About 1212 16th St Ne
We are proud to present a rare investment opportunity with this fully vacant turn-key multi-family building, recently renovated and ready for immediate move-in. This property is ideal for a variety of investment strategies. Option 1: Buy as a primary residence, live in one unit, and rent out the rest. Option 2: Buy & hold, and rent out all four units at a good Cap Rate. All units are separately metered with their own Certificate of Occupancy. The Voucher Assistance Program pays $1680 per unit. Non-Voucher Market rent is $1500 per unit. Option 3: Purchase and redevelop as a condo conversion. There is room to build up, and allow for two-car parking in the back. The location is great, and in close proximity to new developments, Union Market, Gallaudet University, The National Arboretum, KIPP Academy, H Street Corridor, and Capitol Hill. The street is quiet and lined with mostly renovated and redeveloped homes and apartments. Off-Street Parking is possible.
Features of 1212 16th St Ne
| MLS® # | DCDC2137154 |
|---|---|
| Price | $1,099,000 |
| Bathrooms | 0.00 |
| Square Footage | 2,640 |
| Acres | 0.07 |
| Year Built | 1942 |
| Type | Multi-Family |
| Sub-Type | Quad, Interior Row/Townhouse |
| Style | Federal |
| Status | Active |
Community Information
| Address | 1212 16th St Ne |
|---|---|
| Subdivision | TRINIDAD |
| City | WASHINGTON |
| County | WASHINGTON-DC |
| State | DC |
| Zip Code | 20002 |
Amenities
| Utilities | Natural Gas Available, Water Available, Electric Available |
|---|---|
| Parking | Fenced |
| Is Waterfront | No |
Interior
| Appliances | Dishwasher, Disposal, Washer, Dryer, Refrigerator, Oven/Range-Gas |
|---|---|
| Heating | Forced Air |
| Cooling | Central A/C |
| Has Basement | Yes |
| Basement | Rear Entrance, Sump Pump, Other |
| Fireplace | No |
Exterior
| Exterior | Brick and Siding |
|---|---|
| Roof | Flat |
| Foundation | Other |
School Information
| District | DISTRICT OF COLUMBIA PUBLIC SCHOOLS |
|---|
Additional Information
| Zoning | RESIDENTIAL |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Compass |
|---|---|
| Contact Info | (202) 386-6330 |
