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709 Irving St NeWashington, DC 20017MLS Number DCDC2005008

  • Price: $2,549,995
  • 138 Days on Market
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Federal 30-year interest rate: 3.11% last updated on Dec 2, 2021
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709 Irving St Ne Washington DC 20017709 Irving St Ne Washington DC 20017709 Irving St Ne Washington DC 20017709 Irving St Ne Washington DC 20017709 Irving St Ne Washington DC 20017709 Irving St Ne Washington DC 20017709 Irving St Ne Washington DC 20017709 Irving St Ne Washington DC 20017709 Irving St Ne Washington DC 20017709 Irving St Ne Washington DC 20017709 Irving St Ne Washington DC 20017709 Irving St Ne Washington DC 20017709 Irving St Ne Washington DC 20017
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  • 0.12Acreage
  • 1932Year Built
  • 311Price Per Square Foot
  • 5Units
709 Irving Street NE is a 5-unit boutique apartment building that has a strong performance history through providing housing for Catholic University students and other members of the burgeoning Brookland and Edgewood communities. The building consists of four (3) bedroom units and a (7) bedroom unit and offers a turnkey 5.23% cap rate investment. The Covid-19 pandemic did not affect asset performance, vacancy or operating expenses, and in 2019 and 2020 the average gross operating income was $205,573 with an average net operating income of $139,235. The building's oversized units have a history of high occupancy rates and monthly market rents that range from $3,000 to $6,386. Complimentary off-street parking is provided for the tenants in the rear. Fully renovated less than 10 years ago, this well-maintained asset eliminates any expenditures for a new operator and is a turnkey investment with no deferred maintenance. All units are separately-metered for electricity, helping an owner control operational expenses, and tenants are responsible for all utilities except trash and recycling.
Listed by Christopher S Burns, TTR Sotheby's International Realty

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Yeonas & Shafran Real Estate, LLC
Yeonas & Shafran Real Estate, LLC
Office: 703-790-3330
1309 Vincent Pl
McLean, VA 22101

More Info

Basic Information

  • Broker NameTTR Sotheby's International Realty
  • List Price$2,549,995
  • MLS NumberDCDC2005008
  • MLS Property TypeCommercial Sale
  • Price Per Square Foot311
  • StatusACT
  • Units5
  • Vacation Rental YNN

Building

  • Building Area SourceAssessor
  • Building Area Total8190
  • Construction MaterialsCombination
  • Garage Spaces
  • Num Attached Garage Spaces
  • Num Detached Garage Spaces
  • Total Garage And Parking Spaces3
  • Year Built1932

Water Body

  • Tidal Water YNN
  • Water AccessN
  • Water View YNN
  • WaterfrontN

Tax Information

  • Assessment Year2020
  • City Town Tax13874
  • City Town Tax Payment FrequencyAnnually
  • Tax Assessment Amount1800970
  • Tax Lot32
  • Tax Year2020
  • Taxes$13,874
  • Total Taxes Payment FrequencyAnnually

Property

  • Acreage0.12
  • Business TypeApartment Building
  • Lot Size SourceAssessor
  • Lot Size Square Feet5,159
  • New Construction YNN
  • Property SubTypeFive Or More Units
  • ZoningRF-1

Amenities

  • Accessibility AmenitiesNone

Other

  • Soil TypesUrban Land-Sassafras-Chillum

Parking

  • Assigned Parking Spaces
  • Parking TypesParking Lot

Basic Information

  • Date Listed07/23/2021

Location

  • Address709 Irving St Ne
  • Building Number709
  • CountyWashington
  • DirectionsEnter address into Google Maps or Waze
  • In City Limits YNY
  • StateDC
  • TownWashington
  • Water Oriented YNN
  • Zip20017

Utilities

  • Central Air YNY
  • CoolingCentral A/C
  • Cooling FuelElectric
  • Heat SystemCentral
  • Heating FuelElectric
  • Heating YNY
  • SewerPublic Sewer
  • Water HeaterElectric
  • Water SourcePublic

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Copyright 2021 BRIGHT, All Rights Reserved.  Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Yeonas & Shafran Real Estate participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Data last updated December 8, 2021. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.

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