COMING SOON! Great for owner occupant or investor!

COMING SOON! Great for owner occupant or investor!

$1,150,000 1243 Penn Street NE Washington DC 20002

   2268 Sq Feet

Listing ID

#DCDC2011476

Status

Featured

Type

Multifamily

Lot Size

2814

Listed By:Ellen and Barry Levy RE/MAX Allegiance 202-364-1515

Description
Great for owner occupant or investor! All units are 1 BR+den or small 2nd BR. Three units tastefully renovated since 2017. Unit #3 is vacant and ready to show. All renovated units have heat pumps, stainless steel appliances, renovated kitchens and baths. Two market rate tenants pay $1900/month. Unit #4 is occupied by a very nice Section 8 tenant who pays $1200/month total (including co-pay, which she pays). Her unit has not been renovated. This property is NOT in an Opportunity Zone, but the owners had a feasibility study done several years ago which shows that you can go up one story and down one story. You cannot increase the number of units, but they can become duplexes. Feasibility Study is in the Documents section. PLEASE NOTE THAT THE NUMBERS ARE OUT OF DATE ON THE FEASIBILITY STUDY. Show only vacant unit #3. We will make arrangements to show other units after contract is ratified. More photos coming. Hardwood floors in Units 1&3, and LVP in Unit 2 Kitchens with quartz countertops Dishwashers in Units 2&3 All units new HVACs in 2021 Unit 1, 2, 3 new water heater 2021 Unit 4 new water heater 2017 Washer & Dryer in 3 units
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Last Updated:10/9/2021 6:54 PM

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