1515 ISHERWOOD STREET, Washington, DC 20002

3,270 sqft

Multi-Family Home
Built in 1937
3,049sqft lot
—— car garage
$257/sqft
Listed 1 year ago

Property Description

Nestled in the Old City 1 subdivision, this property enjoys the location near the vibrant H Street Corridor, Ivy City, and Union Market, offering residents both convenience and charm. Spanning 3,270 square feet on a 0.07-acre parcel, the building comprises 2 two-bedroom/one-bath units, and 2 one-bedroom/one bath units, with two of the units being recently renovated. Recent updates include new flooring, two new water heaters, and an updated roof in 2021. The property also benefits from ample street parking, adding to its attractiveness for tenants. Currently, two units are occupied by voucher tenants, with the DC government paying $2,637 per month for each unit. The owner covers the utilities. The remaining units present an excellent opportunity for immediate lease-up, projecting a potential CAP rate of over 10% once fully occupied! Situated at 1515 Isherwood St NE, Washington, DC 20002, the property boasts excellent connectivity. The closest metro stations, Stadium-Armory (Blue, Orange, and Silver lines) and Minnesota Ave (Orange line), along with multiple WMATA bus routes, provide seamless access throughout the city. The neighborhood is pedestrian-friendly, with well-maintained sidewalks and crosswalks facilitating easy walking access to nearby amenities and transit options. This offering presents a rare chance to acquire a well-located, updated property with strong income potential in a thriving Washington, DC neighborhood. This is a SHORT SALE. All offers are contingent upon third-party approval from the lender. Please submit your offers by Friday, June 21st or before. For more information and to schedule a showing, please contact the showing contact only!

Listing Status:: Pending
Date Added:: December 18, 2024 at 06:00AM
Listing Office:: Marcus & Millichap Real Estate : 2025363700
Listing Agent:: Brian C Hosey : 2025363700
MLS ID:: DCDC2144866

This listing courtesy of Brian C Hosey, Marcus & Millichap Real Estate

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Miner Elementary School

601 15th St NE, Washington, DC, 20002

Grades EE-5

0.15 miles away

Eliot-Hine Middle School

1830 Constitution Ave NE, Washington, DC, 20002

Grades 6-8

0.28 miles away

Eastern High School

1700 E Capitol St NE, Washington, DC, 20003

Grades 9-12

0.38 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.