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5920 Foote Street NeWashington, DC 20019MLS Number DCDC2116394

  • Price: $1,700,000
  • 47 Days on Market
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Federal 30-year interest rate: 7.22% last updated on Nov 30, 2023
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  • 0.15Acreage
  • 1952Year Built
  • 212Price Per Square Foot
  • 12Units
Don't miss out on a prime investment opportunity in the rapidly-growing Deanwood Neighborhood at 5920 Foote St NE! This strategically located 12-unit multifamily building, just off Eastern Ave with all 6 Metro lines nearby, offers a diverse unit mix with 5 spacious 2-bedroom and 7 comfortable 1-bedroom units. 75% vacancy allows for immediate renovation, and TOPA period has been initiated with the 3 current tenants indicating they will not exercise their TOPA rights. Consider converting 1-bedroom units to 2-bedroom to potentially increase gross annual rents by up to $250,000. Units are separately metered and share water. The Deanwood Submarket is in one of the last underdeveloped Wards in DC and has attracted major attention from both the private and public sector. It's on a seemingly endless array of “best of” real estate lists, with Redfin naming it one of “10 hottest neighborhoods in the COUNTRY”. Numerous multi-million development projects are underway in Ward 7, including the $75M Deanwood Town Center and the $115M+ Parkside redevelopment project in D.C., covering 26 acres and 3.1 million square feet. Act now and be part of the exciting revitalization in the area!
Listed by Khaled Al hajbeh, Samson Properties

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Yeonas & Shafran Real Estate, LLC

Your Local Office

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

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Location Information

  • UsmAreaWashington

Parking

  • Parking TypesNone

Basic Information

  • Date Listed10/19/2023

Location

  • Address5920 Foote Street Ne
  • Building Number5920
  • CountyWashington
  • DirectionsOff of Eastern Ave
  • In City Limits YNYes
  • StateDC
  • TownWashington
  • Zip20019

Utilities

  • CoolingOther, Window Unit(s)
  • Cooling FuelElectric
  • Heat SystemForced Air
  • Heating FuelOther
  • Heating YNYes
  • SewerPublic Sewer
  • Water HeaterOther
  • Water SourcePublic

Basic Information

  • Broker NameSamson Properties
  • List Price$1,700,000
  • MLS NumberDCDC2116394
  • MLS Property TypeCommercial Sale
  • Price Per Square Foot212
  • StatusACT
  • Units12

Building

  • Building Area SourceAssessor
  • Building Area Total8019
  • Construction MaterialsBrick
  • Year Built1952
  • Year Built Effective2006

Legal

  • PossessionNegotiable,0-30 Days CD,120-180 Days,31-60 Days CD,61-90 Days CD,90-120 Days CD
  • Sale TypeStandard

Other

  • Operating Expense IncludesTrash, Water, Insurance, Other
  • Soil TypesUnknown
  • View Count1

Tax Information

  • Assessment Year2022
  • City Town Tax$8,742
  • City Town Tax Payment FrequencyAnnually
  • County Tax Payment FrequencyAnnually
  • Tax Assessment Amount$1,047,600
  • Tax Lot40
  • Tax Year2022
  • Taxes$8,742
  • Total Taxes Payment FrequencyAnnually

Property

  • Acreage0.15
  • Business TypeApartment Building
  • Lot Size SourceAssessor
  • Lot Size Square Feet6,681
  • New Construction YNN
  • Property SubTypeFive Or More Units
  • ZoningUNK

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Copyright 2023 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 4, 2023. 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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