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3205 7TH ST NE

WASHINGTON, DC 20017
  • $2,950,000
  • STATUS: Closed
  • ON SITE: 126 Days
  • ID#: DCDC2028152
Sold - 05/13/2022
$2,950,000
SOLD - 05/13/2022
  • 0
    BEDS
  • 0.1
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,744
    SQFT
  • $437
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
2016
County:

School Ratings & Info

Description

Unique opportunity to own 4 condos that were purchased together to become this incredible 6,744 sq ft multi-family building blocks to Catholic University in Brookland! Built in 2016 the building includes 4 surface parking spaces and 4 storage rooms. Each unit has its own balcony. Excellent location: 4 block walk to Brookland-CUA Metro. 2 blocks to shopping, retail & restaurants on Monroe St.Units 1 & 2: 1,580 sq ft on three levels. 3 bedrooms, 3 full baths. Large and bright living rooms with space for dining table. Kitchens with stainless appliances, granite countertops, huge kitchen island. Hardwood floors throughout. Generous sized bedrooms and beautiful baths.Details:Unit 1, currently rented to 3 adult tenants for $3,712 per month. Lease ends July 31st. Unit 2, the 3 rooms are individually rented to 3 student tenants for $1,400/month, total $4,200/month. Lease ends Nov 30th.Units 3 & 4: 1,438 sq ft on 2 levels. 2 bedrooms, den, 2.5 baths. Large and bright living rooms with space for dining table. Kitchens with stainless appliances, granite countertops, huge kitchen island. Hardwood floors throughout. Generous sized bedrooms and beautiful baths.Details:Unit 3, currently rented to 5 student tenants for $4,250 per month. Lease ends July 31st.Unit 4, currently rented to 6 student tenants for $42,50 per month. Lease ends May 31st.Financials for 2021Income, $189,740Expenses, $58,093Cap rate, 4.4%Please note rental prices dropped during Covid. Previous rents received were up to $5,000 for Units 1 & 2 and $4,500 for Units 3 & 4.Reasonable estimate for future rentals could be $4,500 per unit. At that rate:Potential Income, $216,000Potential Expenses, $58,093Potential Cap rate, 5.3%

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©2022 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 The Dailey Group | Keller Williams Gateway. 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: 2022-05-23T22:50:06.407.
www.thedaileygroup.com/homes/124809588
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3205 7TH ST NE WASHINGTON, DC 20017

  • Price: $3,000,000
  • Status: Closed
  • On Site: 126 Days
  • ID#: DCDC2028152
0
Beds
0
Baths
0
½ Baths
0.1
Acres
6,744
SQFT
$437
$/SQFT
2016
Built
Neighborhood:
Brookland
County:
Washington
School District:
District Of Columbia Public Schools
Property Description
Unique opportunity to own 4 condos that were purchased together to become this incredible 6,744 sq ft multi-family building blocks to Catholic University in Brookland! Built in 2016 the building includes 4 surface parking spaces and 4 storage rooms. Each unit has its own balcony. Excellent location: 4 block walk to Brookland-CUA Metro. 2 blocks to shopping, retail & restaurants on Monroe St.Units 1 & 2: 1,580 sq ft on three levels. 3 bedrooms, 3 full baths. Large and bright living rooms with space for dining table. Kitchens with stainless appliances, granite countertops, huge kitchen island. Hardwood floors throughout. Generous sized bedrooms and beautiful baths.Details:Unit 1, currently rented to 3 adult tenants for $3,712 per month. Lease ends July 31st. Unit 2, the 3 rooms are individually rented to 3 student tenants for $1,400/month, total $4,200/month. Lease ends Nov 30th.Units 3 & 4: 1,438 sq ft on 2 levels. 2 bedrooms, den, 2.5 baths. Large and bright living rooms with space for dining table. Kitchens with stainless appliances, granite countertops, huge kitchen island. Hardwood floors throughout. Generous sized bedrooms and beautiful baths.Details:Unit 3, currently rented to 5 student tenants for $4,250 per month. Lease ends July 31st.Unit 4, currently rented to 6 student tenants for $42,50 per month. Lease ends May 31st.Financials for 2021Income, $189,740Expenses, $58,093Cap rate, 4.4%Please note rental prices dropped during Covid. Previous rents received were up to $5,000 for Units 1 & 2 and $4,500 for Units 3 & 4.Reasonable estimate for future rentals could be $4,500 per unit. At that rate:Potential Income, $216,000Potential Expenses, $58,093Potential Cap rate, 5.3%
Exterior Features

Architectural Style Contemporary Construction Materials Aluminum Siding Garage YN No Other Structures Above GradeBelow Grade Parking Features Surface Parking Types Off Street Pool No Pool Property Condition Good Riparian Rights YN No Soil Types Urban Land-Sassafras-Chillum Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 5395 Below Grade Finished Area 1349 Cooling Central A/C Heating Forced Air Heating YN Yes Interior Features Floor Plan - OpenKitchen - IslandRecessed LightingWood Floors Single Room Units 0 Three Bedroom Units 2 Two Bedroom Units 2

Property Features

Accessibility Features None Buyer Financing Exchange/Trade Central Air YN Yes Close Sale Terms Standard Sale Cooling Fuel Electric Elevators 0 Existing Lease Type Yearly Foundation Details Other Heating Fuel Natural Gas Hot Water Electric Navigable Water YN N Net Operating Income 58093.38 New Construction YN No Number Of Units Leased 4 Number Of Units Total 4 Original MLSNumber 801273124220 Ownership Interest Fee Simple Possession Subject To Existing Lease Property Sub Type Quadruplex Sale Type Standard Sewer Public Sewer Structure Design Type Detached Tax Annual Amount 21330.00 Tax Assessment Amount 21330.00 Total Actual Rent 189748.76 Vacation Rental YN No Water Source Public Zoning Residential

Listing courtesy of Compass.


©2022 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 The Dailey Group | Keller Williams Gateway. 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: 2022-05-23T22:50:06.407.
 
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