413 Atlantic Se Street SE, Washington, DC 20032
- $705,000
- 4,725
- SqFt
- Sold Price
- $705,000
- List Price
- $699,900
- Closing Date
- Oct 31, 2024
- Days on Market
- 19
- Status
- CLOSED
- MLS#
- DCDC2159260
- Living Area
- 4,725
- Lot Size (Acres)
- 0.13
- Style
- Other
- Year Built
- 1943
- County
- Washington DC
- School District
- District Of Columbia Public Schools
Property Description
Investment Opportunity – Entirely Vacant Multifamily Building! Situated at 413 Atlantic St SE, this completely vacant multifamily property boasts four expansive units with 3 bedrooms and 1 bathroom each, plus a basement unit offering 4 bedrooms and 2 bathrooms. In 2023, the building experienced a comprehensive interior renovation, which encompassed new finishes for unit interiors, enhancements to shared spaces, and the installation of new appliances, along with the replacement or repair of significant building systems. The latest appraisal values the property at $910,000, derived from an income approach based on $127,000 in annual gross rents and 32% operating expenses which leave a huge room for CASHFLOW Conveniently located near I-295 and South Capitol Street for easy commuting, the property is just minutes from the Congress Heights Metro Station (Green Line) and several bus lines.
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Additional Information
- Taxes
- $23022
- Stories
- 3
- School District
- District Of Columbia Public Schools
- Heating
- Forced Air
- Heating Fuel
- Natural Gas
- Cooling
- Central A/C
- Water
- Public
- Sewer
- Public Sewer