$1,215,000
$1,150,000
5.7%For more information regarding the value of a property, please contact us for a free consultation.
1243 PENN ST NE Washington, DC 20002
2,268 SqFt
Key Details
Sold Price $1,215,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,268 sqft
Price per Sqft $535
MLS Listing ID DCDC2011476
Sold Date 10/20/21
Style Back-to-Back
Abv Grd Liv Area 2,268
Originating Board BRIGHT
Year Built 1935
Annual Tax Amount $3,874
Tax Year 2020
Lot Size 2,814 Sqft
Acres 0.06
Property Description
Great for owner occupant or investor! All units are 1 BR+den or small 2nd BR. Three units tastefully renovated since 2017. Unit #3 is vacant and ready to show. All renovated units have heat pumps, stainless steel appliances, renovated kitchens and baths. Two market rate tenants pay $1900 and $1500/month. Unit #4 is occupied by a very nice Section 8 tenant who pays $1200/month total (including co-pay, which she pays). Her unit has not been renovated. This property is NOT in an Opportunity Zone, but the owners had a feasibility study done several years ago which shows that you can go up one story and down one story. You cannot increase the number of units, but they can become duplexes. Feasibility Study is in the Documents section. PLEASE NOTE THAT THE NUMBERS ARE OUT OF DATE ON THE FEASIBILITY STUDY. Show only vacant unit #3. We will make arrangements to show other units after contract is ratified. Hardwood floors in Units 1&3, and LVP in Unit 2
Kitchens with quartz countertops
Dishwashers in Units 2&3
All units new HVACs in 2021
Unit 1, 2, 3 new water heater 2021
Unit 4 new water heater 2017
Washer & Dryer in 3 units
Location
State DC
County Washington
Zoning RESIDENTIAL
Interior
Hot Water Natural Gas
Heating Forced Air, Heat Pump(s)
Cooling Central A/C
Equipment Refrigerator, Dishwasher, Disposal, Built-In Microwave, Stainless Steel Appliances, Stove, Dryer, Washer
Fireplace N
Appliance Refrigerator, Dishwasher, Disposal, Built-In Microwave, Stainless Steel Appliances, Stove, Dryer, Washer
Heat Source Natural Gas
Exterior
Utilities Available Natural Gas Available
Waterfront N
Water Access N
View City
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
Architectural Style Back-to-Back
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Tax ID 4060//0258
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Conventional, FHA, Cash, VA
Listing Terms Conventional, FHA, Cash, VA
Financing Conventional,FHA,Cash,VA
Special Listing Condition Standard
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Bought with Philip C DiRuggiero • Engel & Volkers Washington, DC