Description
Fantastic Eckington location! This Duplex has been fully rented for the last 15 years+ due to its location 3 blocks from Rhode Island metro Red Line, shops and restaurants, bike and walking trails and proximity to all DC has to offer in work and play. There have been various updates and renovations over the years (see disclosures) but upside on this investment opportunity is terrific.The lower unit is currently vacant and can be seen easily. Current configuration has the primary bedroom in the large, back addition (see floor plan in "Tours"). Kitchen counters and cabinets renovated in 2014. Bathroom renovated completely 9/2022. Live in one unit and rent out the other or continue as a duplex rental. Current cap rate 6.25% but with renovations and current market rent rate, 7%+. The RF-1 zoning on this building permits adding another story so possibility of condo conversion.Yard is large and flat and backs to an alley. Easy to pave a portion of rear yard to make parking pad for 2. One block to the entrance of Metropolitan Branch Trail that runs from Union Station to Silver Spring.
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0BEDS
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0.06ACRES
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0BATHS
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01/2 BATHS
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1,680SQFT
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$446$/SQFT
Description
Fantastic Eckington location! This Duplex has been fully rented for the last 15 years+ due to its location 3 blocks from Rhode Island metro Red Line, shops and restaurants, bike and walking trails and proximity to all DC has to offer in work and play. There have been various updates and renovations over the years (see disclosures) but upside on this investment opportunity is terrific.The lower unit is currently vacant and can be seen easily. Current configuration has the primary bedroom in the large, back addition (see floor plan in "Tours"). Kitchen counters and cabinets renovated in 2014. Bathroom renovated completely 9/2022. Live in one unit and rent out the other or continue as a duplex rental. Current cap rate 6.25% but with renovations and current market rent rate, 7%+. The RF-1 zoning on this building permits adding another story so possibility of condo conversion.Yard is large and flat and backs to an alley. Easy to pave a portion of rear yard to make parking pad for 2. One block to the entrance of Metropolitan Branch Trail that runs from Union Station to Silver Spring.
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