$2,300,000
$2,595,000
11.4%For more information regarding the value of a property, please contact us for a free consultation.
5,414 SqFt
SOLD DATE : 07/01/2024
Key Details
Sold Price $2,300,000
Property Type Multi-Family
Sub Type End of Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 5,414 sqft
Price per Sqft $424
Subdivision Logan Circle
MLS Listing ID DCDC2130116
Sold Date 07/01/24
Style Victorian
Abv Grd Liv Area 4,370
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $11,797
Tax Year 2022
Lot Size 1,583 Sqft
Acres 0.04
Property Description
Prime corner location 6-unit rental in excellent condition and just 1.5 blocks from Logan Circle in Washington DC. Highly desirable and easy to rent, this investment property is ready to add to your portfolio. Its condition and location make it an ideal investment capable of commanding above market rents. Currently configured into five 1BRs and a massive 2BR, the building features 6,060 sf of MU-4 (mixed use) zoning. Currently, 5 units are operated under a corporate housing model that can be continued or transitioned into yearly leases after the sale. One unit is under current lease that runs through April 2024. It has a two-car garage and driveway parking for two additional cars.
Fully renovated in 2008, the units are outfitted with solid cherry hardwood floors, tall ceilings with recessed lights, and travertine marble baths with tubs and glass showers. the kitchens vary in size, but most include white quartz counters, stainless steel appliances, dishwashers and breakfast bars. Each unit has its own front loading washer/dryer. Heating and AC are electric heat pumps and the cooking fuel is gas. There are seven electrical meters including one for each unit and one house meter. Each unit has a 200 amp service and has been fully upgraded.
Originally built in 1900, the building is historic and includes a L'Enfant façade easement. The front entry is grand with wood and glass french doors topped with a decorative leaded transom. The front and side yards are low maintenance stone and there are crepe myrtle trees all around. Unit B is a huge and bright 1BR/1.5BA in the basement with windows all around and its own separate entrance.. Unit 1F is a 1,400+ sf 2BR/2.5BA with tall ceilings, its own fireplace, a gourmet kitchen with a sub zero fridge and massive bedrooms, its own rear balcony. Unit 2F is a 1BR/1BA in the front with a large bay window and ample southern light and a stylish kitchen. Unit 2R is a 1BR/1BA with multiple exposures, a large bedroom, a quartz countered wrap-around kitchen and large entryway with multiple closets. Unit 3F is a 1BR/1BA on the top floor set into the mansard roof with a separate kitchen, big bedroom, a curved wall and a marble bath with glass shower. Unit 3R is a top floor 1BR w/sleek kitchen, large bedroom, great views and plenty of storage.
*** Close to metro, bus lines, Whole Foods, bars, restaurants, yoga and fitness studios, downtown DC and more. 14th St, NW is a 5 minute walk. ***
Location
State DC
County Washington
Zoning MU-4
Interior
Hot Water Natural Gas, Instant Hot Water, Electric
Heating Heat Pump - Electric BackUp
Cooling Central A/C
Flooring Hardwood
Fireplaces Number 2
Fireplace Y
Heat Source Electric
Exterior
Garage Basement Garage
Garage Spaces 4.0
Waterfront N
Water Access N
Accessibility Other
Parking Type Parking Garage, Driveway
Total Parking Spaces 4
Garage Y
Building
Foundation Block
Sewer Public Sewer
Water Public
Architectural Style Victorian
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Tax ID 0311//0003
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Shiva Zargham • Compass
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