$1,114,000
$1,099,000
1.4%For more information regarding the value of a property, please contact us for a free consultation.
1212 16TH ST NE Washington, DC 20002
2,640 SqFt
Key Details
Sold Price $1,114,000
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 2,640 sqft
Price per Sqft $421
Subdivision Trinidad
MLS Listing ID DCDC2137154
Sold Date 06/20/24
Style Federal
Abv Grd Liv Area 2,640
Originating Board BRIGHT
Year Built 1942
Annual Tax Amount $5,570
Tax Year 2022
Lot Size 3,041 Sqft
Acres 0.07
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.
Location
State DC
County Washington
Zoning RESIDENTIAL
Rooms
Basement Rear Entrance, Sump Pump, Other
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Flooring Laminated
Equipment Dishwasher, Disposal, Washer, Dryer, Refrigerator, Oven/Range - Gas
Fireplace N
Appliance Dishwasher, Disposal, Washer, Dryer, Refrigerator, Oven/Range - Gas
Heat Source Natural Gas
Exterior
Utilities Available Natural Gas Available, Water Available, Electric Available
Waterfront N
Water Access N
Roof Type Flat
Accessibility Other
Garage N
Building
Foundation Other
Sewer Public Sewer
Water Public
Architectural Style Federal
Additional Building Above Grade, Below Grade
Structure Type Dry Wall
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Tax ID 4079//0820
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Angelo Industrious • Keller Williams Capital Properties
