$ 2,430,000
747 10TH ST SE Washington, DC 20003
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$ 2,430,000
Est. payment /mo
Active
747 10TH ST SE Washington, DC 20003
8,040 SqFt
UPDATED:
09/20/2024 02:18 AM
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 8,040 sqft
Price per Sqft $302
MLS Listing ID DCDC2159648
Originating Board BRIGHT
Year Built 1912
Annual Tax Amount $17,234
Tax Year 2024
Lot Size 3,010 Sqft
Acres 0.07
Property Description
747 10th Street SE is a 9-unit multifamily asset in the Capitol Hill neighborhood of Washington, DC. The Property is a short walk from Eastern Market (0.5 miles away), Barracks Row (0.2 miles away) and Navy Yard (0.7 miles away), offering a wide array of shopping, dining, grocers, public parks, and entertainment options. The asset is also metrocentric, with the Eastern Market Metro Station located just a 6-minute walk away.
The Property consists of approximately 8,040 gross square feet within a four-story brick building with nine (9) units consisting of three (3) one-bedroom units in the lower level, two (2) two-bedroom units, and four (4) two-bedroom plus den units on the top three floors. The Property’s existing high level of physical vacancy (7 units or 77.7%) presents investors with the opportunity to add value immediately and capitalize on the broad range of renters that seek out Capitol Hill for housing including Capitol Hill
staffers, lobbyists, trade associations, universities, student/interns, just to name a few.
The rear yard can be accessed via a public alleyway, which creates the opportunity to accommodate 3-4 off-street parking spaces at the Property. Also, the asset features a multilevel covered deck off the rear which provides amenity space for building residents.
When fully occupied, the asset can generate $18,000+ in monthly rental income.
The Property consists of approximately 8,040 gross square feet within a four-story brick building with nine (9) units consisting of three (3) one-bedroom units in the lower level, two (2) two-bedroom units, and four (4) two-bedroom plus den units on the top three floors. The Property’s existing high level of physical vacancy (7 units or 77.7%) presents investors with the opportunity to add value immediately and capitalize on the broad range of renters that seek out Capitol Hill for housing including Capitol Hill
staffers, lobbyists, trade associations, universities, student/interns, just to name a few.
The rear yard can be accessed via a public alleyway, which creates the opportunity to accommodate 3-4 off-street parking spaces at the Property. Also, the asset features a multilevel covered deck off the rear which provides amenity space for building residents.
When fully occupied, the asset can generate $18,000+ in monthly rental income.
Location
State DC
County Washington
Zoning RF-1
Interior
Hot Water 60+ Gallon Tank
Heating Radiator
Cooling Window Unit(s)
Heat Source Natural Gas
Exterior
Garage Spaces 3.0
Waterfront N
Water Access N
Accessibility None
Total Parking Spaces 3
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Tax ID 0950//0053
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
Listed by Christian Barreiro • Horvath & Tremblay MD, LLC