A rare investment opportunity in the heart of one of the most sought-after neighborhoods in all of Washington, DC. Located on a gorgeous tree-lined street just steps to bustling 14th Street and U Street corridors, this offering comprises of two newly built attached properties that were developed as luxury condos in 20018. The current owner has operated both buildings as corporate and/or short term rentals. The buildings collectively are earning an Annual NOI (Net Operating Income) of $583,000. The Cap Rate is just over 12%. This assemblage is an ideal turn-key investment opportunity for a first-time or seasoned investor, and/or Landlord Occupant.
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Listing Snapshot
Price
$4,000,000
Days On Site
31 Days
Bedrooms
6
Inside Area (SqFt)
N/A
Total Baths
8
Full Baths
6
Partial Baths
2
Lot Size
0.04 Acres
Year Built
2018
MLS® Number
DCDC2190918
Status
Active
Property Tax
$6,660
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Assessor
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Recent Activity
a month ago
Listing updated with changes from the MLS®
a month ago
Listing first seen on site
General Features
Acres
0.04
Carport
2
Foundation
BlockSlab
Parking
Off StreetAlley AccessAttached CarportParking LotAttached
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