About 224 Upshur St Nw
Fantastic 3-unit investment opportunity. Fully updated and leased, but with flexibility for an owner-occupant or "house hack" investor with a low down payment FHA loan. One unit will free up this summer. Recently renovated, these 1BR/1BA & 1BR/1.5BA units each have their own floor and outdoor space, plus there is a 2-car garage and yard. The location on Upshur Street in Petworth is closet to Green/Yellow Line Metro, bus lines and driving access to North Capitol and just steps from local bars and restaurants like Slash Run, Hitching Post and Timber Pizza. Current NOI is $49K which puts it at a 5.75% CAP rate at list price. Perfect location with Petworth's best amenities within walking distance including green/yellow line metro, Slash Run, Timber Pizza, Cinder BBQ and the Petworth Farmer's Market, Street parking is easy and income from the 2-car garage can be further optimized. Showings will be accompanied and are available for those with significant interest and advance notice.
Features of 224 Upshur St Nw
| MLS® # | DCDC2138600 |
|---|---|
| Price | $849,900 |
| Bathrooms | 0.00 |
| Square Footage | 2,224 |
| Acres | 0.04 |
| Year Built | 1921 |
| Type | Multi-Family |
| Sub-Type | Triplex, Interior Row/Townhouse |
| Style | Federal |
| Status | Active |
Community Information
| Address | 224 Upshur St Nw |
|---|---|
| City | WASHINGTON |
| County | WASHINGTON-DC |
| State | DC |
| Zip Code | 20011 |
Amenities
| # of Garages | 2 |
|---|---|
| Garages | Other |
| Is Waterfront | No |
Interior
| Heating | Heat Pump(s) |
|---|---|
| Cooling | None |
| Has Basement | No |
| Fireplace | No |
Exterior
| Exterior | Brick and Siding |
|---|---|
| Foundation | Brick/Mortar |
School Information
| District | DISTRICT OF COLUMBIA PUBLIC SCHOOLS |
|---|---|
| Middle | RAYMOND EDUCATION CAMPUS |
Additional Information
| Zoning | MU-3A |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Engel & Volkers Washington, DC |
|---|
