Extremely rare opportunity to purchase a Carriage House AND an Income-Generating Unit in the heart of Shaw! Two leases allowed! This is a 2-unit duplex-style property (2 separate units on the same deed!). Both units are currently vacant. The Carriage House, #99, is overflowing with charm and is detached on 3 sides with a private courtyard. The Carriage House features a 1 bed-loft with 1 bathroom, soaring ceilings, 2 levels of EXPOSED BRIGHT WALLS and approx 870 SF. This creative space has a modern open kitchen, central AC, stacked W/D, recently-installed Stainless Steel appliances and a new water heater. The loft boasts a bedroom with vaulted ceilings, brand new carpet and a large closet. The roof was recently coated and the HVAC system recently serviced with a 1-year maintenance warranty. It is an EXTREMELY PRIVATE and INSPIRING LOFT to call home. It is sold together with #100, a condo that is completely renovated to sell and the perfect apartment to rent out. The 880 SF condo's features include an open-concept floor plan with 1 bed/1 bath, and all new flooring. Your tenants will enjoy the natural light beaming into every room with 8 windows on 3-sides of the condo. This income-producing unit has an updated kitchen with brand new stainless steel appliances, refreshed kitchen cabinets and granite counters. The large bathroom has a new quartz counter, large mirror, and a huge walk-in shower. Brand new systems, including: a water heater, stacked W/D, a mini-split HVAC system with 10-year warranty, and lifetime B-Dry waterproofing warranty make for easy ownership. It is a solidly constructed unit with a concrete slab ceiling, providing a quiet place to call home. True to the essence of Shaw's historic roots, this 108-year old building and Carriage House seamlessly blend in and add to the neighborhood's vibrant character. You get to choose: live in one and rent the other - or - rent them both and let your tenants pay for the mortgage and generate instant cashflow! If sold separately, similar units would sell for a combined $1,050,000+. Rent the Carriage House for an estimated $2650/month and the condo for estimated $2400/month--That's $5050/month, which will profit you approx $1200/month on most mortgages. Shaw is a walker's paradise - enjoy a walk-score of 96 with a seven-minute walk to the Shaw/Howard Metro station and countless dining and shopping options! O Street Market is right around the corner. Ready for immediate occupancy. It is truly a one-of-a-kind property! Universal Title highly recommended. Please follow all CDC recommended Covid guidelines and wear a mask while on property. Ready for immediate occupancy. It is truly a one-of-a-kind property! Contact Draper & Kramer for conventional lending options or National Capital Bank for portfolio lending opportunities.
Listing courtesy of Keller Williams Capital Properties.