District of Columbia
Washington
325 V STREET

$1,150,000

325 V STREET, Washington, DC 20002

2,648 sqft

Multi-Family Home
Built in 1923
1,307sqft lot
—— car garage
$434/sqft
Listed 10 months ago

Property Description

**Investment Opportunity in Eckington, DC** Seize this rare chance to invest in the highly desirable Eckington neighborhood with this recently updated two-unit building, featuring a total of 8 bedrooms and 3 full baths. Boasting stunning hardwood floors and brand-new appliances, this property harmoniously blends classic charm with modern comfort. Perfectly located within walking distance of McKinley Tech High School, Howard University, and the vibrant Union Market, this building offers exceptional convenience. It comes with an approved certificate of occupancy and is fully rent-ready, making it ideal for both investors and homeowners. The financial potential is impressive, with proformas indicating a possible gross revenue of over $9,800 monthly from two units, providing an attractive cap rate when fully rented. If you decide to occupy the upper unit and rent out the lower unit, you can still anticipate a solid annual minimum rental income of $72,000, translating to $6,000 per month. Whether your goal is to generate significant passive income or to live in one unit while renting out the other, this property presents endless possibilities for financial growth. Don’t miss your chance to secure a prime investment for your future. Please note that Unit #1 is currently occupied and requires 48 hours' notice for showings. Contact the listing agent for all showing requests.

Listing Status:: Active
Date Added:: September 10, 2024 at 05:00AM
Listing Office:: Keller Williams Chantilly Ventures : 7038155700
Listing Agent:: Sabrina Kim : 7038155700
MLS ID:: DCDC2157870

General: 2nd KitchenBathroom - Tub ShowerBuilt-InsCentral VacuumCombination Dining/LivingFloor Plan - TraditionalKitchen - EfficiencyKitchen - Galley
Appliances: Built-In RangeCooktopDishwasherWasher/Dryer Stacked
Flooring: Hardwood
A/C: Central A/C
Heating: YHot WaterElectric
Disability Feature: None

This listing courtesy of Sabrina Kim, Keller Williams Chantilly Ventures

Monthly Payment

$Est. Payment

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

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Location

Schools Nearby

Langley Elementary School

101 T St NE, Washington, DC, 20002

Grades EE-5

0.35 miles away

McKinley Middle School

151 T St NE, Washington, DC, 20002

Grades 6-8

0.28 miles away

McKinley Technology High School

151 T St NE, Washington, DC, 20002

Grades 9-12

0.28 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.