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325 V St
For Sale $1,200,000 ($453.17 per Sq Ft)
$1,200,000 ($453.17 per Sq Ft)
- Unknown Bedrooms
- Unknown Bathrooms
- 2,648 Sq Ft
- 1,401 Sq Ft
Description
**Investment Opportunity in Eckington, DC**
Seize this rare chance to invest in the highly desirable Eckington neighborhood with this recently updated two-unit building, featuring a total of 8 bedrooms and 3 full baths. Boasting stunning hardwood floors and brand-new appliances, this property harmoniously blends classic charm with modern comfort.
Perfectly located within walking distance of McKinley Tech High School, Howard University, and the vibrant Union Market, this building offers exceptional convenience. It comes with an approved certificate of occupancy and is fully rent-ready, making it ideal for both investors and homeowners.
The financial potential is impressive, with proformas indicating a possible gross revenue of over $102,000 annually, providing an attractive cap rate when fully rented. If you decide to occupy the upper unit and rent out the lower unit, you can still anticipate a solid annual minimum rental income of $60,600, translating to $5,050 per month (with potential increases once current tenants vacate in January 2025).
Whether your goal is to generate significant passive income or to live in one unit while renting out the other, this property presents endless possibilities for financial growth. Don’t miss your chance to secure a prime investment for your future.
Please note that Unit #1 is currently occupied and requires 48 hours' notice for showings. Contact the listing agent for all showing requests.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,200,000 |
| Property Type | Duplex (2-units) |
| Usable Sqft | 2,648 |
| Number of Stories | 3 stories |
| Parking Spots | 0 spots |
| Year Built | 1923 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 3563//0103 |
| MLS # | DCDC2157870 |
| Property ID | 293765769 |
| Lot Sqft | 1,401 |
| Zoning | RF-1 |
| Total Units | 2 |
| Days on Market | 74 |
| Original List Price | Unknown |
| Applicances | Built-In Range,Cooktop,Dishwasher,Washer/Dryer Stacked% |
| Date Updated | October 11, 2024 |
| Date Created | September 09, 2024 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $60,600 | $0 |
Listing Provided By
Sabrina Kim an agent of .
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Data last updated: November 22, 2024.
Robert Crawford
REAL ESTATE AGENT