FOR SALE
$1,099,000
1212 16th Street NE
Washington, DC 20002
4
Beds
2,960
Sq. Ft.
0.07
Acres Lot
Fourplex, Multi-Family
15 days on Nestfully
10 views
We are proud to present a rare investment opportunity with this fully vacant turn-key multi-family building, recently renovated and ready for immediate move-in. This property is ideal for a variety of investment strategies. Option 1: Buy as a primary residence, live in one unit, and rent out the rest. Option 2: Buy & hold, and rent out all four units at a good Cap Rate. All units are separately metered with their own Certificate of Occupancy. The Voucher Assistance Program pays $1680 per unit. Non-Voucher Market rent is $1500 per unit. Option 3: Purchase and redevelop as a condo conversion. There is room to build up, and allow for two-car parking in the back. The location is great, and in close proximity to new developments, Union Market, Gallaudet University, The National Arboretum, KIPP Academy, H Street Corridor, and Capitol Hill. The street is quiet and lined with mostly renovated and redeveloped homes and apartments. Off-Street Parking is possible.
DCDC2137154
Fourplex, Multi-Family
4
Other
1942
WASHINGTON
0.07
Acres
Public
Brick
Public Sewer
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