3,270 SqFt
3,270 SqFt
Key Details
Property Type Multi-Family, Townhouse
Sub Type Interior Row/Townhouse
Listing Status Under Contract
Purchase Type For Sale
Square Footage 3,270 sqft
Price per Sqft $256
Subdivision Kingman Park
MLS Listing ID DCDC2144866
Style Other,Traditional
Abv Grd Liv Area 3,270
Originating Board BRIGHT
Year Built 1937
Annual Tax Amount $13,941
Tax Year 2023
Lot Size 3,128 Sqft
Acres 0.07
Property Description
Spanning 3,270 square feet on a 0.07-acre parcel, the building comprises 2 two-bedroom/one-bath units, and 2 one-bedroom/one bath units, with two of the units being recently renovated. Recent updates include new flooring, two new water heaters, and an updated roof in 2021. The property also benefits from ample street parking, adding to its attractiveness for tenants.
Currently, two units are occupied by voucher tenants, with the DC government paying $2,637 per month for each unit. The owner covers the utilities. The remaining units present an excellent opportunity for immediate lease-up, projecting a potential CAP rate of over 10% once fully occupied!
Situated at 1515 Isherwood St NE, Washington, DC 20002, the property boasts excellent connectivity. The closest metro stations, Stadium-Armory (Blue, Orange, and Silver lines) and Minnesota Ave (Orange line), along with multiple WMATA bus routes, provide seamless access throughout the city. The neighborhood is pedestrian-friendly, with well-maintained sidewalks and crosswalks facilitating easy walking access to nearby amenities and transit options.
This offering presents a rare chance to acquire a well-located, updated property with strong income potential in a thriving Washington, DC neighborhood.
This is a SHORT SALE. All offers are contingent upon third-party approval from the lender. Please submit your offers by Friday, June 21st or before.
For more information and to schedule a showing, please contact the showing contact only!
Location
State DC
County Washington
Zoning RF-1
Rooms
Basement Outside Entrance, Partial
Interior
Hot Water Natural Gas
Heating Hot Water
Cooling Window Unit(s), Central A/C
Flooring Ceramic Tile, Carpet, Vinyl
Equipment Oven/Range - Gas, Refrigerator
Fireplace N
Window Features Double Hung,Insulated
Appliance Oven/Range - Gas, Refrigerator
Heat Source Natural Gas
Exterior
Waterfront N
Water Access N
Roof Type Tar/Gravel
Accessibility 2+ Access Exits
Parking Type On Street
Garage N
Building
Lot Description Front Yard
Foundation Crawl Space
Sewer Public Sewer
Water Public
Architectural Style Other, Traditional
Additional Building Above Grade, Below Grade
Structure Type Plaster Walls,Dry Wall
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Tax ID 4544//0177
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional, FHA, Private, VA, Other
Listing Terms Cash, Conventional, FHA, Private, VA, Other
Financing Cash,Conventional,FHA,Private,VA,Other
Special Listing Condition Short Sale
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