Homes for sale - 1701 E ST NE, Washington, DC 20002

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Will Shorman

will@shor-properties.com +1(609) 509-8154

$3,425,000

Est. payment - /mo

8,088 SqFt

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UPDATED:

12/22/2024 06:39 PM

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 8,088 sqft

Price per Sqft $423

Subdivision Kingman Park

MLS Listing ID DCDC2171758

Originating Board BRIGHT

Year Built 2008

Annual Tax Amount $7,567

Tax Year 2024

Lot Size 4,176 Sqft

Acres 0.1

Property Description

Welcome to 1701 E Street NE, a unique investment opportunity in a rarely available turn-key 6-Unit 8088 SF Building on Corner Lot with Parking and Strong Cash-flow. Total annual income just over $291K ($24K + monthly), average unit income just over $4049 / month, utilities currently included. Ideal to complete 1031 exchange transactions, TOPA is cleared and a quick closing is possible. Each separately metered unit has an independent circuit panel, CAC, HWH, Laundry and Parking. Relatively new construction (2008) with more recent updates, hardwood floors and double pane windows. Located in the popular Rosedale neighborhood of Capitol Hill along the bustling H Street and Benning Road development corridors. Walk to Rosedale Recreation Center, Pool and Library, Safeway, CVS, Ross, with many shopping and dining options nearby. Bus Lines and Trolley to Locations across the City, Near Future Hechinger Mall & RFK Stadium Development! 86 WALKSCORE, 99 BIKESCORE. Offers encouraged, submit your LOI today.

Location

State DC

County Washington

Zoning RF-1

Interior

Hot Water Electric

Heating Central

Cooling Central A/C

Flooring Hardwood

Heat Source Natural Gas

Exterior

Garage Spaces 6.0

Water Access N

Accessibility None

Total Parking Spaces 6

Garage N

Building

Foundation Crawl Space

Sewer Public Sewer

Water Public

New Construction N

Schools

School District District Of Columbia Public Schools

Others

Tax ID 4546//0139

Ownership Fee Simple

SqFt Source Estimated

Acceptable Financing Cash, Private, Bank Portfolio

Listing Terms Cash, Private, Bank Portfolio

Financing Cash,Private,Bank Portfolio

Special Listing Condition Standard

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Listed by Peter D Grimm • Berkshire Hathaway HomeServices PenFed Realty

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Will Shorman

+1(609) 509-8154

Agent | License ID: 1538633

Agent License ID: 1538633

1701 E ST NE Washington, DC 20002

Will Shorman

Key Details

Location

Interior

Exterior

Building

Schools

Others

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1701 E ST NE