1631 A Street Southeast
1631 A Street Southeast
Washington, DC 20003
$1,650,000
Price
—
Beds
3,790 Sq. Ft.
$435 / Sq. Ft.
3,790
Sq. Ft.
$435
per Sq. Ft.
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Virtual Tour
Description
We are offering a rare opportunity to add a turnkey 4 unit apartment building to your portfolio. This is a perfect location & space for an owner to live in a spacious unit, and have 3 rentals paying the mortgage. Location: Highly sought-after Capitol Hill East neighborhood between Lincoln Park and RFK Stadium. Building is 2 blocks from Stadium Armory Metro (Orange, Blue, and Silver Lines) and the new 19th Street shops and restaurants. Less than 5 minutes to I-295, Eastern Market, and H Street Corridor....We are offering a rare opportunity to add a turnkey 4 unit apartment building to your portfolio. This is a perfect location & space for an owner to live in a spacious unit, and have 3 rentals paying the mortgage. Location: Highly sought-after Capitol Hill East neighborhood between Lincoln Park and RFK Stadium. Building is 2 blocks from Stadium Armory Metro (Orange, Blue, and Silver Lines) and the new 19th Street shops and restaurants. Less than 5 minutes to I-295, Eastern Market, and H Street Corridor. Has a Walk Score of 80/100 and a Bike Score of 95/100. Property: Corner lot features lush landscaping and beautiful large flagstone patio with no grass to maintain. Property includes vacant lot/space adjacent to building. Check with zoning to see what can be developed there. Building: Solid 1940 construction – all brick with excellent pointing with strongly accented cement quoin stone. Flat graded leak-free roof with interior access. Large new windows installed 2016 providing excellent natural light on 3 sides of each unit. Well-decorated masonry construction center hall with carpeted stairs and floors. Dry basement divided into two spaces with 9 windows installed 2016. Large common basement area features polished concrete floor, dedicated secure storage units, and washers and dryers. Large owner area features excellent storage with separate supply room. Basement also includes 5 individual water heaters – one for each unit and one for laundry. Expansion possibilities include third floor addition, basement apartment, basement storage rental (there is a separate entrance), and vacant lot for potential development (perfect for a prefabricated tiny house, but check with Zoning). Units: The building has 2 one-bedroom units and 2 two-bedroom units. Three units are currently (1/23/24) occupied. Each well-maintained apartment has hardwood living room floors, carpeted bedrooms, and tile kitchen floors with custom light fixtures. All kitchens feature ample granite countertops, cherry cabinets with excellent storage, and quality appliances including refrigerators, gas ranges, built-in microwave ovens, and dishwashers. Ceiling fan light fixtures in each bedroom. Each unit is assessed for condition, immaculately cleaned, and completely painted between occupancies. Building thoroughly inspected by DCRA (public record) May 2022. These are luxurious units that rent fast, all feature either stainless steel appliances or sleek black ones, some have quiet Bosch dishwashers. Unit Special Features:
Unit 1 (owner unit until 2022): Stainless steel appliances including Bosch dishwasher, 2021 bathroom with large walk in glass shower. New bedroom carpets. Unit 2 – 2023 bathroom with new tub and contemporary bathroom tile. Unit 3 – new stainless refrigerator and Bosch dishwasher. New bedroom carpets. Income: Current monthly rents reflect owner’s interest in providing high quality housing. Zillow rental estimates for units in 20003:
Unit 1 - $3512
Unit 2 - $2375
Unit 3 - $3512
Unit 4 - $2375
The roof has potential for a 22 Kw solar system on the roof, which could generate $8000 per year in DC SRECs ($400 x 22 KwH). This does not include the potential money saved on generating electricity. Expenses: Electricity and gas are separately metered and paid by tenants; current owner pays electric and gas for common areas. Each tenant pays owner $25 per month for water. Tenants are responsible for internet. Current owner pays for private trash collection.
Unit 1 (owner unit until 2022): Stainless steel appliances including Bosch dishwasher, 2021 bathroom with large walk in glass shower. New bedroom carpets. Unit 2 – 2023 bathroom with new tub and contemporary bathroom tile. Unit 3 – new stainless refrigerator and Bosch dishwasher. New bedroom carpets. Income: Current monthly rents reflect owner’s interest in providing high quality housing. Zillow rental estimates for units in 20003:
Unit 1 - $3512
Unit 2 - $2375
Unit 3 - $3512
Unit 4 - $2375
The roof has potential for a 22 Kw solar system on the roof, which could generate $8000 per year in DC SRECs ($400 x 22 KwH). This does not include the potential money saved on generating electricity. Expenses: Electricity and gas are separately metered and paid by tenants; current owner pays electric and gas for common areas. Each tenant pays owner $25 per month for water. Tenants are responsible for internet. Current owner pays for private trash collection.
- Listed by Neil Glick • Coldwell Banker Realty - WashingtonP: 2025500917 ngoldstein@cbmove.com
Property Details for 1631 A Street Southeast
Tax ID Number
1086//0804
OwnershipFee Simple
Structure TypeDetached
StyleOther
WaterfrontNo
GarageNo
Cross Street17th St SE
Legal SubdivisionOld City 1
Location
Listing Courtesy of Coldwell Banker Realty - Washington
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LISTING UPDATED: 02/27/2024 01:47 PM
Property Details for 1631 A Street Southeast
| Status | Active |
|---|---|
| MLS # | DCDC2126114 |
| Days on Market | 88 |
| Taxes | $9,607 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family / Fee Simple |
| Year Built | 1941 |
| Lot Size | 0.05 AC / 2,000 SF |
| County | District of Columbia |
Location
Listing Courtesy of Coldwell Banker Realty - Washington
Add your commute
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Building Information for 1631 A Street Southeast
Stories-Residences4Year Built1941Building Size-Lot Size0.05 AC / 2,000 SF
Payment Calculator
$9,805 per month
30 year fixed, 7.25% Interest
Principal and Interest
$9,005
Property Taxes
$801
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 1631 A Street Southeast
Location
Location
- In City Limits: Yes
- Transportation: Airport less than 10 miles, Bus Stop less than 1 mile, Metro/Subway Station less than 1 mile
- School District Name: DISTRICT OF COLUMBIA PUBLIC SCHOOLS
- School District County ID: 121140357950
- SchoolDistrictSource: Listing Agent
- County: WASHINGTON
Waterfront / Water Access
Waterfront / Water Access
- Water View: No
- Water Access: No
- Water Oriented: No
- Navigable Water: No
- Tidal Water: No
- Riparian Rights Y/N: No
Association / Community Info
Association / Community Info
- Association Recreation Fee Y/N: No
Taxes and Assessment
Taxes and Assessment
- Tax Year: 2023
- Tax Assessed Value: $1,154,550
- Year Assessed: 2024
- City Town Tax: $9,607
- Municipal Trash: No
- Zoning: RF-1
- Zoning Dscrp: A building or structure existing before May 12, 1958 in the RF-1 zone may be used for more than 2 dwelling units.
- Automatically Update Tax Values Y/N: Yes
Lease Information
Lease Information
- Owner Pays: Trash Collection, Water
Unit Information
Unit Information
- Single Room Units Count: 0
- One Bedroom Units Count: 2
- Two Bedroom Units Count: 2
- Three Bedroom Units Count: 0
- Units Furnished: None
- Units Leased Count: 3
- Number Of Units Vacant: 2
- Vacancy Allowance Rate: 25.00%
- Rent Control: No
Financial Information
Financial Information
- Existing Lease Type: Yearly
Building Info
Building Info
- Building Level Count: 3
- Building Units Total: 4
- Total Finished SQFT: 3,790.00
- Total Finished SQFT Source: Assessor
- Total SQFT: 4,185.00
- Total SQFT Source: Assessor
- Construction Materials: Brick
- Roof: Unknown
- Wall and Ceiling Types: Dry Wall, Other
- Flooring Type: Hardwood, Fully Carpeted, Concrete, Wood
- Basement Type: Connecting Stairway, Daylight, Partial, Full, Interior Access, Outside Entrance, Poured Concrete, Rear Entrance, Shelving, Windows
- Foundation Details: Slab
- Other Structure: Above Grade, Below Grade
Lot / Land Information
Lot / Land Information
- Lot Size Source: Assessor
- Lot Features: Corner, Landscaping, SideYard(s)
- Soil Types: Urban Land-Beltsville-Chillum
- Parcel ID: 15999037
- Ground Rent Exists: No
Parking
Parking
- Type Of Parking: On Street
Interior Features
Interior Features
- Interior Features: Carpet, Ceiling Fan(s), Combination Kitchen/Living, Entry Level Bedroom, Tub Shower, Bar, Kitchen - Galley, Kitchen - Efficiency, Kitchen - Gourmet, Window Treatments
- Fireplace: No
- Appliances: Built-In Microwave, Dishwasher, Disposal, Oven/Range - Gas, Range Hood, Water Heater
- Accessibility Features: None
- Security Features: Main Entrance Lock, Security System
- Window Features: Double Pane
- Virtual Tour URL Unbranded: https://youtu.be/PT4m-WyJwV0
Exterior Features
Exterior Features
- Spa: No
- Exterior Features: Extensive Hardscape, Sidewalks
- Outdoor Living Structures: Patio(s)
- Pool: No Pool
Utilities
Utilities
- Heating: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric
- Heating Type: Hot Water
- Heating Fuel: Natural Gas
- Hot Water: Natural Gas
- Water Source: Public
- Sewer Septic: Public Sewer
Confidential Data
Listing Office
- List Agent AOR: Greater Capital Area Association of REALTORS
- List Agent URL: www.neilglick.com
Property History for 1631 A Street Southeast
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1631 A Street Southeast
Taxable ValueLand$508,100Additions$622,160Total$1,130,260
Tax Record2023$9,710 ($809 / month)
Home Facts
Baths4Total Finished SqFt2,790 SqFtAbove Grade Finished SqFt2,790 SqFtStories2Lot Size2,000 SqFtStyleMulti-Family Dwelling (2-4)Year Built1941Year Renovated2002ZoningRF-1CountyDISTRICT OF COLUMBIAAPN1086 0804
Schools near 1631 A Street Southeast
This home is within District Of Columbia Public Schools.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | PK to 5 |
Rating | School | Distance |
|---|---|---|
Payne Elementary School PublicPK to 5 | ||
Eliot-Hine Middle School Public6 to 8 | ||
Eastern High School Public9 to 12 | ||
School-Within-School @ Goding PublicPK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Coldwell Banker Realty - Washington
© 2024 Bright MLS. All rights reserved. All information is deemed reliable, but accuracy is not guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated on 02/27/2024 01:47 PM