Listing Provided By Exp Realty
***Assumable VA rate of 2.625%*** Welcome home to 1833 M Street NE, this property provides a great opportunity for anyone looking to invest in real estate or generate rental income. A federal-styled colonial 2- Unit Townhouse with lots of updated features and a gorgeous Open floor plan is breathtaking! The fact that one unit is already tenant-occupied and generating income is a plus, and the potential for generating even more income with rental rates in the neighborhood ranging from $3200-$4900 is definitely a testament to the vibrancy of this well-situated property. ***Assumable VA rate of 2.625%*** The recent updates to the property, including the newly updated kitchen ( 2021 ), plumbing, and bathrooms ( 2022 ), as well as the new floors (2021 ), railings, and HVAC overhaul ( 2021 ), washer & dryer (2022 ), Fencing (2022 ), private parking in the back for 4 vehicles, Windows and New Doors ( 2022 ) add significant value to the property and provide a modern and updated feel to both the units. The property's location in the Vibrant Northeast quadrant of the city positions 1833 M street as one of the best locations close to downtown DC living without necessarily the hustle and bustle of downtown life while still providing great proximity to many shops, restaurants, and cultural attractions including the Smithsonian National Postal Museum, Union Market, and the U.S. Capitol, also adding to its appeal. . Additionally, the fact that the property includes solar panels which can help save on monthly utility bills and make the property more attractive to environmentally-conscious buyers and tenants alike. The Panels are NOT Leased so utility bills are extremely low! 1833 M Street offers flexibility and options for income-producing opportunities, whether it's for long or short-term rentals, making it an attractive investment. Additionally, with current market valuations and comps conservatively in excess of $1.35 million, this property is definitely a GEM! Imagine, making your home in either of the units and renting the other unit out with the goal of offsetting your mortgage. Also, there is a possibility that you may be able to assume the VA loan? *** Talk to your VA lender for the possibility and practicality ***
- Price:
- $1,169,999
- Square Footage:
- 3,374
- Acreage:
- 0.06
- Year Built:
- 1941
- Listing ID #:
- DCDC2046330
- Street Address:
- 1833 M St NE
- City:
- Washington
- State:
- District Of Columbia
- Postal Code:
- 20002
- County:
- Washington
- Listing Status:
- Active Under Contract
- Listing Type:
- Multi-Family
School District: District Of Columbia Public Schools
- Doors And Windows:
- Storm
- Dwelling Type:
- Interior Row/Townhouse
- Ease Of Access:
- Level Entry - Main
- Finished Above Ground Square Footage:
- 3374
- Finished Square Feet:
- 3374
- Flooring:
- Hardwood
- Foundation:
- Concrete Perimeter
- Interior Features:
- Combination Dining/Living, Entry Level Bedroom, Floor Plan - Open, Combination Kitchen/Living, Wood Floors
- Number Of Units:
- 2
- Other Buildings:
- Above Grade, Below Grade
- Square Footage Source:
- Assessor
- Style:
- Traditional
- Total Building Square Footage:
- 3374
- Type Of Roof:
- Shingle
- Year Built:
- 1941
- Year Built Source:
- Assessor
- Approximate Lot Size Range Source:
- Assessor
- Conforms To Zoning:
- R
- Lot Features:
- Front Yard
- Lot Square Footage:
- 2714.00
- Days On Market:
- 114
- On Market Date:
- 2023-05-12
- Originating Mls:
- Bright
- Special Conditions Of Sale:
- Standard
- Terms:
- Cash, Conventional, Fha, Va
- Location Description:
- Middle Of Block
- City Taxes:
- 7247.00
- Price Per Square Foot:
- 346.77
- Property Taxes:
- $7,247
- Tax Year:
- 2022
- Total Rooms:
- 8
- Parking Description:
- Parking Space Conveys, Paved Parking, Private
- Parking Spaces:
- 4
- Parking Type:
- On Street, Attached Carport
- Pool Description:
- No Pool
- Appliances:
- Built-In Microwave, Disposal, Exhaust Fan, Icemaker, Refrigerator, Stainless Steel Appliances, Stove
- Cooling Fuel:
- Natural Gas
- Cooling System:
- Central A/C
- Existing Water:
- Public
- Heating:
- Forced Air
- Heating Fuel:
- Natural Gas
- Sewage Type:
- Public Sewer
- Utilities:
- Sewer Available, Natural Gas Available, Electric Available, Cable Tv
- Water Heater:
- Electric
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listing Provided By Exp Realty
-
© 2023 BRIGHT, All Rights Reserved
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