$765,000 $4,107 est/mo Sourced by Back At You

1638 16th St SE,Washington, DC 20020

Washington DC, 20020

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Description

TAKING BACK UP OFFERS AND SHOWINGS ARE STILL WELCOMED. 2.75% ASSUMABLE VA MORTGAGE!! 1638 16th Street SE is a completely, gut renovated, turn-key two-unit property directly across the street from Anacostia high school. Live in one unit and have the tenant pay the majority of your mortgage, or rent out both units and cash flow $1,000/month! Renovated in 2020, the building consists of two apartment units. Both units are three bedrooms, and each unit has one full and one half bathroom. Each unit has a gourmet kitchen with stainless steel appliances, granite countertops, and gas stoves. Luxury vinyl plank flooring and washer and dryer units in each unit make this a highly desirable and maintainable rental. The building can gross up to $52,992 with each unit renting for $2,208/month with utilities included for Section 8 Voucher tenants. Potential to add two parking spaces in the rear with a new gate and other value add options are possible. RA-2 zoning allows for additional development in the future. Current FAR is 0.85, zoning permits up to 1.8 by right, which would translate to over 1800 additional square feet that could be added. Anacostia has been one of the area’s zip codes with the best appreciation over the past five years with the median home price in Anacostia, increasing 32.2% compared to 2018. With the development of Phase II of The Wharf, St. Elizabeth's and other private and public developments, we expect to continue to see significant appreciation and value in Southeast DC.

Details

MLS#DCDC2099280
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive Under Contract
Year1935
Days On Site336
Listing Provided ByKeller Williams Capital Properties | Russell Lyons

Features

Bed(s)6
Bath(s) 4 Total
SQ Feet1,700
Story(s)2
ZoningRA-2
Acreage0.05

Market Activity 20020

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Listings Checked: 19 minutes ago
StateDC
CountyWashington
CityWashington
Zip Code20020
Community NameAnacostia
School DistrictDistrict Of Columbia Public Scho
Listing VS Median (in Anacostia)
Price:
$765,000
low | high
Med:
$364,000
100% of Average
SqFt:
1,700
low | high
Med:
3,440
52.352941176471% of Average
$ / SqFt:
$450
low | high
Med:
$106
100% of Average
On Site:
336
low | high
Med:
35
100% of Average
Sourced by Back At You
Listing Updated: April 29, 2024 at 6:45:54 PM PDT