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2801 R Street SE

WASHINGTON, DC 20020
  • $1,150,000
  • STATUS: Active
  • ON SITE: 46 Days
  • ID#: DCDC2061022
UPDATED: 69 min ago
$1,150,000
  • 0
    BEDS
  • 0.06
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1941
County:

School Ratings & Info

Description

Fantastic investment opportunity in Hillcrest! This well-maintained 6-unit building is comprised of six 2-bedroom and 1-bath units. Take advantage of the rising rental prices at a steep discount as the building is priced $100,000 below a recent appraisal. At a current capitalization rate of 8.12%, this is a great short-term investment. With the development and corresponding rent increases in Hillcrest and surrounding areas of SE DC, there are tremendous long-term benefits to owning this building as well. All units are currently occupied and TOPA notices have been filed. With several upgrades in the last 3 years including an electrical upgrade, HVAC upgrade and a completely renovated 6th unit, this is an ideal opportunity for an investor looking for a turnkey investment. To protect the privacy and reduce anxiety of the tenants, all showings will be scheduled after a Letter of Intent and/or Offer of Sale has been reviewed by the sellers.

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©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Tom & Cindy and Associates | Long & Foster Realtors. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-09-26T07:50:03.243.
www.tomandcindyhomes.com/homes/132009046
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2801 R Street SE WASHINGTON, DC 20020

  • Price: $1,150,000
  • Status: Active
  • On Site: 46 Days
  • Updated: 69 min ago
  • ID#: DCDC2061022
0
Beds
0
Baths
0
½ Baths
0.06
Acres
1941
Built
County:
Washington
School District:
District Of Columbia Public Schools
Property Description
Fantastic investment opportunity in Hillcrest! This well-maintained 6-unit building is comprised of six 2-bedroom and 1-bath units. Take advantage of the rising rental prices at a steep discount as the building is priced $100,000 below a recent appraisal. At a current capitalization rate of 8.12%, this is a great short-term investment. With the development and corresponding rent increases in Hillcrest and surrounding areas of SE DC, there are tremendous long-term benefits to owning this building as well. All units are currently occupied and TOPA notices have been filed. With several upgrades in the last 3 years including an electrical upgrade, HVAC upgrade and a completely renovated 6th unit, this is an ideal opportunity for an investor looking for a turnkey investment. To protect the privacy and reduce anxiety of the tenants, all showings will be scheduled after a Letter of Intent and/or Offer of Sale has been reviewed by the sellers.
Exterior Features

Construction Materials Brick Garage YN No Parking Types Off Site Riparian Rights YN No Soil Types Urban Land-Beltsville-Chillum Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 2974.00 Cooling Central A/C Heating Forced Air Heating YN Yes Net Square Feet 2974.00

Property Features

Accessibility Features None Assessment Year 2021 Business Type Apartment Building Central Air YN Yes Cooling Fuel Electric Heating Fuel Other Hot Water Other Navigable Water YN N New Construction YN No Original MLSNumber 801774116932 Ownership Interest Fee Simple Possession Settlement Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 6177.00 Tax Assessment Amount 708130.00 Tax Lot 51 Total Actual Rent 106392.00 Vacation Rental YN No Water Source Public Year Built Effective 2015 Zoning Rf-1

Listing courtesy of Re/Max Allegiance: .


©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Tom & Cindy and Associates | Long & Foster Realtors. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-09-26T07:50:03.243.
 
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