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1701 E St
For Sale $3,425,000
$3,425,000
- 6 Units
- Unknown Sq Ft
- 4,176 Sq Ft
- Unknown Cap Rate
Description
NOW PRICED $100K UNDER APPRAISAL - Great Location with Massive Income and 6%+ CAP Rate! Rarely available turn-key 6-Unit 8000 SF Building on Corner Lot with Parking, Great Income and Strong Cash-flow. Total annual income just over $292K ($24K + monthly), average unit income is $4062 / month, utilities currently included. Each separately metered unit has an independent circuit panel, CAC, HWH, Laundry and Parking. Relatively new construction (2008) with some more recent updates, hardwood floors and double pane windows. Located in the popular Rosedale neighborhood of Capitol Hill along the bustling H Street and Benning Road development corridors. Walk to Rosedale Recreation Center, Pool and Library, Safeway, CVS, Ross, with many shopping and dining options nearby. Bus Lines and Trolley to Locations across the City, Near Hechinger Development, RFK Development, More! 86 WALKSCORE, 99 BIKESCORE! Run the numbers, call today for more information and a tour!
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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 | $3,425,000 |
| Property Type | Multi-Family |
| Usable Sqft | Unknown |
| Number of Stories | 3 stories |
| Parking Spots | 0 spots |
| Year Built | 2008 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 4546//0139 |
| MLS # | DCDC2138210 |
| Property ID | 320563468 |
| Lot Sqft | 4,176 |
| Zoning | RF-1 |
| Total Units | 6 |
| Days on Market | 169 |
| Original List Price | Unknown |
| Date Updated | November 20, 2024 |
| Date Created | June 06, 2024 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $291,552 | $0 |
| Operating Expenses | $ 75,067 |
| Net Income (Yr) | $ 216,485 |
| Cap Rate | 6.32% |
Listing Provided By
Peter D Grimm an agent of . Lic #SP98366089
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Data last updated: November 22, 2024.
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REAL ESTATE AGENT