526 NEWTON PL NW Pending

Washington,DC 20010

$ 1300000

- Bed

- Bath

3960 SqFt


Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Pending

Purchase Type For Sale

Square Footage 3,960 sqft

Price per Sqft $328

MLS Listing ID DCDC2129544

Originating Board BRIGHT

Year Built 1953

Annual Tax Amount $5,635

Tax Year 2024

Property Description

Investor Alert! A prime opportunity awaits with this 6-unit building now available for sale. Each unit features one bedroom, one bath, separate utilities, and private balconies. Located 2 blocks off Georgia Ave in the flourishing Petworth/Park View neighborhood, this property presents versatile options for savvy investors. Whether as a strategic buy-and-hold investment with the potential for significant unit upgrades or a lucrative conversion into luxury condos, the possibilities are endless. Noteworthy features include a vacant rear lot, offering further expansion potential. The property will be sold "as-is" and delivered vacant, with six of the units currently owner-occupied. Additionally, the owners may request a short rent-back period post-closing. Showings are exclusively scheduled for Fridays, between 2:30 PM and 5:00 PM. Don't miss out on this exceptional opportunity to capitalize on the thriving real estate market in the sought-after Park View neighborhood.

Location

State DC

County Washington

Zoning RES COOPERATIVE - HORIZON

Interior

Hot Water Electric

Heating Central

Cooling Multi Units

Heat Source Electric

Exterior

Water Access N

Accessibility 2+ Access Exits

Garage N

Building

Lot Description Additional Lot(s)

Sewer Public Septic

Water Public

New Construction N

Schools

School District District Of Columbia Public Schools

Others

Tax ID 3037//0815

Ownership Cooperative

Acceptable Financing Cash,Conventional,Exchange,FHA,FHA 203(b),FHA 203(k),Installment Sale,Joint Venture,Private,Other

Listing Terms Cash,Conventional,Exchange,FHA,FHA 203(b),FHA 203(k),Installment Sale,Joint Venture,Private,Other

Financing Cash,Conventional,Exchange,FHA,FHA 203(b),FHA 203(k),Installment Sale,Joint Venture,Private,Other

Special Listing Condition Standard

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