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    1275 Meigs Place NE

    WASHINGTON, DC 20002
    • $1,100,000
    • STATUS: Active Under Contract
    • ON SITE: 132 Days
    • ID#: DCDC525968
    Under Contract
    UPDATED: 66 min ago
    $1,100,000
    • 0
      BEDS
    • 0.01
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,556
      SQFT
    • $430
      $/SQFT
    Type:
    Multi-Family
    Built:
    2010
    County:

    School Ratings & Info

    Description

    This could be a great opportunity to own a freshly renovated residential multi family condo building in the blooming neighborhood of Trinidad. This boutique building includes a total of 3 units, and all 3 units are 3 bedrooms & 1 full bath. It could be an excellent opportunity for a potential investor to obtain a 30-year fixed residential financing while rates are low. Also it could be a smart owner-user purchase, allowing the owner to live in one unit and the enjoy the top of the market rental income from the other two units. Note: This listing is for the entire building, so 1275 Meigs Place includes unit #'s 3, 2, and 1. Each unit has the same exact floorplan, except unit #1 has high ceilings. They feature real hardwood floors, fresh paint, brand new carpet (in the bedrooms only), plenty of natural light, front loading stacked washer & dryer, new thermostat, new smoke & CO detectors, HVAC, hot water heater, and updated kitchen. The kitchens boast new gray cabinets, granite counter tops, and stainless steal appliances. The units also include private back doors/entrance/exit off of the kitchen. The full bathrooms include shower & tub combo, and ceramic tile flooring. The 2nd unit only has a more modern feel with an updated vanity. Each unit has a newer 30 gallon hot water heater and stacked wash & dyer. Unit 1 has a newer HVAC system. A new privacy fence was installed in 2021. All three units are vacant and could be a low maintenance investment with a solid return. As of June 2021, the rental comps are around $2,000 - $2,839 a month, per unit. The price per unit is $367k. Please run your own numbers and let me know if you have any questions. All units are separately metered for gas/electric allowing the tenants to pay their own utilities. There is one water meter into the building which can be billed back to the tenants to increase an investor's return. Each unit is @ 825 sqft.Note: The vacant homes/buildings across the street were recently sold and should be going under construction, so now is a good time to buy. There is an inoperable Intercom system for buzzing in guest. There is plenty of street parking in front of the building. Each unit as it's own Tax ID. In addition, this property is conveniently located near Metro, H Street corridor, Gallaudet University, Ivy City, Union Market, Retail, Entertainment, Capital bikeshare, Restaurants, Markets, Coffee shops, Gas stations, and more.

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    ©2021 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 Jennifer Mack Properties | Pearson Smith Realty. 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: 2021-10-22T10:54:12.117.
    www.jennifermackproperties.com/homes/118151490
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    1275 Meigs Place NE WASHINGTON, DC 20002

    • Price: $1,100,000
    • Status: Active Under Contract
    • Updated: 66 min ago
    • ID#: DCDC525968
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.01
    Acres
    2,556
    SQFT
    $430
    $/SQFT
    2010
    Built
    County:
    Washington
    School District:
    District Of Columbia Public Schools
    Property Description
    This could be a great opportunity to own a freshly renovated residential multi family condo building in the blooming neighborhood of Trinidad. This boutique building includes a total of 3 units, and all 3 units are 3 bedrooms & 1 full bath. It could be an excellent opportunity for a potential investor to obtain a 30-year fixed residential financing while rates are low. Also it could be a smart owner-user purchase, allowing the owner to live in one unit and the enjoy the top of the market rental income from the other two units. Note: This listing is for the entire building, so 1275 Meigs Place includes unit #'s 3, 2, and 1. Each unit has the same exact floorplan, except unit #1 has high ceilings. They feature real hardwood floors, fresh paint, brand new carpet (in the bedrooms only), plenty of natural light, front loading stacked washer & dryer, new thermostat, new smoke & CO detectors, HVAC, hot water heater, and updated kitchen. The kitchens boast new gray cabinets, granite counter tops, and stainless steal appliances. The units also include private back doors/entrance/exit off of the kitchen. The full bathrooms include shower & tub combo, and ceramic tile flooring. The 2nd unit only has a more modern feel with an updated vanity. Each unit has a newer 30 gallon hot water heater and stacked wash & dyer. Unit 1 has a newer HVAC system. A new privacy fence was installed in 2021. All three units are vacant and could be a low maintenance investment with a solid return. As of June 2021, the rental comps are around $2,000 - $2,839 a month, per unit. The price per unit is $367k. Please run your own numbers and let me know if you have any questions. All units are separately metered for gas/electric allowing the tenants to pay their own utilities. There is one water meter into the building which can be billed back to the tenants to increase an investor's return. Each unit is @ 825 sqft.Note: The vacant homes/buildings across the street were recently sold and should be going under construction, so now is a good time to buy. There is an inoperable Intercom system for buzzing in guest. There is plenty of street parking in front of the building. Each unit as it's own Tax ID. In addition, this property is conveniently located near Metro, H Street corridor, Gallaudet University, Ivy City, Union Market, Retail, Entertainment, Capital bikeshare, Restaurants, Markets, Coffee shops, Gas stations, and more.
    Exterior Features

    Architectural Style FederalUnit/Flat Construction Materials Brick Exterior Features Fire Escape Garage YN No Other Structures Above GradeBelow Grade Parking Types On Street Pool No Pool Property Condition Very GoodGood Riparian Rights YN No Roof Shingle Soil Types Unknown Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Interior Features

    Above Grade Fin SQFT 2556 Above Grade Unfinished Area 0 Appliances Stainless Steel Appliances Basement YN No Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Central A/C Fireplace YN No Flooring HardwoodCarpet Heating 90% Forced Air Heating YN Yes Interior Features CarpetDining AreaFlatFloor Plan - TraditionalIntercom Rooms Total 15 Security Features Intercom Single Room Units 0 Spa YN No Three Bedroom Units 3 Two Bedroom Units 0 Units Furnished All Walls Ceilings Dry Wall

    Property Features

    Acceptable Financing CashConventionalNegotiablePrivate Accessibility Features None Assessment Year 2020 Association YN No Central Air YN Yes Cooling Fuel Electric Cross Street Montello Ave Elevators 0 Existing Lease Type None Gross Income 90720.00 Heating Fuel Electric Historic YN No Hot Water Electric Navigable Water YN N New Construction YN No Number Of Units Leased 0 Number Of Units Total 3 Number Of Units Vacant 3 Operating Expense Includes InsuranceSnow RemovalTrashAdvertising Original MLSNumber 304646416133 Ownership Interest Fee Simple Pool Expense 0.00 Possession Settlement0-30 Days Cd31-60 Days Cd Property Sub Type Triplex Sale Type Standard Sewer Public Sewer Structure Design Type End Of Row/Townhouse Tax Annual Amount 3010.00 Tax Assessment Amount 387710.00 Tax Lot 2045 Total Actual Rent 90720.00 Transportation Bus Stop Less Than 1 MileMetro/Subway Station 1 To 3 Miles Vacation Rental YN No Water Source Public Zoning R-2 Zoning Description Residential Multi Family

    Listing courtesy of Long & Foster Real Estate, Inc..


    ©2021 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 Jennifer Mack Properties | Pearson Smith Realty. 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: 2021-10-22T10:54:12.117.
     
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    Fairfax VA, 22031