1212 16th Ne Street NE, Washington, DC 20002
- $1,114,000
- 2,640
- SqFt
- Sold Price
- $1,114,000
- List Price
- $1,099,000
- Closing Date
- Jun 20, 2024
- Days on Market
- 36
- Status
- CLOSED
- MLS#
- DCDC2137154
- Living Area
- 2,640
- Lot Size (Acres)
- 0.07
- Style
- Federal
- Year Built
- 1942
- County
- Washington DC
- School District
- District Of Columbia Public Schools
Property Description
We are proud to present a rare investment opportunity with this fully vacant turn-key multi-family building, recently renovated and ready for immediate move-in. This property is ideal for a variety of investment strategies. Option 1: Buy as a primary residence, live in one unit, and rent out the rest. Option 2: Buy & hold, and rent out all four units at a good Cap Rate. All units are separately metered with their own Certificate of Occupancy. The Voucher Assistance Program pays $1680 per unit. Non-Voucher Market rent is $1500 per unit. Option 3: Purchase and redevelop as a condo conversion. There is room to build up, and allow for two-car parking in the back. The location is great, and in close proximity to new developments, Union Market, Gallaudet University, The National Arboretum, KIPP Academy, H Street Corridor, and Capitol Hill. The street is quiet and lined with mostly renovated and redeveloped homes and apartments. Off-Street Parking is possible.
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Additional Information
- Subdivision
- Trinidad
- Taxes
- $5570
- School District
- District Of Columbia Public Schools
- Flooring
- Laminated
- Heating
- Forced Air
- Heating Fuel
- Natural Gas
- Cooling
- Central A/C
- Roof
- Flat
- Utilities
- Natural Gas Available, Water Available, Electric Available
- Water
- Public
- Sewer
- Public Sewer
- Basement
- Yes