Seize a prime cash-flow and further development opportunity in the flourishing Congress Heights neighborhood! Property is being offered with 2 long-term tenants conveying at $4, 300 monthly rental income & $40, 277 annual net operating income (8.2 Cap Rate). The seller had initiated plans of enhancing the property by expanding the rear of the house, with plans readily available for review or simply keep the property in its current condition. Ideally situated within walking distance to the Congress Heights Metro station, this property is perfectly positioned for comfort and convenience for cash flow and/or use as your own personal residence. Perfect for hands-off investor looking for cash flow and appreciation in a vibrant neighborhood!
Property Features
Bedrooms
Bathrooms
- Total Bathrooms: 5
- Full Bathrooms: 4
- 1/2 Bathrooms: 1
Interior Features
- 2nd Kitchen
- Floor Plan - Open
- Kitchen - Galley
- Kitchen - Island
- Sound System
- Upgraded Countertops
- WhirlPool/HotTub
- Window Treatments
- Wood Floors
- Basement
Appliances
- Built-In Microwave
- Dishwasher
- Disposal
- Exhaust Fan
- Oven/Range - Gas
- Range Hood
- Refrigerator
- Stove
- Washer/Dryer Stacked
- Water Heater
Heating and Cooling
- Cooling Features: Central A/C
- Heating Features: Forced Air
- Heating: Yes
Land Info
- Lot Size Acres: 0.1519284
- Lot Size Square Feet: 6618
Garage and Parking
- Parking Features: On Street
Homeowners Association
- Association: No
- Calculated Total Monthly Association Fees: 0
School Information
- High School: BALLOU SENIOR
- School District: DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Other Property Info
- Annual Tax Amount: 1175.0
- Source Listing Status: Active
- County: WASHINGTON
- Disclaimer: Standard
- Ownership: Fee Simple
- Source Property Type: Residential
- Area: WASHINGTON
- Property Subtype: townhouse
- Source Neighborhood: CONGRESS HEIGHTS
- Postal Code Plus 4: 2402
- Subdivision: CONGRESS HEIGHTS
- Source System Name: C2C
Building and Construction
- Year Built: 1941
- Above Grade Finished Area: 1104
- BelowGradeFinishedArea: 588
- Below Grade Unfinished Area: 184
- Construction Materials: Brick, Masonry
- Property Age: 83
- Levels or Stories: 3
- Structure Type: Twin/Semi-Detached
- House Style: Colonial
- Total Area Sqft: 1876
- Total Below Grade Area: 772