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:DCDC2064432
Year Built:1926
Square Feet:840
Acres:0.020
Lot Square Feet:0.020 acres
dom:11
capRate:3.77
country:US
lotSqft:923
netSqft:840
taxYear:2021
hotWater:Electric
saleType:Standard
heatingYN:yes
soilTypes:Urban Land-Sassafras-Chillum
possession:31-60 Days CD, Subject to Existing Lease
coolingFuel:Electric
coolingType:None
grossIncome:57683
heatingFuel:Electric, Central
heatingType:Hot Water
sewerSeptic:Public Sewer
waterSource:Public
waterViewYN:no
businessType:Apartment Building
centralAirYN:no
lotSizeUnits:Square Feet
tidalWaterYN:no
waterfrontYN:no
yearAssessed:2021
lotSizeSource:Estimated
typeOfParking:On Street
waterAccessYN:no
buyerFinancing:VA
inCityLimitsYN:yes
buyerAgencyComp:2.5
buyerAgentMlsId:3251680
taxAnnualAmount:3808
waterOrientedYN:no
yearBuiltSource:Estimated
buyerOfficeMlsId:TTRS4
navigableWaterYN:no
potentialTenancy:Multiple
riparianRightsYN:no
taxAssessedValue:468840
vacationRentalYN:no
baseoffmarketdate:2022-10-14T00:00:00+00:00
foundationDetails:Block
newConstructionYN:no
ownershipInterest:Fee Simple
propertyCondition:Very Good
annualGrossExpense:14929
buildingUnitsTotal:2
netOperatingIncome:28326
buyerAgencyCompType:% Of Gross
accessibilityFeatures:None
constructionMaterials:Brick
buildingTotalSqftSource:Estimated
operatingExpenseIncludes:Management Fees, Landscaping, Pest Control, Repair/Maintenance, Snow Removal, Water
listOfficeBrokerOfRecordKey:121135930120
automaticallyUpdateTaxValuesYN:no
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