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3002 11TH Street NW

WASHINGTON, DC 20001
  • $1,429,000
  • STATUS: Active
  • ON SITE: 99 Days
  • ID#: DCDC2064678
Price Reduced
UPDATED: 21 min ago
$1,429,000
  • 0
    BEDS
  • 0.06
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,708
    SQFT
  • $528
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1907
County:

School Ratings & Info

Description

Price adjustment! Amazing investment opportunity in a phenomenal location with a 96 Walk Score. This 3-unit building is situated on a large corner lot in the thriving 11th Street Corridor of Columbia Heights. 3002 11th Street offers a well-established rental history and low costs with utilities paid for by the tenants. 7 bedrooms in total brings in $7,825 per month of gross income (over $93k annual). With $166k invested in updates and maintenance between 2018 and 2022, this investment opportunity lives well and has had continual cash flow through the entirety of ownership (including during COVID). The current owner invested money so you don't have to! Plug and play cash flow. The units are all currently fully tenanted and professionally managed, but can be a great play for the savvy investor. Top-floor 2-bedroom unit is currently rented for $2385/mo, middle-floor 3-bedroom unit is currently rented for $3045/mo, the lower-level 2-bedroom is currently rented for $2195/mo, and the parking space is currently rented for $200/mo. 6.48% Cap Rate off GOI and 5.7% Cap Rate off NOI (GOI less taxes and insurance).

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©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or ROSS | RESIDENTIAL | RE/MAX Realty Services. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-12-08T21:51:05.687.
www.rossrem.com/homes/132601475
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3002 11TH Street NW WASHINGTON, DC 20001

  • Price: $1,429,000
  • Status: Active
  • On Site: 99 Days
  • Updated: 21 min ago
  • ID#: DCDC2064678
0
Beds
0
Baths
0
½ Baths
0.06
Acres
2,708
SQFT
$528
$/SQFT
1907
Built
Neighborhood:
Columbia Heights
County:
Washington
School District:
District Of Columbia Public Schools
Property Description
Price adjustment! Amazing investment opportunity in a phenomenal location with a 96 Walk Score. This 3-unit building is situated on a large corner lot in the thriving 11th Street Corridor of Columbia Heights. 3002 11th Street offers a well-established rental history and low costs with utilities paid for by the tenants. 7 bedrooms in total brings in $7,825 per month of gross income (over $93k annual). With $166k invested in updates and maintenance between 2018 and 2022, this investment opportunity lives well and has had continual cash flow through the entirety of ownership (including during COVID). The current owner invested money so you don't have to! Plug and play cash flow. The units are all currently fully tenanted and professionally managed, but can be a great play for the savvy investor. Top-floor 2-bedroom unit is currently rented for $2385/mo, middle-floor 3-bedroom unit is currently rented for $3045/mo, the lower-level 2-bedroom is currently rented for $2195/mo, and the parking space is currently rented for $200/mo. 6.48% Cap Rate off GOI and 5.7% Cap Rate off NOI (GOI less taxes and insurance).
Exterior Features

Architectural Style Victorian Construction Materials Brick Garage YN No Location Type Corner Lot/Unit Lot Features Sideyard(S) Other Structures Above GradeBelow Grade Parking Types Driveway Pool No Pool Property Condition Very Good Riparian Rights YN No Soil Types Urban Land-Sassafras-Chillum Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 1958 Basement Front EntranceFully Finished Basement YN Yes Below Grade Finished Area 750 Below Grade Unfinished Area 278 Cooling Central A/C Fireplace YN No Fireplaces Total 0 Heating Forced Air Heating YN Yes Single Room Units 0 Spa YN No Three Bedroom Units 1 Two Bedroom Units 2 Units Furnished None

Property Features

Acceptable Financing Bank PortfolioConventionalPrivateCash Accessibility Features None Assessment Year 2022 Central Air YN Yes Cooling Fuel Electric Cross Street Columbia Foundation Details Slab Gross Income 93900.00 Heating Fuel Electric Historic YN No Hot Water Electric Insurance Expense 2456.00 Navigable Water YN N Net Operating Income 82581.92 New Construction YN No Number Of Units Leased 3 Number Of Units Total 3 Number Of Units Vacant 0 Original MLSNumber 801847433726 Owner Pays None Ownership Interest Fee Simple Possession 0-30 Days Cd31-60 Days Cd61-90 Days CdImmediate Property Sub Type Triplex Rent Control YN No Sale Type Standard Sewer Public Sewer Structure Design Type End Of Row/Townhouse Tax Annual Amount 8813.00 Tax Assessment Amount 1066280.00 Tax Lot 206 Total Actual Rent 93900.00 Transportation Bus Stop Less Than 1 MileMetro/Subway Station Less Than 1 Mile Vacation Rental YN No Water Source Public Year Built Effective 2018 Zoning Rf-1

Listing courtesy of Compass: .


©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or ROSS | RESIDENTIAL | RE/MAX Realty Services. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-12-08T21:51:05.687.
 
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