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1314 Downing Place NE

WASHINGTON, DC 20018
  • $889,000
  • STATUS: Active
  • ON SITE: 133 Days
  • ID#: DCDC2125332
UPDATED: 121 min ago
$889,000
  • 0
    BEDS
  • 0.08
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,600
    SQFT
  • $342
    $/SQFT
Type:
Multi-Family
Built:
1943
County:

School Ratings & Info

Description

Opportunity Zone Property! Location! Location! Location!!! An unparalleled opportunity in one of Washington DCs Opportunity Zones! From the February 5, 2020 Washington Post article Brentwood is part of Washingtons Opportunity Zones program, a federal program that provides tax incentives for investments in new businesses and commercial projects in low-income communities. The program has attracted developers to the neighborhood. Now there are apartment buildings and condominiums. This multi-family, four-unit (One bed, One bath) property is located in a highly desirable neighborhood in the Brentwood section of town. Its proximity to public transportation adds to its appeal. Less than 15 min walk to the Rhode Island Metro Train Station. Near restaurants, retail, and parks.The 4 units in this building are in good, rentable condition, making it a great investment opportunity. The unfinished basement spanning the entire building has a ceiling height of 8 feet. All units are rentable as-is. The spacious backyard offers parking possibilities from the wide alley. Don't miss out on this incredible property.If For owner -occupied then can live in one unit and rent out the other three. Market rent for this 1 BD 1 BA between approx $1600-$1900 with a potential of higher.Comparable info: Same block, two similar buildings have been converted to condominiums. Very Beautiful Currently, property has two units vacant and two occupied. Building can be conveyed vacant or with tenants. Showings By appointment only. Call Listing Agent. Preferred : Standard Title (Kevin Anderson esq.)

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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 Michael Harget Group | Keller Williams Realty Partners. 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: 2024-06-12T22:55:01.14.
www.themichaelhargetgroup.com/homes/147126938
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1314 Downing Place NE WASHINGTON, DC 20018

  • Price: $889,000
  • Status: Active
  • On Site: 133 Days
  • Updated: 121 min ago
  • ID#: DCDC2125332
0
Beds
0
Baths
0
½ Baths
0.08
Acres
2,600
SQFT
$342
$/SQFT
1943
Built
County:
Washington
School District:
District Of Columbia Public Schools
Property Description
Opportunity Zone Property! Location! Location! Location!!! An unparalleled opportunity in one of Washington DCs Opportunity Zones! From the February 5, 2020 Washington Post article Brentwood is part of Washingtons Opportunity Zones program, a federal program that provides tax incentives for investments in new businesses and commercial projects in low-income communities. The program has attracted developers to the neighborhood. Now there are apartment buildings and condominiums. This multi-family, four-unit (One bed, One bath) property is located in a highly desirable neighborhood in the Brentwood section of town. Its proximity to public transportation adds to its appeal. Less than 15 min walk to the Rhode Island Metro Train Station. Near restaurants, retail, and parks.The 4 units in this building are in good, rentable condition, making it a great investment opportunity. The unfinished basement spanning the entire building has a ceiling height of 8 feet. All units are rentable as-is. The spacious backyard offers parking possibilities from the wide alley. Don't miss out on this incredible property.If For owner -occupied then can live in one unit and rent out the other three. Market rent for this 1 BD 1 BA between approx $1600-$1900 with a potential of higher.Comparable info: Same block, two similar buildings have been converted to condominiums. Very Beautiful Currently, property has two units vacant and two occupied. Building can be conveyed vacant or with tenants. Showings By appointment only. Call Listing Agent. Preferred : Standard Title (Kevin Anderson esq.)
Exterior Features

Architectural Style Other Construction Materials Brick Garage YN No Parking Types Other Pool No Pool Soil Types Unknown Water Access YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 2600 Below Grade Finished Area 0 Below Grade Unfinished Area 722 Cooling None Fireplace YN No Heating Hot Water Heating YN Yes Single Room Units 0 Three Bedroom Units 0 Two Bedroom Units 0 Units Furnished None

Property Features

Acceptable Financing CashConventionalAssumptionContractSeller FinancingOther Accessibility Features Other Central Air YN No Cooling Fuel Electric Foundation Details Brick/MortarSlab Heating Fuel Natural Gas Hot Water Natural Gas Navigable Water YN N New Construction YN No Number Of Units Total 4 Number Of Units Vacant 2 Original MLSNumber 802825118840 Ownership Interest Fee Simple Property Sub Type Quadruplex Sale Type Standard Sewer Public Sewer Structure Design Type Interior Row/Townhouse Tax Annual Amount 6124.00 Tax Lot 44 Utilities Water AvailableSewer AvailablePropane - CommunityElectric Available Vacation Rental YN No Water Source Public Zoning R-2 Zoning Description Residential Multi-family

Listing courtesy of Brian Logan 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 Michael Harget Group | Keller Williams Realty Partners. 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: 2024-06-12T22:55:01.14.
 
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Michael Harget Group | Keller Williams Realty Partners
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