413 ATLANTIC ST SE Under Contract Save Request In-Person Tour Request Virtual Tour
Washington,DC 20032
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Twin/Semi-Detached
Listing Status Under Contract
Purchase Type For Sale
Square Footage 4,725 sqft
Price per Sqft $148
MLS Listing ID DCDC2159260
Style Other
Abv Grd Liv Area 4,725
Originating Board BRIGHT
Year Built 1943
Annual Tax Amount $23,022
Tax Year 2023
Lot Size 5,500 Sqft
Acres 0.13
Property Description
Investment Opportunity – Entirely Vacant Multifamily Building!
Situated at 413 Atlantic St SE, this completely vacant multifamily property boasts four expansive units with 3 bedrooms and 1 bathroom each, plus a basement unit offering 4 bedrooms and 2 bathrooms.
In 2023, the building experienced a comprehensive interior renovation, which encompassed new finishes for unit interiors, enhancements to shared spaces, and the installation of new appliances, along with the replacement or repair of significant building systems. The latest appraisal values the property at $910,000, derived from an income approach based on $127,000 in annual gross rents and 32% operating expenses which leave a huge room for CASHFLOW
Conveniently located near I-295 and South Capitol Street for easy commuting, the property is just minutes from the Congress Heights Metro Station (Green Line) and several bus lines.
Location
State DC
County Washington
Zoning R-2
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Fireplace N
Heat Source Natural Gas
Exterior
Waterfront N
Water Access N
Accessibility None
Parking Type On Street
Garage N
Building
Foundation Other
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade,Below Grade
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Tax ID 6166//0800
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash,Conventional,FHA,VA
Listing Terms Cash,Conventional,FHA,VA
Financing Cash,Conventional,FHA,VA
Special Listing Condition REO (Real Estate Owned)