Don't miss out on a prime investment opportunity in the rapidly-growing Deanwood Neighborhood at 5920 Foote St NE! This strategically located 12-unit multifamily building, just off Eastern Ave with all 6 Metro lines nearby, offers a diverse unit mix with 5 spacious 2-bedroom and 7 comfortable 1-bedroom units. 75% vacancy allows for immediate renovation, and TOPA period has been initiated with the 3 current tenants indicating they will not exercise their TOPA rights. Consider converting 1-bedroom units to 2-bedroom to potentially increase gross annual rents by up to $250,000. Units are separately metered and share water.
Property Details
MLS #
DCDC2116394
Property Type
Commercial Sale
Listing Status
ACTIVE
Listing Price
$1,700,000
Year Built
1952
Lot Acreage
NA
Subdivision
City
WASHINGTON
County
WASHINGTON
Water Source
Public
Sewer
Public Sewer
Zoning
UNK
Exterior Details
Home Type
Parking
None
Interior Details
Interior Space
sq ft
Heating
Other - Forced Air
Cooling
Electric - Other,Window Unit(s)
Hot Water
Other
Accessibility Features
None
Financial Details
County Tax
$8,742.00
Special Tax Assessment
$0
Tax Year
2022
Total Assessment
$1,047,600
Total Taxes
$8,742
Listing Courtesy of
Listing Office
Samson Properties
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