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1631 A Street SE

WASHINGTON, DC 20003
  • $1,650,000
  • STATUS: Active Under Contract
  • ON SITE: 116 Days
  • ID#: DCDC2126114
Under Contract
UPDATED: 174 min ago
$1,650,000
  • 0
    BEDS
  • 0.05
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,790
    SQFT
  • $435
    $/SQFT
Type:
Multi-Family
Built:
1941
County:

School Ratings & Info

Description

We are offering a rare opportunity to add a turnkey 4 unit apartment building to your portfolio. This is a perfect location & space for an owner to live in a spacious unit, and have 3 rentals paying the mortgage.Location: Highly sought-after Capitol Hill East neighborhood between Lincoln Park and RFK Stadium. Building is 2 blocks from Stadium Armory Metro (Orange, Blue, and Silver Lines) and the new 19th Street shops and restaurants. Less than 5 minutes to I-295, Eastern Market, and H Street Corridor. Has a Walk Score of 80/100 and a Bike Score of 95/100.Property: Corner lot features lush landscaping and beautiful large flagstone patio with no grass to maintain. Property includes vacant lot/space adjacent to building. Check with zoning to see what can be developed there.Building: Solid 1940 construction " all brick with excellent pointing with strongly accented cement quoin stone. Flat graded leak-free roof with interior access. Large new windows installed 2016 providing excellent natural light on 3 sides of each unit. Well-decorated masonry construction center hall with carpeted stairs and floors. Dry basement divided into two spaces with 9 windows installed 2016. Large common basement area features polished concrete floor, dedicated secure storage units, and washers and dryers. Large owner area features excellent storage with separate supply room. Basement also includes 5 individual water heaters " one for each unit and one for laundry. Expansion possibilities include third floor addition, basement apartment, basement storage rental (there is a separate entrance), and vacant lot for potential development (perfect for a prefabricated tiny house, but check with Zoning).Units: The building has 2 one-bedroom units and 2 two-bedroom units. Three units are currently (1/23/24) occupied. Each well-maintained apartment has hardwood living room floors, carpeted bedrooms, and tile kitchen floors with custom light fixtures. All kitchens feature ample granite countertops, cherry cabinets with excellent storage, and quality appliances including refrigerators, gas ranges, built-in microwave ovens, and dishwashers. Ceiling fan light fixtures in each bedroom. Each unit is assessed for condition, immaculately cleaned, and completely painted between occupancies. Building thoroughly inspected by DCRA (public record) May 2022. These are luxurious units that rent fast, all feature either stainless steel appliances or sleek black ones, some have quiet Bosch dishwashers.Unit Special Features:Unit 1 (owner unit until 2022): Stainless steel appliances including Bosch dishwasher, 2021 bathroom with large walk in glass shower. New bedroom carpets.Unit 2 " 2023 bathroom with new tub and contemporary bathroom tile. Unit 3 " new stainless refrigerator and Bosch dishwasher. New bedroom carpets.Income: Current monthly rents reflect owners interest in providing high quality housing.Zillow rental estimates for units in 20003:Unit 1 - $3512Unit 2 - $2375Unit 3 - $3512Unit 4 - $2375The roof has potential for a 22 Kw solar system on the roof, which could generate $8000 per year in DC SRECs ($400 x 22 KwH). This does not include the potential money saved on generating electricity.Expenses: Electricity and gas are separately metered and paid by tenants; current owner pays electric and gas for common areas. Each tenant pays owner $25 per month for water. Tenants are responsible for internet. Current owner pays for private trash collection.

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Arlington Realty, Inc.. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-05-21T06:53:07.267.
www.arlingtonrealtyinc.com/homes/146949979
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1631 A Street SE WASHINGTON, DC 20003

  • Price: $1,650,000
  • Status: Active Under Contract
  • On Site: 116 Days
  • Updated: 174 min ago
  • ID#: DCDC2126114
0
Beds
0
Baths
0
½ Baths
0.05
Acres
3,790
SQFT
$435
$/SQFT
1941
Built
County:
Washington
School District:
District Of Columbia Public Schools
Property Description
We are offering a rare opportunity to add a turnkey 4 unit apartment building to your portfolio. This is a perfect location & space for an owner to live in a spacious unit, and have 3 rentals paying the mortgage.Location: Highly sought-after Capitol Hill East neighborhood between Lincoln Park and RFK Stadium. Building is 2 blocks from Stadium Armory Metro (Orange, Blue, and Silver Lines) and the new 19th Street shops and restaurants. Less than 5 minutes to I-295, Eastern Market, and H Street Corridor. Has a Walk Score of 80/100 and a Bike Score of 95/100.Property: Corner lot features lush landscaping and beautiful large flagstone patio with no grass to maintain. Property includes vacant lot/space adjacent to building. Check with zoning to see what can be developed there.Building: Solid 1940 construction " all brick with excellent pointing with strongly accented cement quoin stone. Flat graded leak-free roof with interior access. Large new windows installed 2016 providing excellent natural light on 3 sides of each unit. Well-decorated masonry construction center hall with carpeted stairs and floors. Dry basement divided into two spaces with 9 windows installed 2016. Large common basement area features polished concrete floor, dedicated secure storage units, and washers and dryers. Large owner area features excellent storage with separate supply room. Basement also includes 5 individual water heaters " one for each unit and one for laundry. Expansion possibilities include third floor addition, basement apartment, basement storage rental (there is a separate entrance), and vacant lot for potential development (perfect for a prefabricated tiny house, but check with Zoning).Units: The building has 2 one-bedroom units and 2 two-bedroom units. Three units are currently (1/23/24) occupied. Each well-maintained apartment has hardwood living room floors, carpeted bedrooms, and tile kitchen floors with custom light fixtures. All kitchens feature ample granite countertops, cherry cabinets with excellent storage, and quality appliances including refrigerators, gas ranges, built-in microwave ovens, and dishwashers. Ceiling fan light fixtures in each bedroom. Each unit is assessed for condition, immaculately cleaned, and completely painted between occupancies. Building thoroughly inspected by DCRA (public record) May 2022. These are luxurious units that rent fast, all feature either stainless steel appliances or sleek black ones, some have quiet Bosch dishwashers.Unit Special Features:Unit 1 (owner unit until 2022): Stainless steel appliances including Bosch dishwasher, 2021 bathroom with large walk in glass shower. New bedroom carpets.Unit 2 " 2023 bathroom with new tub and contemporary bathroom tile. Unit 3 " new stainless refrigerator and Bosch dishwasher. New bedroom carpets.Income: Current monthly rents reflect owners interest in providing high quality housing.Zillow rental estimates for units in 20003:Unit 1 - $3512Unit 2 - $2375Unit 3 - $3512Unit 4 - $2375The roof has potential for a 22 Kw solar system on the roof, which could generate $8000 per year in DC SRECs ($400 x 22 KwH). This does not include the potential money saved on generating electricity.Expenses: Electricity and gas are separately metered and paid by tenants; current owner pays electric and gas for common areas. Each tenant pays owner $25 per month for water. Tenants are responsible for internet. Current owner pays for private trash collection.
Exterior Features

Architectural Style Other Construction Materials Brick Exterior Features Extensive HardscapeSidewalks Garage YN No Lot Features CornerLandscapingSideYard(s) Parking Types On Street Patio And Porch Features Patio(s) Pool No Pool Property Condition Excellent Roof Unknown Soil Types Urban Land-Beltsville-Chillum Water Access YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 2790 Appliances Built-In MicrowaveDishwasherDisposalOven/Range - GasRange HoodWater Heater Basement Connecting StairwayDaylightPartialFullInterior AccessOutside EntrancePoured ConcreteRear EntranceShelvingWindows Basement YN Yes Below Grade Finished Area 1000 Below Grade Unfinished Area 395 Cooling Central A/C Exclusions Leased washers and dryersbut they can be leased by new owner(s). Fireplace YN No Flooring HardwoodFully CarpetedConcreteWood Heating Hot Water Heating YN Yes Interior Features CarpetCeiling Fan(s)Combination Kitchen/LivingEntry Level BedroomTub ShowerBarKitchen - GalleyKitchen - EfficiencyKitchen - GourmetWindow Treatments Rooms Total 19 Security Features Main Entrance LockSecurity System Single Room Units 0 Spa YN No Three Bedroom Units 0 Two Bedroom Units 2 Units Furnished None Walls Ceilings Dry WallOther

Property Features

Acceptable Financing CashConventionalVAPrivateNegotiable Accessibility Features None Central Air YN Yes Cooling Fuel Electric Cross Street 17th St SE Existing Lease Type Yearly Foundation Details Slab Heating Fuel Natural Gas Hot Water Natural Gas Navigable Water YN N New Construction YN No Number Of Units Leased 3 Number Of Units Total 4 Number Of Units Vacant 2 Original MLSNumber 802832952500 Owner Pays Trash CollectionWater Ownership Interest Fee Simple Property Sub Type Quadruplex Rent Control YN No Sale Type Standard Sewer Public Sewer Structure Design Type Detached Tax Annual Amount 9607.22 Transportation Airport less than 10 milesBus Stop less than 1 mileMetro/Subway Station less than 1 mile Vacation Rental YN No Water Source Public Window Features Double Pane Zoning RF-1 Zoning Description A building or structure existing before May 121958 in the RF-1 zone may be used for more than 2 dwelling units.

Listing courtesy of Coldwell Banker Realty - Washington: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Arlington Realty, Inc.. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-05-21T06:53:07.267.
 
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