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1638 16TH Street SE

WASHINGTON, DC 20020
  • $765,000
  • STATUS: Active Under Contract
  • ON SITE: 351 Days
  • ID#: DCDC2099374
Under Contract
$765,000
  • 0
    BEDS
  • 0.05
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,700
    SQFT
  • $450
    $/SQFT
Type:
Multi-Family
Built:
1935
County:

School Ratings & Info

Description

TAKING BACK UP OFFERS AND SHOWINGS ARE STILL WELCOMED.2.75% ASSUMABLE VA MORTGAGE!!1638 16th Street SE is a completely, gut renovated, turn-key two-unit property directly across the street from Anacostia high school. Live in one unit and have the tenant pay the majority of your mortgage, or rent out both units and cash flow $1,000/month! Renovated in 2020, the building consists of two apartment units. Both units are three bedrooms, and each unit has one full and one half bathroom. Each unit has a gourmet kitchen with stainless steel appliances, granite countertops, and gas stoves. Luxury vinyl plank flooring and washer and dryer units in each unit make this a highly desirable and maintainable rental. The building can gross up to $52,992 with each unit renting for $2,208/month with utilities included for Section 8 Voucher tenants. Potential to add two parking spaces in the rear with a new gate and other value add options are possible.RA-2 zoning allows for additional development in the future. Current FAR is 0.85, zoning permits up to 1.8 by right, which would translate to over 1800 additional square feet that could be added. Anacostia has been one of the areas zip codes with the best appreciation over the past five years with the median home price in Anacostia, increasing 32.2% compared to 2018. With the development of Phase II of The Wharf, St. Elizabeth's and other private and public developments, we expect to continue to see significant appreciation and value in Southeast DC.

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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 Jennifer Mack Properties | EXP 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: 2024-05-25T23:56:32.97.
www.jennifermackproperties.com/homes/140425416
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1638 16TH Street SE WASHINGTON, DC 20020

  • Price: $765,000
  • Status: Active Under Contract
  • On Site: 351 Days
  • ID#: DCDC2099374
0
Beds
0
Baths
0
½ Baths
0.05
Acres
1,700
SQFT
$450
$/SQFT
1935
Built
County:
Washington
School District:
District Of Columbia Public Schools
Property Description
TAKING BACK UP OFFERS AND SHOWINGS ARE STILL WELCOMED.2.75% ASSUMABLE VA MORTGAGE!!1638 16th Street SE is a completely, gut renovated, turn-key two-unit property directly across the street from Anacostia high school. Live in one unit and have the tenant pay the majority of your mortgage, or rent out both units and cash flow $1,000/month! Renovated in 2020, the building consists of two apartment units. Both units are three bedrooms, and each unit has one full and one half bathroom. Each unit has a gourmet kitchen with stainless steel appliances, granite countertops, and gas stoves. Luxury vinyl plank flooring and washer and dryer units in each unit make this a highly desirable and maintainable rental. The building can gross up to $52,992 with each unit renting for $2,208/month with utilities included for Section 8 Voucher tenants. Potential to add two parking spaces in the rear with a new gate and other value add options are possible.RA-2 zoning allows for additional development in the future. Current FAR is 0.85, zoning permits up to 1.8 by right, which would translate to over 1800 additional square feet that could be added. Anacostia has been one of the areas zip codes with the best appreciation over the past five years with the median home price in Anacostia, increasing 32.2% compared to 2018. With the development of Phase II of The Wharf, St. Elizabeth's and other private and public developments, we expect to continue to see significant appreciation and value in Southeast DC.
Exterior Features

Architectural Style Traditional Construction Materials Brick Garage YN No Parking Types DrivewayOff Street Pool No Pool Soil Types Urban Land-Galestown-Rumford Water Access YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 1700 Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Central A/C Heating Forced Air Heating YN Yes Single Room Units 0 Three Bedroom Units 2 Two Bedroom Units 0

Property Features

Accessibility Features None Central Air YN Yes Cooling Fuel Electric Foundation Details Other Heating Fuel Natural Gas Hot Water Natural Gas Navigable Water YN N New Construction YN No Number Of Units Total 2 Original MLSNumber 802395452448 Ownership Interest Fee Simple Property Sub Type Duplex Sale Type Standard Sewer Public Sewer Structure Design Type Interior Row/Townhouse Tax Annual Amount 4806.00 Tax Lot 805 Vacation Rental YN No Water Source Public Zoning RA-2

Listing courtesy of Keller Williams Capital Properties: .


©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 Jennifer Mack Properties | EXP 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: 2024-05-25T23:56:32.97.
 
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