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224 Upshur Street NW

WASHINGTON, DC 20011
  • $849,900
  • STATUS: Active
  • ON SITE: 16 Days
  • ID#: DCDC2138600
UPDATED: 159 min ago
$849,900
  • 0
    BEDS
  • 0.04
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,224
    SQFT
  • $382
    $/SQFT
Type:
Multi-Family
Built:
1921
County:

School Information

Description

Fantastic 3-unit investment opportunity. Fully updated and leased, but with flexibility for an owner-occupant or "house hack" investor with a low down payment FHA loan. One unit will free up this summer. Recently renovated, these 1BR/1BA & 1BR/1.5BA units each have their own floor and outdoor space, plus there is a 2-car garage and yard. The location on Upshur Street in Petworth is closet to Green/Yellow Line Metro, bus lines and driving access to North Capitol and just steps from local bars and restaurants like Slash Run, Hitching Post and Timber Pizza. Current NOI is $49K which puts it at a 5.75% CAP rate at list price. Perfect location with Petworth's best amenities within walking distance including green/yellow line metro, Slash Run, Timber Pizza, Cinder BBQ and the Petworth Farmer's Market, Street parking is easy and income from the 2-car garage can be further optimized. Showings will be accompanied and are available for those with significant interest and advance notice.

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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: 2024-05-22T23:52:27.913.
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224 Upshur Street NW WASHINGTON, DC 20011

  • Price: $849,900
  • Status: Active
  • On Site: 16 Days
  • Updated: 159 min ago
  • ID#: DCDC2138600
0
Beds
0
Baths
0
½ Baths
0.04
Acres
2,224
SQFT
$382
$/SQFT
1921
Built
County:
Washington
Middle School:
Raymond Education Campus
School District:
District Of Columbia Public Schools
Property Description
Fantastic 3-unit investment opportunity. Fully updated and leased, but with flexibility for an owner-occupant or "house hack" investor with a low down payment FHA loan. One unit will free up this summer. Recently renovated, these 1BR/1BA & 1BR/1.5BA units each have their own floor and outdoor space, plus there is a 2-car garage and yard. The location on Upshur Street in Petworth is closet to Green/Yellow Line Metro, bus lines and driving access to North Capitol and just steps from local bars and restaurants like Slash Run, Hitching Post and Timber Pizza. Current NOI is $49K which puts it at a 5.75% CAP rate at list price. Perfect location with Petworth's best amenities within walking distance including green/yellow line metro, Slash Run, Timber Pizza, Cinder BBQ and the Petworth Farmer's Market, Street parking is easy and income from the 2-car garage can be further optimized. Showings will be accompanied and are available for those with significant interest and advance notice.
Exterior Features

Architectural Style Federal Construction Materials Brick Garage Spaces 2.00 Garage Type Other Garage YN Yes Parking Types Detached Garage Pool No Pool Soil Types Urban Land-Sassafras-Chillum Water Access YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 1584 Below Grade Finished Area 640 Cooling None Fireplace YN No Heating Heat Pump(s) Heating YN Yes Single Room Units 0 Three Bedroom Units 0 Two Bedroom Units 0 Units Furnished None

Property Features

Accessibility Features Other Central Air YN No Cooling Fuel Electric Cross Street 3rd Existing Lease Type Month to MonthYearly Foundation Details Brick/Mortar Gross Income 62340.00 Heating Fuel Electric Historic YN No Hot Water Electric Insurance Expense 2219.00 Maintenance Expense 2000.00 Navigable Water YN N Net Operating Income 48849.00 New Construction YN No Number Of Units Leased 3 Number Of Units Total 3 Number Of Units Vacant 0 Operating Expense 11491.00 Operating Expense Includes Insurance Original MLSNumber 803018454556 Owner Pays InsuranceRepairsSewerTaxes - Real EstateWaterGasHeat Ownership Interest Fee Simple Property Sub Type Triplex Rent Control YN No Sale Type Standard Sewer Public Sewer Structure Design Type Interior Row/Townhouse Tax Annual Amount 6433.00 Tax Lot 75 Total Actual Rent 61740.00 Vacation Rental YN No Water Source Public Year Built Effective 2019 Zoning MU-3A

Listing courtesy of Engel & Volkers Washington, DC: .


©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: 2024-05-22T23:52:27.913.
 
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43777 Central Station Drive, Suite 390
Ashburn VA, 20147