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2016 1ST Street NW

WASHINGTON, DC 20001
  • $1,200,000
  • STATUS: Active
  • ON SITE: 131 Days
  • ID#: DCDC2152484
$1,200,000
  • 0
    BEDS
  • 0.04
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,859
    SQFT
  • $420
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1908
County:

School Ratings & Info

Description

2016 1st Street NW, DC 20001, in the Le Droit Park subdivision is a newly renovated buildingsituated on a .04-acre lot, amassing three levels.Zoned RF-1, this historically zoned building includes 2,859 square feet of rentable space with three separately metered three units, comprised of a one-bedroom unit, a one-bedroom unit with a den and a two bedroom unit. Each of the units have energy efficient HVAC systems, new high efficiency washer and dryers, waterless tank water heaters, new luxury laminate flooring, stainless steel appliances, and granite counter tops, The building has also received a complete renovation in 2023 with a new roof, new electrical wiring, and new plumbing. The units all have front and rear alley access including patio deck spaces on the second and third floors. There are two parking spaces with access from the alley in the rear of the building.2016 1st Street NW is being sold vacant and TOPA free. An investor can achieve a stabilized NOI of approximately $84,081 upon stabilization. This building offers a unique opportunity for a homeowner that wants to reside in one unit and lease out the two remaining units or an investor seeking cash-flow in this low-vacancy submarket.2016 1st Street NW is located six blocks from the Shaw metro station, and it is centrally located between Howard University, two hospitals and walking distance to the central business district. LeDroit Park if one of Washington DCs most affluent neighborhoods. The average median household income is $131,694 as of 2024, which is 175% of the national average. In addition, 41% of habitants hold a Masters Degree or higher certification and 59% of the residents are between the ages of 25 and 44.Known for its Victorian Architecture, LeDroit Park has a profound history tied to Howard University, which borders the neighborhood. LeDroit Park has a consistenttenant base and is one of the highest demand rental markets in the city.

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Pearson Smith Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-12-08T23:50:37.2.
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2016 1ST Street NW WASHINGTON, DC 20001

  • Price: $1,200,000
  • Status: Active
  • On Site: 131 Days
  • ID#: DCDC2152484
0
Beds
0
Baths
0
½ Baths
0.04
Acres
2,859
SQFT
$420
$/SQFT
1908
Built
Neighborhood:
Bloomingdale
County:
Washington
School District:
District Of Columbia Public Schools
Property Description
2016 1st Street NW, DC 20001, in the Le Droit Park subdivision is a newly renovated buildingsituated on a .04-acre lot, amassing three levels.Zoned RF-1, this historically zoned building includes 2,859 square feet of rentable space with three separately metered three units, comprised of a one-bedroom unit, a one-bedroom unit with a den and a two bedroom unit. Each of the units have energy efficient HVAC systems, new high efficiency washer and dryers, waterless tank water heaters, new luxury laminate flooring, stainless steel appliances, and granite counter tops, The building has also received a complete renovation in 2023 with a new roof, new electrical wiring, and new plumbing. The units all have front and rear alley access including patio deck spaces on the second and third floors. There are two parking spaces with access from the alley in the rear of the building.2016 1st Street NW is being sold vacant and TOPA free. An investor can achieve a stabilized NOI of approximately $84,081 upon stabilization. This building offers a unique opportunity for a homeowner that wants to reside in one unit and lease out the two remaining units or an investor seeking cash-flow in this low-vacancy submarket.2016 1st Street NW is located six blocks from the Shaw metro station, and it is centrally located between Howard University, two hospitals and walking distance to the central business district. LeDroit Park if one of Washington DCs most affluent neighborhoods. The average median household income is $131,694 as of 2024, which is 175% of the national average. In addition, 41% of habitants hold a Masters Degree or higher certification and 59% of the residents are between the ages of 25 and 44.Known for its Victorian Architecture, LeDroit Park has a profound history tied to Howard University, which borders the neighborhood. LeDroit Park has a consistenttenant base and is one of the highest demand rental markets in the city.
Exterior Features

Architectural Style Dwelling with RentalUnit/Flat Construction Materials Brick Garage YN No Location Type Urban Parking Features FencedPaved DrivewayPrivateSecure Parking Parking Types Off Street Patio And Porch Features Balconies- MultipleBrickDeck(s)Patio(s) Pool No Pool Property Condition Excellent Soil Types Unknown View City Water Access YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 2859 Appliances Built-In RangeDishwasherDisposalDryerEnergy Efficient AppliancesMicrowaveOven - SingleStainless Steel AppliancesWasherWater Heater - Tankless Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Central A/C Fireplace YN No Heating Hot Water Heating YN Yes Interior Features Additional StairwayCeiling Fan(s)Dining AreaFlatPantryWood Floors Rooms Total 4 Single Room Units 0 Three Bedroom Units 0 Two Bedroom Units 1

Property Features

Acceptable Financing FHAConventionalCashVA Accessibility Features 2+ Access Exits Central Air YN Yes Cooling Fuel Electric Foundation Details Other Green Energy Efficient HVACLighting Heating Fuel Electric Hot Water Tankless Navigable Water YN N New Construction YN No Number Of Units Total 3 Original MLSNumber 803255429506 Ownership Interest Fee Simple Property Sub Type Triplex Sale Type Standard Sewer Public Sewer Structure Design Type Interior Row/Townhouse Tax Annual Amount 9671.00 Tax Lot 11 Total Actual Rent 108212.00 Vacation Rental YN No Water Source Public Window Features Vinyl Clad Year Built Effective 2024 Zoning RF-1

Listing courtesy of Marcus & Millichap Real Estate: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Pearson Smith Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-12-08T23:50:37.2.
 
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