***PRICE REDUCTION $599,000***EXCELLENT OPPORTUNITY FOR INVESTOR OR FIRST TIME HOMEBUYER***Welcome to 2303 S Street SE a FOUR unit apartment building located in the subdivision of Randal Heights, Washington DC. At current, each unit offers 1 bedroom/1 bath. Lot size: 5,437 s/f; Zoning R-3; Total building s/f of 2,592. Off-street parking… Read More for 2+ vehicles. Two units are ''turnkey'' with updated flooring, freshly painted and stainless-steel appliances. Exterior in need of some repairs. Excellent investment property. BUILDING IS FULLY DETACHED. EASY CONVERSION TO 2-BEDROOM UNITS WITHOUT ADDING TO FOOTPRINT. Potential fair market rent per unit is $1,500 per month. Expenses: Property Taxes $5,200; Maintenance Fees $6,000; Management Fees: $6,000; Property Insurance: $4,800; Reserves: $8,000; NOI: $42,000; Cap Rate: 7%. BUILDING IS VACANT. Read Less
Courtesy of Al Rice, Coldwell Banker Realty - Washington [email protected]
Listing Snapshot
Days Online
184
Last Updated
Property Type
Single Family Residential
Square Ft.
2,592
Lot Size
0.12 Acres
Year Built
1956
MLS Number
DCDC2196686
30 Days Snapshot Of 20020
$389k
+22%
(avg) sold price
13
-40%
homes sold
85
+30%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
2,592 sqft living area, Built in 1956, Structure Type: Detached, 4 units in building, Traditional, Brick
Cooling
Electric, None
Foundation
Block
Heating
Natural Gas, Radiator
Lot
5,437 sqft, 0.12 acres
Property
Other Structures: Above Grade, Below Grade, Soil Types: Unknown, 4 one-bedroom units
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