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607 18th Street NEWashington, DC 20002MLS Number DCDC2064432

  • Price: $749,900
  • 39 Days on Market
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Federal 30-year interest rate: 6.7% last updated on Sep 29, 2022
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Active with Contract
607 18th Street NE Washington DC 20002607 18th Street NE Washington DC 20002
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  • 0.02Acreage
  • 1926Year Built
  • 893Price Per Square Foot
  • 2Units
Price improvement of $50,000!! Seller motivated so bring all offers. Welcome to this fantastic investment opportunity. This is a perfect first time investment. It has 1-2 bedroom 1 bath unit and 2-1 bedroom 1 bath unit. They are fully self contained and each unit has it's own HVAC and hot water heaters. It is separately metered for electric. Currently 100% leased out to Section 8 tenants. Here is a chance to own an investment property in an up and coming area with a ton of construction going on in the area. This is a cash cow! Owners are requesting that the buyer provide proof of funds or a lender letter. TOPA has not been issued. Leases, CofO and P&L avialble within the study period.
Listed by Samuel R Davis, Long & Foster Real Estate,Inc.

Driving Directions

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 NameLong & Foster Real Estate, Inc.
  • List Price$749,900
  • MLS NumberDCDC2064432
  • MLS Property TypeCommercial Sale
  • Price Per Square Foot893
  • Security FeaturesCarbon Monoxide Detector(s), Smoke Detector
  • StatusActive With Contract
  • Units2

Property

  • Acreage0.02
  • Business TypeApartment Building
  • Lot Size SourceEstimated
  • Lot Size Square Feet923
  • Property ConditionVery Good
  • Property SubTypeOther
  • ZoningRF1

Other

  • Annual Gross Expense14929
  • Cap Rate3
  • Gross Income57683
  • Operating Expense IncludesManagement Fees, Landscaping, Pest Control, Repair/Maintenance, Snow Removal, Water
  • Soil TypesUrban Land-Sassafras-Chillum

Tax Information

  • Assessment Year2021
  • Tax Assessment Amount468840
  • Tax Year2021
  • Taxes$3,808
  • Total Taxes Payment FrequencyAnnually

Building

  • Building Area SourceEstimated
  • Building Area Total840
  • Construction MaterialsBrick
  • FoundationBlock
  • Garage Spaces
  • Num Attached Garage Spaces
  • Num Detached Garage Spaces
  • Total Garage And Parking Spaces
  • Year Built1926

Parking

  • Assigned Parking Spaces
  • Parking TypesOn Street

Basic Information

  • Date Listed08/28/2022

Location

  • Address607 18th Street NE
  • Building Number607
  • CountyWashington
  • Cross Street18th
  • DirectionsTake Benning Road East to 18th and turn right. Then to 607 18th.
  • In City Limits YNYes
  • StateDC
  • SubdivisionOld City #1
  • TownWashington
  • Zip20002

Utilities

  • CoolingNone
  • Cooling FuelElectric
  • Heat SystemHot Water
  • Heating FuelElectric, Central
  • Heating YNYes
  • SewerPublic Sewer
  • Water HeaterElectric
  • Water SourcePublic

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Copyright 2022 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 October 5, 2022. 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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