607 18Th Street NE

  • $$749,900
  • Address:

    607 18Th Street NE
    Washington, District Of Columbia

  • 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
Subdivision:OLD CITY #1
MLS:DCDC2064430
Square Feet:840
Acres:0.020
Lot Square Feet:0.020 acres
dom:11
pool:No Pool
spaYN:no
capRate:3.8
lotSqFt:923
taxYear:2021
garageYN:no
hotWater:Electric
saleType:Standard
heatingYN:yes
soilTypes:Urban Land-Sassafras-Chillum
totalSqft:840
basementYN:no
otherUnits:Unit 1,Unit 2
possession:31-60 Days CD, Subject to Existing Lease
coolingFuel:Electric
coolingType:None
grossIncome:58497
heatingFuel:Electric, Central
heatingType:Hot Water
sewerSeptic:Public Sewer
waterViewYN:no
centralAirYN:no
lotSizeUnits:Square Feet
tidalWaterYN:no
yearAssessed:2021
lotSizeSource:Assessor
typeOfParking:Alley, On Street
waterAccessYN:no
buyerFinancing:VA
inCityLimitsYN:yes
transportation:Metro/Subway Station less than 1 mile, Bus Stop less than 1 mile
windowFeatures:Double Pane
buyerAgencyComp:2.5
buyerAgentMlsId:3251680
contingencyType:Home Inspection
taxAnnualAmount:3808
totalSqftSource:Assessor
waterOrientedYN:no
yearBuiltSource:Assessor
buyerOfficeMlsId:TTRS4
navigableWaterYN:no
operatingExpense:14929
riparianRightsYN:no
taxAssessedValue:468840
vacationRentalYN:no
baseoffmarketdate:2022-10-14T00:00:00+00:00
existingLeaseType:Yearly
ownershipInterest:Fee Simple
propertyCondition:Very Good
buildingUnitsTotal:2
netOperatingIncome:28326
schoolDistrictName:DISTRICT OF COLUMBIA PUBLIC SCHOOLS
buyerAgencyCompType:% Of Gross
livingAreaSqftSource:Assessor
schoolDistrictSource:Listing Agent
operatingExpenseIncludes:Advertising, Insurance, Snow Removal
totalBelowGradeSqftSource:Assessor
listOfficeBrokerOfRecordKey:121135930120
automaticallyUpdateTaxValuesYN:yes
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