704 I St Se, Washington, DC 20003

Property Description

Legal 2-unit INVESTMENT OPPORTUNITY for both homeowners and investors alike. If you're looking for a steady rental stream or aiming to capitalize on the booming short-term rental market, this property is the perfect match. Located just around the corner from Barracks Row Main Street, this Victorian-style row house offers a seamless blend of Capitol Hill charm and Navy Yard convenience. The two-level upper unit features a comfortable 2 bed/1 bath floor plan with ample living space, while the separate English basement studio provides flexibility as an income-generating rental or as a private living pad for guests/extended family. Currently owner-occupied, but upper unit previously rented for $2,900/mo. & the lower unit for $1,750/mo. Live in either unit and rent out the other to subsidize your mortgage and maximize profits. The property's PRIME LOCATION offers easy access to a diverse array of dining options and unique local shops. Whether you're grabbing a quick bite, enjoying a leisurely dinner, or exploring nearby boutiques, everything is at your fingertips. Just 3 blocks to Eastern Market and Metro! Improvements since 2019 include new roof, windows, upper unit bathroom and HVAC. New shaker kitchen cabinets, quartz countertops and recessed lighting were also recently added in the upper level unit.