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1101 P Street NW

WASHINGTON, DC 20005
  • $2,595,000
  • STATUS: Pending
  • ON SITE: 91 Days
  • ID#: DCDC2130116
Pending
UPDATED: 72 min ago
$2,595,000
  • 0
    BEDS
  • 0.04
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,414
    SQFT
  • $479
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1900
County:

School Ratings & Info

Description

Prime corner location 6-unit rental in excellent condition and just 1.5 blocks from Logan Circle in Washington DC. Highly desirable and easy to rent, this investment property is ready to add to your portfolio. Its condition and location make it an ideal investment capable of commanding above market rents. Currently configured into five 1BRs and a massive 2BR, the building features 6,060 sf of MU-4 (mixed use) zoning. Currently, 5 units are operated under a corporate housing model that can be continued or transitioned into yearly leases after the sale. One unit is under current lease that runs through April 2024. It has a two-car garage and driveway parking for two additional cars.Fully renovated in 2008, the units are outfitted with solid cherry hardwood floors, tall ceilings with recessed lights, and travertine marble baths with tubs and glass showers. the kitchens vary in size, but most include white quartz counters, stainless steel appliances, dishwashers and breakfast bars. Each unit has its own front loading washer/dryer. Heating and AC are electric heat pumps and the cooking fuel is gas. There are seven electrical meters including one for each unit and one house meter. Each unit has a 200 amp service and has been fully upgraded.Originally built in 1900, the building is historic and includes a L'Enfant faade easement. The front entry is grand with wood and glass french doors topped with a decorative leaded transom. The front and side yards are low maintenance stone and there are crepe myrtle trees all around. Unit B is a huge and bright 1BR/1.5BA in the basement with windows all around and its own separate entrance.. Unit 1F is a 1,400+ sf 2BR/2.5BA with tall ceilings, its own fireplace, a gourmet kitchen with a sub zero fridge and massive bedrooms, its own rear balcony. Unit 2F is a 1BR/1BA in the front with a large bay window and ample southern light and a stylish kitchen. Unit 2R is a 1BR/1BA with multiple exposures, a large bedroom, a quartz countered wrap-around kitchen and large entryway with multiple closets. Unit 3F is a 1BR/1BA on the top floor set into the mansard roof with a separate kitchen, big bedroom, a curved wall and a marble bath with glass shower. Unit 3R is a top floor 1BR w/sleek kitchen, large bedroom, great views and plenty of storage.*** Close to metro, bus lines, Whole Foods, bars, restaurants, yoga and fitness studios, downtown DC and more. 14th St, NW is a 5 minute walk. ***

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Great Falls Great Homes | Long & Foster Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-05-30T06:59:29.023.
www.greatfallsgreathomes.com/homes/148085337
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1101 P Street NW WASHINGTON, DC 20005

  • Price: $2,595,000
  • Status: Pending
  • On Site: 91 Days
  • Updated: 72 min ago
  • ID#: DCDC2130116
0
Beds
0
Baths
0
½ Baths
0.04
Acres
5,414
SQFT
$479
$/SQFT
1900
Built
Neighborhood:
Logan Circle
County:
Washington
School District:
District Of Columbia Public Schools
Property Description
Prime corner location 6-unit rental in excellent condition and just 1.5 blocks from Logan Circle in Washington DC. Highly desirable and easy to rent, this investment property is ready to add to your portfolio. Its condition and location make it an ideal investment capable of commanding above market rents. Currently configured into five 1BRs and a massive 2BR, the building features 6,060 sf of MU-4 (mixed use) zoning. Currently, 5 units are operated under a corporate housing model that can be continued or transitioned into yearly leases after the sale. One unit is under current lease that runs through April 2024. It has a two-car garage and driveway parking for two additional cars.Fully renovated in 2008, the units are outfitted with solid cherry hardwood floors, tall ceilings with recessed lights, and travertine marble baths with tubs and glass showers. the kitchens vary in size, but most include white quartz counters, stainless steel appliances, dishwashers and breakfast bars. Each unit has its own front loading washer/dryer. Heating and AC are electric heat pumps and the cooking fuel is gas. There are seven electrical meters including one for each unit and one house meter. Each unit has a 200 amp service and has been fully upgraded.Originally built in 1900, the building is historic and includes a L'Enfant faade easement. The front entry is grand with wood and glass french doors topped with a decorative leaded transom. The front and side yards are low maintenance stone and there are crepe myrtle trees all around. Unit B is a huge and bright 1BR/1.5BA in the basement with windows all around and its own separate entrance.. Unit 1F is a 1,400+ sf 2BR/2.5BA with tall ceilings, its own fireplace, a gourmet kitchen with a sub zero fridge and massive bedrooms, its own rear balcony. Unit 2F is a 1BR/1BA in the front with a large bay window and ample southern light and a stylish kitchen. Unit 2R is a 1BR/1BA with multiple exposures, a large bedroom, a quartz countered wrap-around kitchen and large entryway with multiple closets. Unit 3F is a 1BR/1BA on the top floor set into the mansard roof with a separate kitchen, big bedroom, a curved wall and a marble bath with glass shower. Unit 3R is a top floor 1BR w/sleek kitchen, large bedroom, great views and plenty of storage.*** Close to metro, bus lines, Whole Foods, bars, restaurants, yoga and fitness studios, downtown DC and more. 14th St, NW is a 5 minute walk. ***
Exterior Features

Architectural Style Victorian Construction Materials Brick Garage Spaces 2.00 Garage Type Basement Garage Garage YN Yes Parking Types Parking GarageDriveway Pool No Pool Property Condition Excellent Soil Types Urban Land-Sassafras-Chillum Water Access YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 4370 Below Grade Finished Area 1044 Below Grade Unfinished Area 374 Cooling Central A/C Fireplace YN Yes Fireplaces Total 2 Flooring Hardwood Heating Heat Pump - Electric BackUp Heating YN Yes Single Room Units 0 Three Bedroom Units 0 Two Bedroom Units 1 Units Furnished Some

Property Features

Accessibility Features Other Central Air YN Yes Cooling Fuel Electric Cross Street 11th Existing Lease Type Month to Month Foundation Details Block Heating Fuel Electric Historic YN Yes Hot Water Natural GasInstant Hot WaterElectric Navigable Water YN N Net Operating Income 182104.00 New Construction YN No Number Of Units Leased 1 Number Of Units Total 4 Number Of Units Vacant 5 Operating Expense 30896.00 Original MLSNumber 802889749124 Ownership Interest Fee Simple Property Sub Type Other Rent Control YN Yes Sale Type Standard Sewer Public Sewer Structure Design Type End of Row/Townhouse Tax Annual Amount 11797.00 Tax Lot 3 Total Actual Rent 213000.00 Vacation Rental YN No Water Source Public Year Built Effective 2008 Zoning MU-4 Zoning Description Mixed Use Permitted

Listing courtesy of Engel & Volkers Washington, DC: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Great Falls Great Homes | Long & Foster Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-05-30T06:59:29.023.
 
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