About 1311 R St Nw
A rare investment opportunity in the heart of one of the most sought-after neighborhoods in all of Washington, DC. Located on a gorgeous tree-lined street just steps to bustling 14th Street and U Street corridors, this offering comprises of two newly built attached properties that were developed as luxury condos in 20018. The current owner has operated both buildings as corporate and/or short term rentals. The buildings collectively are earning an Annual NOI (Net Operating Income) of $583,000. The Cap Rate is just over 12%. This assemblage is an ideal turn-key investment opportunity for a first-time or seasoned investor, and/or Landlord Occupant.
Features of 1311 R St Nw
| MLS® # | DCDC2190918 |
|---|---|
| Price | $4,000,000 |
| Bedrooms | 6 |
| Bathrooms | 7.00 |
| Full Baths | 6 |
| Half Baths | 2 |
| Acres | 0.04 |
| Year Built | 2018 |
| Type | Residential |
| Sub-Type | Interior Row/Townhouse |
| Style | Contemporary |
| Status | Active |
Community Information
| Address | 1311 R St Nw |
|---|---|
| Subdivision | LOGAN CIRCLE |
| City | WASHINGTON |
| County | WASHINGTON-DC |
| State | DC |
| Zip Code | 20009 |
Amenities
| View | City |
|---|---|
| Is Waterfront | No |
Interior
| Heating | Forced Air |
|---|---|
| Cooling | Central A/C |
| Has Basement | Yes |
| Basement | Combination |
| Fireplace | No |
| # of Stories | 4 |
| Stories | 4 |
Exterior
| Exterior | Combination |
|---|---|
| Foundation | Block, Slab |
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 |
