$620,000
$700,000
11.4%For more information regarding the value of a property, please contact us for a free consultation.
3,248 SqFt
SOLD DATE : 11/21/2024
Key Details
Sold Price $620,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,248 sqft
Price per Sqft $190
Subdivision Congress Heights
MLS Listing ID DCDC2151368
Sold Date 11/21/24
Style Other
Abv Grd Liv Area 3,248
Originating Board BRIGHT
Year Built 1937
Annual Tax Amount $1,280
Tax Year 2004
Lot Size 4,356 Sqft
Acres 0.1
Property Description
Back on the Market with Price Improvements – Prime Investment Opportunity Near National Harbor!
Seize this outstanding opportunity to own a semi-detached, four-unit property in a highly sought-after location near National Harbor, MGM, Gaylord, Nationals Stadium, and the US Capitol. This versatile building, originally renovated in 1989, is perfect for investors aiming to convert the units into condos or for owner-occupants looking to live in one unit while generating rental income from the other three.
Property Highlights:
Unit Breakdown:
Two units feature 3 bedrooms and 1 bath each.
Two units feature 2 bedrooms and 1 bath each.
Current Occupancy:
Three units are vacant, ready for immediate occupancy.
One unit is on a flexible month-to-month lease.
Modern Updates:
Newer bathrooms, kitchens, hardwood, and luxury plank floors.
Freshly painted walls and newer doors.
Outdoor Potential:
Large backyard adjacent to an alley, perfect for future parking.
Utilities:
Basement equipped with newer hot water heaters and furnace. (No AC; window units are in place.)
Prime Location: Minutes from JABAB, downtown, National Harbor, MGM, Gaylord, and Nationals Stadium, with easy access to the US Capitol, this location is ideal for professionals, investors, and those seeking convenience and potential growth.
Investment Potential:
Condo Conversion: Perfect for investors looking to transform the units into high-demand condos.
Rental Income: Ideal for owner-occupants who want to live in one unit while renting out the other units.
Viewing Information:
Units #1, #2, and #3 are available for showings.
Settlement: To occur at Premium Title.
This is a rare chance to invest in a high-demand area with limitless potential. Don't miss your opportunity—schedule a showing today!
Location
State DC
County Washington
Zoning R5A
Rooms
Basement Rear Entrance, Partial, Walkout Stairs
Interior
Interior Features Wood Floors
Hot Water Natural Gas
Heating Hot Water
Cooling Ceiling Fan(s)
Equipment Disposal, Exhaust Fan, Range Hood, Refrigerator, Stove
Fireplace N
Appliance Disposal, Exhaust Fan, Range Hood, Refrigerator, Stove
Heat Source Natural Gas
Exterior
Utilities Available Cable TV Available
Waterfront N
Water Access N
Roof Type Other
Accessibility Other
Garage N
Building
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade
Structure Type Dry Wall
New Construction N
Schools
High Schools Ballou Senior
School District District Of Columbia Public Schools
Others
Tax ID 5997//0032
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
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Bought with Alan Chargin • Keller Williams Capital Properties
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Agent | License ID: 0787303
129 CHESTER AVE., MOORESTOWN, Jersey, 08057, United States