Listing provided courtesy of: Keller Williams Chantilly Ventures.
325 V Street
Washington, DC 20002-
Est. Payment/ mo
**Investment Opportunity in Eckington, DC**
Seize this rare chance to invest in the highly desirable Eckington neighborhood with this recently updated two-unit building, featuring a total of 8 bedrooms and 3 full baths. Boasting stunning hardwood floors and brand-new appliances, this property harmoniously blends classic charm with modern comfort.
Perfectly located within walking distance of McKinley Tech High School, Howard University, and the vibrant Union Market, this building offers exceptional convenience. It comes with an approved certificate of occupancy and is fully rent-ready, making it ideal for both investors and homeowners.
The financial potential is impressive, with proformas indicating a possible gross revenue of over $102,000 annually, providing an attractive cap rate when fully rented. If you decide to occupy the upper unit and rent out the lower unit, you can still anticipate a solid annual minimum rental income of $60,600, translating to $5,050 per month (with potential increases once current tenants vacate in January 2025).
Whether your goal is to generate significant passive income or to live in one unit while renting out the other, this property presents endless possibilities for financial growth. Don’t miss your chance to secure a prime investment for your future.
Please note that Unit #1 is currently occupied and requires 48 hours' notice for showings. Contact the listing agent for all showing requests.
PROPERTY DETAILS
- Price $1,200,000
- Price / Sq Ft $453
- Beds 1
- Bldg/Unit Size (Sq Ft) 2,648
- Building Units 2
- Land/Lot Size (Sq Ft) 1,307
- Property Type Residential Income
- Floors / Stories 3
- Year Built 1923
- MLS Number DCDC2157870
- Days on Market 27
TAXES & HOA
- Annual Taxes (USD) $5,916
DISCLAIMERS, ANCILLARY INFO, DISCLOSURES & OTHER LEGAL STUFF
Listing provided courtesy of: Keller Williams Chantilly Ventures. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. BRIGHT MLS assumes no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Information is deemed reliable but not guaranteed. © 2024 by BRIGHT MLS. All rights reserved. Listing last updated on 10/07/2024 12:12:00
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