UPDATED:
10/22/2024 01:05 PM
Key Details
Property Type Multi-Family, Townhouse
Sub Type Interior Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 2,859 sqft
Price per Sqft $419
Subdivision Bloomingdale
MLS Listing ID DCDC2152484
Style Dwelling with Rental,Unit/Flat
Abv Grd Liv Area 2,859
Originating Board BRIGHT
Year Built 1908
Annual Tax Amount $8,069
Tax Year 2023
Lot Size 1,800 Sqft
Acres 0.04
Property Description
situated on a .04-acre lot, amassing three levels.
Zoned RF-1, this historically zoned building includes 2,859 square feet of rentable space with three separately metered three units, comprised of a one-bedroom unit, a one-bedroom unit with a den and a two bedroom unit. Each of the units have energy efficient HVAC systems, new high efficiency washer and dryers, waterless tank water heaters, new luxury laminate flooring, stainless steel appliances, and granite counter tops, The building has also received a complete renovation in 2023 with a new roof, new electrical wiring, and new plumbing. The units all have front and rear alley access including patio deck spaces on the second and third floors. There are two parking spaces with access from the alley in the rear of the building.
2016 1st Street NW is being sold vacant and TOPA free. An investor can achieve a stabilized NOI of approximately $84,081 upon stabilization. This building offers a unique opportunity for a homeowner that wants to reside in one unit and lease out the two remaining units or an investor seeking cash-flow in this low-vacancy submarket.
2016 1st Street NW is located six blocks from the Shaw metro station, and it is centrally located between Howard University, two hospitals and walking distance to the central business district. LeDroit Park if one of Washington DC’s most affluent neighborhoods. The average median household income is $131,694 as of 2024, which is 175% of the national average. In addition, 41% of habitants hold a Master’s Degree or higher certification and 59% of the residents are between the ages of 25 and 44.
Known for its Victorian Architecture, LeDroit Park has a profound history tied to Howard University, which borders the neighborhood. LeDroit Park has a consistent
tenant base and is one of the highest demand rental markets in the city.
Location
State DC
County Washington
Zoning RF-1
Interior
Interior Features Additional Stairway, Ceiling Fan(s), Dining Area, Flat, Pantry, Wood Floors
Hot Water Tankless
Heating Hot Water
Cooling Central A/C
Equipment Built-In Range, Dishwasher, Disposal, Dryer, Energy Efficient Appliances, Microwave, Oven - Single, Stainless Steel Appliances, Washer, Water Heater - Tankless
Fireplace N
Window Features Vinyl Clad
Appliance Built-In Range, Dishwasher, Disposal, Dryer, Energy Efficient Appliances, Microwave, Oven - Single, Stainless Steel Appliances, Washer, Water Heater - Tankless
Heat Source Electric
Exterior
Exterior Feature Balconies- Multiple, Brick, Deck(s), Patio(s)
Garage Spaces 2.0
Waterfront N
Water Access N
View City
Accessibility 2+ Access Exits
Porch Balconies- Multiple, Brick, Deck(s), Patio(s)
Total Parking Spaces 2
Garage N
Building
Foundation Other
Sewer Public Sewer
Water Public
Architectural Style Dwelling with Rental, Unit/Flat
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Tax ID 3116//0011
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing FHA, Conventional, Cash, VA
Listing Terms FHA, Conventional, Cash, VA
Financing FHA,Conventional,Cash,VA
Special Listing Condition Standard
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