325 V St Ne, Washington, DC 20002
- $1,200,000
- 1,768
- SqFt
- List Price
- $1,200,000
- Days on Market
- 42
- Status
- ACTIVE
- MLS#
- DCDC2157870
- Living Area
- 1,768
- Lot Size (Acres)
- 0.03
- Style
- Federal
- Year Built
- 1923
- County
- Washington DC
- School District
- District Of Columbia Public Schools
Property Description
**Investment Opportunity in Eckington, DC** Seize this rare chance to invest in the highly desirable Eckington neighborhood with this recently updated two-unit building, featuring a total of 8 bedrooms and 3 full baths. Boasting stunning hardwood floors and brand-new appliances, this property harmoniously blends classic charm with modern comfort. Perfectly located within walking distance of McKinley Tech High School, Howard University, and the vibrant Union Market, this building offers exceptional convenience. It comes with an approved certificate of occupancy and is fully rent-ready, making it ideal for both investors and homeowners. The financial potential is impressive, with proformas indicating a possible gross revenue of over $102,000 annually, providing an attractive cap rate when fully rented. If you decide to occupy the upper unit and rent out the lower unit, you can still anticipate a solid annual minimum rental income of $60,600, translating to $5,050 per month (with potential increases once current tenants vacate in January 2025). Whether your goal is to generate significant passive income or to live in one unit while renting out the other, this property presents endless possibilities for financial growth. Don’t miss your chance to secure a prime investment for your future. Please note that Unit #1 is currently occupied and requires 48 hours' notice for showings. Contact the listing agent for all showing requests.
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Additional Information
- Subdivision
- Eckington
- Taxes
- $5916
- Stories
- 3
- Interior Features
- 2nd Kitchen, Bathroom - Tub Shower, Built-Ins, Central Vacuum, Combination Dining/Living, Floor Plan - Traditional, Kitchen - Efficiency, Kitchen - Galley
- School District
- District Of Columbia Public Schools
- Flooring
- Hardwood
- Heating
- Hot Water
- Heating Fuel
- Electric
- Cooling
- Central A/C
- Roof
- Unknown
- Utilities
- Cable TV, Cable TV Available, Electric Available, Natural Gas Available, Sewer Available, Water Available, Other
- Water
- Public
- Sewer
- Public Sewer, Public Septic
Mortgage Calculator
Listing courtesy of Keller Williams Chantilly Ventures. Contact: 5712350129