Bought with Kenneth C Germer • Compass
$860,000
$875,000
1.7%For more information regarding the value of a property, please contact us for a free consultation.
2,476 SqFt
SOLD DATE : 12/27/2022
Key Details
Sold Price $860,000
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 2,476 sqft
Price per Sqft $347
MLS Listing ID DCDC2072412
Sold Date 12/27/22
Style Federal
Abv Grd Liv Area 2,476
Originating Board BRIGHT
Year Built 1890
Annual Tax Amount $3,851
Tax Year 2022
Lot Size 1,657 Sqft
Acres 0.04
Property Sub-Type Interior Row/Townhouse
Property Description
Here's a rare duplex investment property (523 & 523 1/2) that includes renovation materials and appliances that are currently inside of the property (new/unused - Inclusions/Exclusions form will be updated via addendum). The Seller decided to list the property as-is due to General Contractor delays. The cost for renovation has been professionally priced at approximately $200,000, and the property ARV is $1,400,000 according to recent comps in the immediate area. The property is literally within walking distance (7 min.) of Union Station, H Street Corridor and so many other valuable amenities (search Google Maps for additional details). The average days on market are less than 25 days for the area. So, investors, close the year with a rarely available duplex in the heart of Washington, DC that offers immediate return.
Location
State DC
County Washington
Zoning MU-24
Interior
Hot Water Natural Gas
Heating Hot Water
Cooling None
Heat Source Other
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Brick/Mortar, Concrete Perimeter
Sewer Public Sewer
Water Public
Architectural Style Federal
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Tax ID 0754//0104
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, FHA 203(k), FHA 203(b), Conventional
Listing Terms Cash, FHA 203(k), FHA 203(b), Conventional
Financing Cash,FHA 203(k),FHA 203(b),Conventional
Special Listing Condition Standard
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