3205 NE 7th St Ne, Washington, DC 20017

$2,950,000
5,395
SqFt
Sold Price
$2,950,000
List Price
$3,000,000
Closing Date
May 13, 2022
Days on Market
63
Status
CLOSED
MLS#
DCDC2028152
Living Area
5,395
Lot Size (Acres)
0.1
Style
Contemporary
Year Built
2016
County
Washington DC
School District
District Of Columbia Public Schools

Property Description

Unique opportunity to own 4 condos that were purchased together to become this incredible 6,744 sq ft multi-family building blocks to Catholic University in Brookland! Built in 2016 the building includes 4 surface parking spaces and 4 storage rooms. Each unit has its own balcony. Excellent location: 4 block walk to Brookland-CUA Metro. 2 blocks to shopping, retail & restaurants on Monroe St. Units 1 & 2: 1,580 sq ft on three levels. 3 bedrooms, 3 full baths. Large and bright living rooms with space for dining table. Kitchens with stainless appliances, granite countertops, huge kitchen island. Hardwood floors throughout. Generous sized bedrooms and beautiful baths. Details: Unit 1, currently rented to 3 adult tenants for $3,712 per month. Lease ends July 31st. Unit 2, the 3 rooms are individually rented to 3 student tenants for $1,400/month, total $4,200/month. Lease ends Nov 30th. Units 3 & 4: 1,438 sq ft on 2 levels. 2 bedrooms, den, 2.5 baths. Large and bright living rooms with space for dining table. Kitchens with stainless appliances, granite countertops, huge kitchen island. Hardwood floors throughout. Generous sized bedrooms and beautiful baths. Details: Unit 3, currently rented to 5 student tenants for $4,250 per month. Lease ends July 31st. Unit 4, currently rented to 6 student tenants for $42,50 per month. Lease ends May 31st. Financials for 2021 Income, $189,740 Expenses, $58,093 Cap rate, 4.4% Please note rental prices dropped during Covid. Previous rents received were up to $5,000 for Units 1 & 2 and $4,500 for Units 3 & 4. Reasonable estimate for future rentals could be $4,500 per unit. At that rate: Potential Income, $216,000 Potential Expenses, $58,093 Potential Cap rate, 5.3%

Additional Information

Subdivision
Brookland
Taxes
$21330
Stories
5
Interior Features
Floor Plan - Open, Kitchen - Island, Recessed Lighting, Wood Floors
School District
District Of Columbia Public Schools
Heating
Forced Air
Heating Fuel
Natural Gas
Cooling
Central A/C
Water
Public
Sewer
Public Sewer

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Compass. Selling Office: .