3205 7th Street Northeast
3205 7th Street Northeast
Closed 5/13/22
Closed 5/13/22
Description
Units 1 & 2: 1,580 sq ft on three levels. 3 bedrooms, 3 full baths. Large and bright living rooms with space...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 2021
Income, $189,740
Expenses, $58,093
Cap 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, $216,000
Potential Expenses, $58,093
Potential Cap rate, 5.3%
Listing Agents
![Sheila Hazzan]()
sheila.hazzan@compass.comP: 202.276.5574
![Craig Cobine]()
craig.cobine@compass.comP: 202.550.2889
Property Details for 3205 7th Street Northeast
Location
Sold By EXP Realty, LLC
Property Details for 3205 7th Street Northeast
| Status | Closed |
|---|---|
| MLS # | DCDC2028152 |
| Days on Market | 63 |
| Taxes | $21,330 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family / Fee Simple |
| Year Built | 2016 |
| Lot Size | 0.10 AC / 4,167 SF |
| County | District of Columbia |
Location
Sold By EXP Realty, LLC
Building Information for 3205 7th Street Northeast
Payment Calculator
$17,877 per month
30 year fixed, 7.25% Interest
$16,099
$1,778
$0
Property Information for 3205 7th Street Northeast
- In City Limits: Yes
- School District Name: DISTRICT OF COLUMBIA PUBLIC SCHOOLS
- School District County ID: 121140357950
- SchoolDistrictSource: Listing Agent
- County: WASHINGTON
- Water View: No
- Water Access: No
- Water Oriented: No
- Navigable Water: No
- Tidal Water: No
- Riparian Rights Y/N: No
- Tax Year: 2020
- Tax Assessed Value: $21,330
- City Town Tax: $21,330
- Zoning: RESIDENTIAL
- Automatically Update Tax Values Y/N: No
- Concessions: Yes
- Concessions Amount: $10,000
- Single Room Units Count: 0
- One Bedroom Units Count: 0
- Two Bedroom Units Count: 2
- Three Bedroom Units Count: 2
- Units Leased Count: 4
- Net Operating Income: $58,093
- Annual Rental Income: $189,749
- Income Includes: Apartment Rentals, Parking
- Cap Rate: 4.40
- Existing Lease Type: Yearly
- Building Level Count: 5
- Building Units Total: 4
- Total Finished SQFT: 6,744.00
- Total Finished SQFT Source: Estimated
- Total SQFT: 6,744.00
- Total SQFT Source: Estimated
- Elevators Count: 0
- Construction Materials: Aluminum Siding
- Foundation Details: Other
- Other Structure: Above Grade, Below Grade
- Lot Size Source: Estimated
- Soil Types: Urban Land-Sassafras-Chillum
- Type Of Parking: Off Street
- Off Street - # of Spaces: 4
- Parking Features: Surface
- Interior Features: Floor Plan - Open, Kitchen - Island, Recessed Lighting, Wood Floors
- Accessibility Features: None
- Pool: No Pool
- Heating: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric
- Heating Type: Forced Air
- Heating Fuel: Natural Gas
- Hot Water: Electric
- Water Source: Public
- Sewer Septic: Public Sewer
- List Agent AOR: Greater Capital Area Association of REALTORS
- List Agent URL: www.compass.com
Property History for 3205 7th Street Northeast
| 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.
Schools near 3205 7th Street Northeast
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Noyes Elementary School PublicPK to 5 | ||
Brookland MS Public6 to 8 | ||
Dunbar High School Public9 to 12 | ||
Luke C. Moore High School Public9 to 12 |
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.
Similar Homes
Similar Sold Homes
Homes for Sale near Brookland
Neighborhoods
Cities
No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.
© 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 05/23/2022 09:26 AM