325 V Street Ne Washington, DC 20002

$1,200,000
0.03
Acres
2,648
SQFT
453
$/SQFT
$1,200,000
2,648   sf
$453 / sf
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Additional photos, floorplans, and videos will be uploaded after 9/9/24.Discover a rare investment opportunity in the highly sought-after Eckington neighborhood of DC with this recently updated two-unit building (8 Bedrooms and 3 Full Baths Total). Featuring stunning hardwood floors and brand-new appliances, this property seamlessly blends classic charm with modern comfort. Strategically located within walking distance to the prestigious McKinley Tech High School, Howard University, and the lively Union Market, this building offers unbeatable convenience. Plus, it comes with an approved certificate of occupancy and is fully rent-ready, ensuring a smooth transition for investors or homeowners.The numbers speak for themselves: proformas show a potential gross revenue of over $84,000 annually, delivering an impressive 11.8% return with a 7.1% Cap Rate if fully rented. If you choose to occupy the upper unit and rent out the lower unit, you can still expect a solid $70,000 annual with rental income of $5,757 per month. Whether you're looking to generate substantial passive income or live in one unit while renting out the other, this property offers endless possibilities for financial growth. Don’t miss out on securing your future with this prime investment.

Additional photos, floorplans, and videos will be uploaded after 9/9/24.Discover a rare investment opportunity in the highly sought-after Eckington neighborhood of DC with this recently updated two-unit building (8 Bedrooms and 3 Full Baths Total). Featuring stunning hardwood floors and brand-new appliances, this property seamlessly blends classic charm with modern comfort. Strategically located within walking distance to the prestigious McKinley Tech High School, Howard University, and the lively Union Market, this building offers unbeatable convenience. Plus, it comes with an approved certificate of occupancy and is fully rent-ready, ensuring a smooth transition for investors or homeowners.The numbers speak for themselves: proformas show a potential gross revenue of over $84,000 annually, delivering an impressive 11.8% return with a 7.1% Cap Rate if fully rented. If you choose to occupy the upper unit and rent out the lower unit, you can still expect a solid $70,000 annual with rental income of $5,757 per month. Whether you're looking to generate substantial passive income or live in one unit while renting out the other, this property offers endless possibilities for financial growth. Don’t miss out on securing your future with this prime investment.

  • Neighborhood
  • Type
  • County
    Washington
  • Tax Amount
    $5,916
  • Status
    Upcoming
  • Listing #
    DCDC2157870
  • Built
    1923
  • Lot Size
    0.03
  • Listed on site
    4 days
  • Listing Agent Id
    802341379730

Listed by:
Keller Williams Chantilly Ventures

Source:
BRIGHT MLS

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Community Features

  • No HOA
  • No Adult Community

Property Features

  • No Builder Restrictions
  • Gas Utilities
  • Sewer

Exterior features

  • No Pool

Interior Features

  • Central Air Conditioning

Style

  • Duplex
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