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325 V ST NE Washington, DC 20002
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Key Details
Sold Price $1,125,000
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 2,652 sqft
Price per Sqft $424
Subdivision Eckington
MLS Listing ID DCDC2083668
Sold Date 04/11/23
Style Federal
Abv Grd Liv Area 1,768
Originating Board BRIGHT
Year Built 1923
Annual Tax Amount $5,756
Tax Year 2022
Lot Size 1,401 Sqft
Acres 0.03
Property Description
This recently updated two unit duplex is located in the coveted Eckington neighborhood within DC. Boasting hardwood floors and brand-new appliances, this property offers the perfect blend of old and new to be enjoyed by tenants or owner occupied. The prime location offers walking distance to top-ranked McKinley Tech High School, Howard University, and vibrant Union Market. The building comes with an already approved certificate of occupancy from DCRA and rent ready. This property offers endless possibilities as an investment or owner-occupancy. Proformas show an expected gross revenue of over $84,000 annually with an 11.8% return at a 7.1% Cap Rate, if fully rented or $70,000 annually if owner occupies the upper unit and rents the lower unit for $5,757 a month.
Location
State DC
County Washington
Zoning RF-1
Rooms
Basement Fully Finished, Improved, Connecting Stairway, Rear Entrance
Interior
Hot Water Natural Gas
Heating Hot Water
Cooling Central A/C
Flooring Hardwood
Equipment Dishwasher, Disposal, Oven/Range - Gas, Refrigerator
Fireplace N
Appliance Dishwasher, Disposal, Oven/Range - Gas, Refrigerator
Heat Source Natural Gas
Exterior
Exterior Feature Deck(s)
Utilities Available Water Available, Sewer Available, Electric Available, Natural Gas Available
Water Access N
Accessibility None
Porch Deck(s)
Garage N
Building
Foundation Brick/Mortar, Pilings
Sewer Public Sewer, Public Septic
Water Public
Architectural Style Federal
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Tax ID 3563//0103
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Financing Cash,Conventional,Other
Special Listing Condition Standard
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Bought with David Adebayo • RE/MAX Excellence Realty
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