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1701 E St
For Sale $3,325,000
$3,325,000
- 6 Units
- Unknown Sq Ft
- 4,176 Sq Ft
- Unknown Cap Rate
Description
NEW YEAR, NEW PRICE - Now Reduced $200K - Welcome to 1701 E Street NE, a unique investment opportunity in a rarely available turn-key 6-Unit 8088 SF Building on Corner Lot with Parking and Strong Cash-flow. Total annual income just over $291K ($24K + monthly), average unit income just over $4049 / month, utilities currently included. Ideal to complete 1031 exchange transactions, TOPA is cleared and a quick closing is possible. Each separately metered unit has an independent circuit panel, CAC, HWH, Laundry and Parking. Relatively new construction (2008) with 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 Future Hechinger Mall & RFK Stadium Development! 86 WALKSCORE, 99 BIKESCORE. Offers encouraged, submit your LOI today.
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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 | $3,325,000 |
| 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 # | DCDC2171758 |
| Property ID | 321114648 |
| Lot Sqft | 4,176 |
| Zoning | RF-1 |
| Total Units | 6 |
| Days on Market | 30 |
| Original List Price | Unknown |
| Date Updated | January 01, 2025 |
| Date Created | December 12, 2024 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $291,552 | $0 |
| Operating Expenses | $ 67,500 |
| Net Income (Yr) | $ 224,052 |
| Cap Rate | 6.54% |
Listing Provided By
Peter D Grimm an agent of . Lic #SP98366089
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Data last updated: January 11, 2025.
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