224 Upshur St Nw, Washington, DC 20011

$849,900
1,584
SqFt
List Price
$849,900
Days on Market
77
Status
ACTIVE
MLS#
DCDC2138600
Living Area
1,584
Lot Size (Acres)
0.04
Style
Federal
Year Built
1921
County
Washington DC
School District
District Of Columbia Public Schools

Property Description

Fantastic 3-unit investment opportunity. Fully updated and leased, but with flexibility for an owner-occupant or "house hack" investor with a low down payment FHA loan. One unit will free up this summer. Recently renovated, these 1BR/1BA & 1BR/1.5BA units each have their own floor and outdoor space, plus there is a 2-car garage and yard. The location on Upshur Street in Petworth is closet to Green/Yellow Line Metro, bus lines and driving access to North Capitol and just steps from local bars and restaurants like Slash Run, Hitching Post and Timber Pizza. Current NOI is $49K which puts it at a 5.75% CAP rate at list price. Perfect location with Petworth's best amenities within walking distance including green/yellow line metro, Slash Run, Timber Pizza, Cinder BBQ and the Petworth Farmer's Market, Street parking is easy and income from the 2-car garage can be further optimized. Showings will be accompanied and are available for those with significant interest and advance notice.

Additional Information

Taxes
$6433
School District
District Of Columbia Public Schools
Middle School
Raymond Education Campus
Garage
Yes
Garage Spaces
2
Heating
Heat Pump(s)
Heating Fuel
Electric
Cooling
None
Water
Public
Sewer
Public Sewer

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Engel & Volkers Washington, DC. Contact: