$242.91 Per Sq Foot $4,831 est/mo Sourced by Back At You

610 Eastern Ave NE,Washington, DC 20019

Washington DC, 20019

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Description

Discover the potential at 610 Eastern Ave NE, where a well-situated 6-unit multifamily building awaits your investment savvy. Located on Eastern Ave, boasting access to all 6 Metro lines, this property offers unbeatable convenience. Featuring a well-balanced unit mix with 3 generous 2-bedroom units and 3 comfortable 1-bedroom units, this property is already equipped with washer/dryer and dishwasher in each unit, enhancing its appeal to tenants. 1 of the 6 units is vacant, with current gross income (under market) coming in at $6477/month. There's a golden opportunity to renovate and potentially increase gross annual rents by up to $125,000, especially by considering the conversion of 1-bedroom units into 2-bedroom layouts. Units are separately metered and cost is minimized with shared water services. Plus, benefit from the ongoing redevelopments in the neighborhood, positioning this property as a smart addition to your real estate portfolio. The Deanwood Submarket is in one of the last underdeveloped Wards in DC and has attracted major attention from both the private and public sector. It’s on a seemingly endless array of best of real estate lists, with Redfin naming it one of 10 hottest neighborhoods in the COUNTRY. Numerous multi-million development projects are underway in Ward 7, including the $75M Deanwood Town Center and the $115M+ Parkside redevelopment project in D.C., covering 26 acres and 3.1 million square feet. This is your chance to secure an investment with both immediate returns and promising long-term growth.

Details

MLS#DCDC2116454
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1952
Days On Site217
Listing Provided BySamson Properties | Khaled Al hajbeh

Features

SQ Feet3,705
ZoningUNK
Acreage0.09

Market Activity 20019

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Learn More About This Property

StateDC
CountyWashington
CityWashington
Zip Code20019
School DistrictDistrict Of Columbia Public Scho
Listing VS Median (in 20019)
Price:
$900,000
low | high
Med:
$399,000
100% of Average
SqFt:
3,705
low | high
Med:
1,190
100% of Average
$ / SqFt:
$243
low | high
Med:
$335
11.970588235294% of Average
On Site:
217
low | high
Med:
373.000000
58.176943699732% of Average
Sourced by Back At You
Listing Updated: April 29, 2024 at 3:13:18 PM PDT