1944 3RD STREET NE

WASHINGTON, DC, 20002

$1,649,500

$462 per ft²
$1,649,500
$462 per ft²
Sold
Sold
carpenters-square
3,570 ft²
property_type
Multi-family
calendar
Built 1939
INVESTOR ALERT! 4-Unit Apartment Building with largest lot on the block which allows for more units. Highlights include: * Located in Eckington * Large lot with over 7,000 square feet * Surrounded by new condo developments * Next door converted units have sold for up to $675,000 / unit * Building is currently exempt from rent control * Approved HCVP rents are $5K plus / month for four bedroom units and $2.8k plus / month for two bedroom units with utilities * Building is comprised of two 3 bedrooms and den units and two 1 bedroom and den units where dens can potentially be converted to additional bedroom * Building can be delivered vacant * Large floor plan with large bedrooms * Basement with storage space * Building is semi-detached * Space in rear provides off street parking * Gas / Electrical / Hot Water separated in each unit * Low operating expenses * Upgraded Electrical w/ heavy up and circuit breakers * Upgraded plumbing * On site laundry facility in basement * Walking distance to Metro / Bus transportation * Situated between major developments (Eckington Yards and Bryant Place) * Potential double digit cap rates if maintained as rental property * You can't go wrong whether you convert to condos or maintain as rental property Don't lose out on the best deal around! Proof of funding to close required.
MLS® ID:
DCDC2028692
Updated:
8/7/22

Interior Features

Kitchen Appliances
Refrigerator, Stove
Total Bedrooms
0
Total Bathrooms
0
Interior Features
Ceiling Fan(s), Wood Floors
Floor Description
Hardwood
Cooling
Window Unit(s)
Heating
Hot Water

Exterior/Building Features

Lot Size
7,013 ft² lot
Exterior Features
Sidewalks
Architectural Style
Other
Roof
Flat
Sewer
Public Sewer

School Information

School District
DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Other Property Details

Taxes
$8121.00
Tax Frequency
per YEAR
Garage
No
Parking
N
View
N
County
WASHINGTON
Utilities
Cable TV, Electric Available, Multiple Phone Lines, Natural Gas Available, Phone Available, Sewer Available, Water Available
Water Source
Public
Pool
No
Total Stories
3
Zoning
R4

Property History

Date
Event
Price
Value
8/1/22
Sold
-
-
2/17/22
Pending
-
-
1/26/22
Active Under Contract
-
-

Courtesy of Fairfax Realty Elite

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s), the owner of this website, nor Luxury Presence shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

©2022 BRIGHT MLS. All rights reserved.

Data last updated 3:22 PM UTC, 8/7/22

Contact