$ 624,900
-
$624,900
Price -
4
Bed - Bath
-
2,592
SqFt
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About the Listing CBRB106 - 122824
***$25,000 PRICE REDUCTION***OPEN HOUSE SATURDAY SEPTEMBER 6th FROM 1PM-2PM***EXCELLENT OPPORTUNITY FOR INVESTOR OR FIRST TIME HOMEBUYER***Welcome to 2303 S Street SE a FOUR unit apartment building located in the subdivision of Randal Heights, Washington DC. At current, each unit offers 1 bedroom/1 bath. Lot size: 5,437 s/f; Zoning R-3; Total building s/f of 2,592. Off-street parking for 2+ vehicles. Two units are “turnkey” with updated flooring, freshly painted and stainless-steel appliances. Exterior in need of some repairs. Excellent investment property. BUILDING IS FULLY DETACHED. EASY CONVERSION TO 2-BEDROOM UNITS WITHOUT ADDING TO FOOTPRINT. Potential fair market rent per unit is $1,500 per month. Expenses: Property Taxes $5,200; Maintenance Fees $6,000; Management Fees: $6,000; Property Insurance: $4,800; Reserves: $8,000; NOI: $42,000; Cap Rate: 7%. BUILDING IS VACANT.
Listing Highlights for 2303 S St SE
Status
Active
Days on Site
140
Property Type
Multi-Family
MLS ®
DCDC2196686
Year Built
1956
Total Square Footage
2,592
Lot/Acreage
0.12
Interior Details
- Bedrooms: 4
- Bathrooms: Full
- Appliances:
- Air Cond:
- Heating: Radiator
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 2592
- Below Ground Sq Ft: 0
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No,In City Limits
- Garage Capacity: N/A
- Parking Spaces: 2
- Zoning: R3
- Roof:
- Others:
- Sewer: Private Sewer,Public Septic
- Parking Features: Off Street,2+ Spaces,1+ Spaces
Financial Details
- Tax Amount: $5,198
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2024
Payment Calculator
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Listing Location
Questions About..
2303 S St SE Washington, DC 20020
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