1600 E St NE Washington, DC 20002
Kingman Park Neighborhood
--
Bed
--
Bath
3,810
Sq Ft
2,951
Sq Ft Lot
Highlights
- Traditional Architecture
- Central Air
- Electric Baseboard Heater
About This Home
As of June 2023Four-unit Property in the well sought-after Kingman Park neighborhood on Capitol Hill in NE Washington, D.C. New ownership will reap the benefits of future developments planned for the area. This property boasts spacious floor plans and a favorable unit mix of two three-bedroom units and two two-bedroom units.
TURNKEY ASSET: The Property has undergone recent renovations that will reduce future repairs and maintenance costs as well as limit the need for additional capital improvements by the purchaser. The
scope of renovation includes significant interior and systems upgrades; and roof replacement in 2021.
SELF-CONTAINED UNITS: Each unit is individually-metered for electricity and has individual heating and cooling systems (HVAC). Separately metered utilities greatly limit ownership’s expense exposure, as the cost is solely on the tenant (except for water/sewage).
NEARBY NEW DEVELOPMENTS: 1600 E Street NE is encircled by three of D.C.’s most notable
neighborhood revitalization (Benning Road, RFK Stadium, and the H Street Corridor) and nearby to the long-planned Hechinger Mall redevelopment. With billions of dollars flowing into the neighborhood, the Property is poised for significant future growth as the local infrastructure continues to deliver.
GET PAID TO BUILD EQUITY: With as little as 5% down on a $1,700,000 loan amortized over 30 years at a 5% interest rate, ownership can expect a monthly payment of approximately $9,536, taxes included. With in-place rents averaging $3,365 per unit, new ownership can live in one of the units while still generating $1,000 of income per month. A fantastic opportunity for anyone looking to live rent free with the benefit of additional income after mortgage payments.
Last Agent to Sell the Property
Greysteel Company LLC License #0225081719 Listed on: 04/05/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,476
Year Built
- Built in 1936
Lot Details
- 2,951 Sq Ft Lot
Parking
- On-Street Parking
Home Design
- 3,810 Sq Ft Home
- Quadruplex
- Traditional Architecture
- Brick Exterior Construction
- Brick Foundation
- Pitched Roof
Utilities
- Central Air
- Electric Baseboard Heater
- Natural Gas Water Heater
- Public Septic
- Cable TV Available
Community Details
- 4 Units
- Old City #1 Subdivision
Listing and Financial Details
- Tax Lot 131
- Assessor Parcel Number 4538//0131
Similar Homes in Washington, DC
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/15/2023 06/15/23 | Sold | $1,397,399 | -0.2% | $367 / Sq Ft |
| 05/02/2023 05/02/23 | Pending | -- | -- | -- |
| 04/05/2023 04/05/23 | For Sale | $1,400,000 | +44.3% | $367 / Sq Ft |
| 01/16/2018 01/16/18 | Sold | $970,102 | 0.0% | $722 / Sq Ft |
| 01/16/2018 01/16/18 | Pending | -- | -- | -- |
| 01/16/2018 01/16/18 | For Sale | $970,000 | -- | $722 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
Agents Affiliated with this Home
-
Ari Firoozabadi
A
Seller's Agent in 2023
Ari Firoozabadi
Greysteel Company LLC
(202) 280-2722
3 in this area
33 Total Sales
-
Hulunem Woldgebreal
Buyer's Agent in 2023
Hulunem Woldgebreal
Samson Properties
(703) 861-8427
1 in this area
119 Total Sales
-
Robert Sanders
Seller's Agent in 2018
Robert Sanders
TTR Sotheby's International Realty
(202) 744-6463
1 in this area
339 Total Sales
-
Brent Jackson
Buyer's Agent in 2018
Brent Jackson
TTR Sotheby's International Realty
(202) 263-9200
3 in this area
288 Total Sales
Map
Source: Bright MLS
MLS Number: DCDC2090978
APN: 4538 0131
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