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
← Back to main site

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 it 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 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.

View full listing details

Listing Details

Price:$$749,900
Address:607 18Th Street NE
City:Washington
State:District Of Columbia
Zip Code:20002
Subdivision:OLD CITY #1
MLS:DCDC2051838
Year Built:1926
Square Feet:840
Acres:0.020
Lot Square Feet:0.020 acres
accessibilityFeatures:None
appliances:Built-In Microwave, Dishwasher, Disposal, Dryer, Exhaust Fan, Range Hood, Refrigerator, Stove, Washer, Water Heater
architecturalStyle:Colonial
automaticallyUpdateTaxValuesYN:yes
basementYN:no
buildingUnitsTotal:2
buyerAgencyComp:2.5
capRate:5.7
centralAirYN:no
constructionMaterials:Brick
coolingFuel:Electric
coolingType:None
country:US
dom:74
existingLeaseType:Yearly
fireplaceYN:no
foundationDetails:Block
garageYN:no
grossIncome:58497
heatingFuel:Electric, Central
heatingType:Hot Water
heatingYN:yes
hotWater:Electric
inCityLimitsYN:yes
livingAreaSqftSource:Assessor
lotSizeSource:Assessor
lotSizeUnits:Square Feet
lotSqFt:923
navigableWaterYN:no
netOperatingIncome:43568
newConstructionYN:no
operatingExpense:14929
operatingExpenseIncludes:Advertising, Insurance, 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
riparianRightsYN:no
saleType:Standard
schoolDistrictName:DISTRICT OF COLUMBIA PUBLIC SCHOOLS
schoolDistrictSource:Listing Agent
sewerSeptic:Public Sewer
soilTypes:Urban Land-Sassafras-Chillum
spaYN:no
taxAnnualAmount:3808
taxAssessedValue:468840
taxLot:49
taxTotalFinishedSqft:840
taxYear:2021
tidalWaterYN:no
totalBelowGradeSqftSource:Assessor
totalSqft:840
totalSqftSource:Assessor
transportation:Metro/Subway Station less than 1 mile, Bus Stop less than 1 mile
typeOfParking:Alley, On Street
vacationRentalYN:no
waterAccessYN:no
waterOrientedYN:no
waterSource:Public
waterViewYN:no
waterfrontYN:no
windowFeatures:Double Pane
yearAssessed:2021
yearBuiltSource:Assessor
Please sign up for a Listing Manager account below to inquire about this listing