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Key Details
Sold Price $619,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,800 sqft
Price per Sqft $221
MLS Listing ID DCDC2127768
Sold Date 04/16/24
Style Traditional
Abv Grd Liv Area 2,800
Originating Board BRIGHT
Year Built 1939
Annual Tax Amount $4,997
Tax Year 2022
Lot Size 4,188 Sqft
Acres 0.1
Property Description
Discover a superb house-hacking opportunity in Hillcrest with this well-maintained, four-unit property. Located just steps from Pennsylvania Avenue, this prime location offers easy access to downtown DC and Capitol Hill. Each unit features 1 bedroom and den, with Unit #1 & #3 currently vacant and ready for your vision. All units come with enclosed back porches, offering potential for creative conversions that can significantly increase rental income. This property also features a brand-new roof equipped with solar panels. The solar system will continue to be owned by the current owner, in which they are offering an exceptional opportunity for a rooftop lease, yielding an additional annual income of $1,000! Revel in the advantages of a freshly installed roof while bolstering your income stream! Your investment strategy is simple: occupy one unit while leasing out the others to cover your mortgage costs, giving you the chance to build equity at a remarkable value. This property is also strategically positioned in Ward 8, an area experiencing rapid redevelopment with numerous nearby projects set to deliver thousands of apartments and office spaces, promising long-term value. Seize this golden opportunity in a prime location for immediate returns and future growth. Whether you're a seasoned investor or just starting out, this property is a must-see for those looking to make the most of their investment.
Location
State DC
County Washington
Zoning RA-1
Interior
Hot Water Natural Gas
Heating Hot Water
Cooling None
Fireplace N
Heat Source Natural Gas
Exterior
Waterfront N
Water Access N
Accessibility Other
Garage N
Building
Foundation Brick/Mortar
Sewer Private Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Tax ID 5508//0078
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
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