Bought with Charles View Jr. • RLAH Real Estate
$749,000
$769,000
2.6%For more information regarding the value of a property, please contact us for a free consultation.
1,088 SqFt
SOLD DATE : 09/27/2021
Key Details
Sold Price $749,000
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 1,088 sqft
Price per Sqft $688
MLS Listing ID DCDC2002040
Sold Date 09/27/21
Style Federal
HOA Y/N N
Abv Grd Liv Area 1,088
Originating Board BRIGHT
Year Built 1941
Annual Tax Amount $4,391
Tax Year 2020
Lot Size 870 Sqft
Acres 0.02
Property Sub-Type Interior Row/Townhouse
Property Description
Positive cash flow multifamily rowhome in sought after SW DC. The downstairs unit comes fully furnished, upstairs unit comes partially furnished - just need a mattress and box spring (queen-size). If the next buyer's smart they'll "buy and hold" and watch their equity grow from the continued development in the area. Each unit leases for $1,600 a month (proof of lease will be provided upon request). Section 8 will net you between $2,000 - $2,500 per unit (do your research). Air B and B rates for these particular units range from $150 - $200 a night, add a premium during the Nationals and Washington spirit games, do the math.
Property is zoned CG - 4 which is "intended to permit high-density mixed-use development." Build up to increase your cash flow. A "live future land use map" shows the location of 88 Q street SW to be in the "High-Density Residential & High-Density Commercial" area (see link). This area will only continue to develop. DC Future Land Use The landlord pays ($50 - $60) a month for water and $60 a month for a gardener (June - September) to maintain the front lawn. No other monthly costs and NO HOA's.
Rare opportunity to build your portfolio in a highly desirable discounted area. Motivated sellers will be receptive to hearing all respectable offers.
Location
State DC
County Washington
Zoning CG-4
Interior
Hot Water Electric
Heating Central, Radiator
Cooling Central A/C
Equipment Built-In Microwave, Dishwasher, Disposal, Dryer, Dryer - Electric, Dryer - Front Loading, Dryer - Gas, Microwave, Oven/Range - Gas, Refrigerator, Stainless Steel Appliances, Washer/Dryer Stacked, Water Heater
Fireplace N
Appliance Built-In Microwave, Dishwasher, Disposal, Dryer, Dryer - Electric, Dryer - Front Loading, Dryer - Gas, Microwave, Oven/Range - Gas, Refrigerator, Stainless Steel Appliances, Washer/Dryer Stacked, Water Heater
Heat Source Electric, Natural Gas
Exterior
Water Access N
View City
Accessibility None
Garage N
Building
Foundation Crawl Space
Sewer Public Sewer
Water Public
Architectural Style Federal
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Tax ID 0658//0803
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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