment property in an up and coming area with a ton of construction going on in the area. This is a cash cow!

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:$$749,900
Address:607 18Th Street NE
City:Washington
State:District Of Columbia
Zip Code:20002
Subdivision:OLD CITY #1
MLS:DCDC2056638
Year Built:1926
Square Feet:840
Acres:0.020
Lot Square Feet:0.020 acres
accessibilityFeatures:None
annualGrossExpense:14929
automaticallyUpdateTaxValuesYN:no
buildingTotalSqftSource:Estimated
buildingUnitsTotal:2
businessType:Apartment Building
buyerAgencyComp:2.5
capRate:5.7
centralAirYN:no
constructionMaterials:Brick
coolingFuel:Electric
coolingType:None
country:US
dom:45
foundationDetails:Block
grossIncome:57683
heatingFuel:Electric, Central
heatingType:Hot Water
heatingYN:yes
hotWater:Electric
inCityLimitsYN:yes
lotSizeSource:Estimated
lotSizeUnits:Square Feet
lotSqft:923
navigableWaterYN:no
netOperatingIncome:42756
netSqft:840
newConstructionYN:no
operatingExpenseIncludes:Management Fees, Landscaping, Pest Control, Repair/Maintenance, Snow Removal, Water
ownershipInterest:Fee Simple
possession:31-60 Days CD, Subject to Existing Lease
potentialTenancy:Multiple
propertyCondition:Very Good
propertyUse:Investment
riparianRightsYN:no
saleType:Standard
sewerSeptic:Public Sewer
soilTypes:Urban Land-Sassafras-Chillum
taxAnnualAmount:3808
taxAssessedValue:468840
taxLot:49
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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