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2920 8TH Street NE

WASHINGTON, DC 20017
  • $1,000,000
  • STATUS: Active
  • ON SITE: 72 Days
  • ID#: DCDC2133962
$1,000,000
  • 0
    BEDS
  • 0.09
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,152
    SQFT
  • $317
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1941
County:

School Ratings & Info

Description

NEW AND IMPROVED PRICE!!!What an exciting opportunity for investors in the vibrant Brookland community! Condo Conversion Potential: With enough space to expand upwards and create parking, this property offers investors the possibility of a lucrative condo conversion project. This could add significant value to the property and attract buyers looking for individual units in the popular Brookland area.Owner-Occupied Tenants: Having owner-occupied tenants living in one unit while renting out the other three provides stability and potential income streams for investors. This mixed-use of the property maximizes its earning potential while also ensuring some level of oversight and care for the units.The property's location in the Brookland community offers residents access to a variety of amenities and attractions. From the 8th St. Arts Walk and Dance Place to popular spots like Brookland Pint and the Metropolitan Branch Trail, there's plenty to explore and enjoy nearby. Additionally, being close to Catholic University and Brookland Metro makes commuting and accessing educational institutions convenient.Bike-Friendly Environment: The presence of bike-friendly streets in the area adds to the appeal for residents who prefer alternative modes of transportation. This aligns with the community's focus on sustainability and active living.Overall, this property presents an excellent investment opportunity in a desirable and growing neighborhood. With its potential for condo conversion, mixed-use tenancy, and proximity to amenities and transportation, it's sure to attract investors looking to capitalize on the dynamic Brookland market.

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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: 2024-06-12T23:50:30.103.
www.themichaelhargetgroup.com/homes/149069979
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2920 8TH Street NE WASHINGTON, DC 20017

  • Price: $1,000,000
  • Status: Active
  • On Site: 72 Days
  • ID#: DCDC2133962
0
Beds
0
Baths
0
½ Baths
0.09
Acres
3,152
SQFT
$317
$/SQFT
1941
Built
Neighborhood:
Brookland
County:
Washington
School District:
District Of Columbia Public Schools
Property Description
NEW AND IMPROVED PRICE!!!What an exciting opportunity for investors in the vibrant Brookland community! Condo Conversion Potential: With enough space to expand upwards and create parking, this property offers investors the possibility of a lucrative condo conversion project. This could add significant value to the property and attract buyers looking for individual units in the popular Brookland area.Owner-Occupied Tenants: Having owner-occupied tenants living in one unit while renting out the other three provides stability and potential income streams for investors. This mixed-use of the property maximizes its earning potential while also ensuring some level of oversight and care for the units.The property's location in the Brookland community offers residents access to a variety of amenities and attractions. From the 8th St. Arts Walk and Dance Place to popular spots like Brookland Pint and the Metropolitan Branch Trail, there's plenty to explore and enjoy nearby. Additionally, being close to Catholic University and Brookland Metro makes commuting and accessing educational institutions convenient.Bike-Friendly Environment: The presence of bike-friendly streets in the area adds to the appeal for residents who prefer alternative modes of transportation. This aligns with the community's focus on sustainability and active living.Overall, this property presents an excellent investment opportunity in a desirable and growing neighborhood. With its potential for condo conversion, mixed-use tenancy, and proximity to amenities and transportation, it's sure to attract investors looking to capitalize on the dynamic Brookland market.
Exterior Features

Architectural Style Other Construction Materials Brick Garage YN No Lot Features CornerRear Yard Parking Types On StreetAlley Pool No Pool Property Condition Good Soil Types Urban Land-Sassafras-Chillum Water Access YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 3152 Appliances RefrigeratorStove Basement YN No Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling None Fireplace YN No Flooring Ceramic TileHardwoodLaminated Heating Hot Water Heating YN Yes Interior Features Floor Plan - Traditional Security Features Smoke DetectorCarbon Monoxide Detector(s) Single Room Units 0 Spa YN No Three Bedroom Units 0 Two Bedroom Units 0 Walls Ceilings Plaster WallsDry Wall

Property Features

Acceptable Financing CashBank PortfolioConventionalFHA 203(k) Accessibility Features None Central Air YN No Cooling Fuel None Cross Street Michigan Ave NE Existing Lease Type Month to Month Heating Fuel Natural Gas Historic YN No Hot Water Other Navigable Water YN N New Construction YN No Number Of Units Leased 1 Number Of Units Total 4 Number Of Units Vacant 3 Original MLSNumber 802946065774 Ownership Interest Fee Simple Property Sub Type Quadruplex Rent Control YN Yes Sale Type Standard Sewer Public Sewer Structure Design Type Other Tax Annual Amount 6795.00 Transportation Bus Stop less than 1 mileMetro/Subway Station less than 1 mile Utilities Electric AvailableNatural Gas Available Vacation Rental YN No Water Source Public Zoning RF-1

Listing courtesy of Long & Foster Real Estate, Inc.: .


©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: 2024-06-12T23:50:30.103.
 
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