$1,550,000
$1,650,000
6.1%For more information regarding the value of a property, please contact us for a free consultation.
1631 A ST SE Washington, DC 20003
3,790 SqFt
Key Details
Sold Price $1,550,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 3,790 sqft
Price per Sqft $408
MLS Listing ID DCDC2126114
Sold Date 06/26/24
Style Other
Abv Grd Liv Area 2,790
Originating Board BRIGHT
Year Built 1941
Annual Tax Amount $9,607
Tax Year 2023
Lot Size 2,000 Sqft
Acres 0.05
Property Description
We are offering a rare opportunity to add a turnkey 4 unit apartment building to your portfolio. This is a perfect location & space for an owner to live in a spacious unit, and have 3 rentals paying the mortgage.
Location: Highly sought-after Capitol Hill East neighborhood between Lincoln Park and RFK Stadium. Building is 2 blocks from Stadium Armory Metro (Orange, Blue, and Silver Lines) and the new 19th Street shops and restaurants. Less than 5 minutes to I-295, Eastern Market, and H Street Corridor. Has a Walk Score of 80/100 and a Bike Score of 95/100.
Property: Corner lot features lush landscaping and beautiful large flagstone patio with no grass to maintain. Property includes vacant lot/space adjacent to building. Check with zoning to see what can be developed there.
Building: Solid 1940 construction – all brick with excellent pointing with strongly accented cement quoin stone. Flat graded leak-free roof with interior access. Large new windows installed 2016 providing excellent natural light on 3 sides of each unit. Well-decorated masonry construction center hall with carpeted stairs and floors. Dry basement divided into two spaces with 9 windows installed 2016. Large common basement area features polished concrete floor, dedicated secure storage units, and washers and dryers. Large owner area features excellent storage with separate supply room. Basement also includes 5 individual water heaters – one for each unit and one for laundry.
Expansion possibilities include third floor addition, basement apartment, basement storage rental (there is a separate entrance), and vacant lot for potential development (perfect for a prefabricated tiny house, but check with Zoning).
Units: The building has 2 one-bedroom units and 2 two-bedroom units. Three units are currently (1/23/24) occupied. Each well-maintained apartment has hardwood living room floors, carpeted bedrooms, and tile kitchen floors with custom light fixtures. All kitchens feature ample granite countertops, cherry cabinets with excellent storage, and quality appliances including refrigerators, gas ranges, built-in microwave ovens, and dishwashers. Ceiling fan light fixtures in each bedroom. Each unit is assessed for condition, immaculately cleaned, and completely painted between occupancies. Building thoroughly inspected by DCRA (public record) May 2022. These are luxurious units that rent fast, all feature either stainless steel appliances or sleek black ones, some have quiet Bosch dishwashers.
Unit Special Features:
Unit 1 (owner unit until 2022): Stainless steel appliances including Bosch dishwasher, 2021 bathroom with large walk in glass shower. New bedroom carpets.
Unit 2 – 2023 bathroom with new tub and contemporary bathroom tile.
Unit 3 – new stainless refrigerator and Bosch dishwasher. New bedroom carpets.
Income: Current monthly rents reflect owner’s interest in providing high quality housing.
Zillow rental estimates for units in 20003:
Unit 1 - $3512
Unit 2 - $2375
Unit 3 - $3512
Unit 4 - $2375
The roof has potential for a 22 Kw solar system on the roof, which could generate $8000 per year in DC SRECs ($400 x 22 KwH). This does not include the potential money saved on generating electricity.
Expenses: Electricity and gas are separately metered and paid by tenants; current owner pays electric and gas for common areas. Each tenant pays owner $25 per month for water. Tenants are responsible for internet. Current owner pays for private trash collection.
Location
State DC
County Washington
Zoning RF-1
Rooms
Basement Connecting Stairway, Daylight, Partial, Full, Interior Access, Outside Entrance, Poured Concrete, Rear Entrance, Shelving, Windows
Interior
Interior Features Carpet, Ceiling Fan(s), Combination Kitchen/Living, Entry Level Bedroom, Bathroom - Tub Shower, Bar, Kitchen - Galley, Kitchen - Efficiency, Kitchen - Gourmet, Window Treatments
Hot Water Natural Gas
Heating Hot Water
Cooling Central A/C
Flooring Hardwood, Fully Carpeted, Concrete, Wood
Equipment Built-In Microwave, Dishwasher, Disposal, Oven/Range - Gas, Range Hood, Water Heater
Fireplace N
Window Features Double Pane
Appliance Built-In Microwave, Dishwasher, Disposal, Oven/Range - Gas, Range Hood, Water Heater
Heat Source Natural Gas
Exterior
Exterior Feature Patio(s)
Water Access N
Roof Type Unknown
Accessibility None
Porch Patio(s)
Garage N
Building
Lot Description Corner, Landscaping, SideYard(s)
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
Structure Type Dry Wall,Other
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Tax ID 1086//0804
Ownership Fee Simple
SqFt Source Assessor
Security Features Main Entrance Lock,Security System
Acceptable Financing Cash, Conventional, VA, Private, Negotiable
Listing Terms Cash, Conventional, VA, Private, Negotiable
Financing Cash,Conventional,VA,Private,Negotiable
Special Listing Condition Standard
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with David Adebayo • RE/MAX Excellence Realty