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Property Description

NEW PRICE 574,900ALL OFFERS ARE BEING CONSIDEREDEXCELLENT OPPORTUNITY FOR INVESTOR OR FIRST TIME HOMEBUYERWelcome to 2303 S Street SE a FOUR unit apartment building located in the subdivision of Randal Heights, Washington DC. At current, each unit offers 1 bedroom/1 bath. Lot size: 5,437 s/f; Zoning R-3; Total building s/f of 2,592. Off-street parking for 2 vehicles. Two units are turnkey with updated flooring, freshly painted and stainless-steel appliances. Exterior in need of some repairs. Excellent investment property. BUILDING IS FULLY DETACHED. EASY CONVERSION TO 2-BEDROOM UNITS WITHOUT ADDING TO FOOTPRINT. Potential fair market rent per unit is 1,500 per month. Expenses: Property Taxes 5,200; Maintenance Fees 6,000; Management Fees: 6,000; Property Insurance: 4,800; Reserves: 8,000; NOI: 42,000; Cap Rate: 7%. BUILDING IS VACANT.

WashingtonDistrict of Columbia
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USA
DC
Washington
20020
20020

2303 S Street SE

Washington, District of Columbia, 20020, United States

2,592 Sqft
$574,900
Listing ID #1988092
Basic Details
Property Type : Residential
Listing Type : For Sale
Listing ID : 1988092
Ref ID : fae751b2-46f3-436a-a621-75bd221fd78f
Price : $574,900
Square Footage : 2,592 Sqft
Lot Area : 5,227.20 Sqft
MLS : DCDC2230524
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