NOT LISTED FOR SALE

4430 Martin Luther King jr Ave SW Washington, DC 20032

Bellevue Neighborhood
-- Bed
1 Bath
-- Sq Ft
4,897 Sq Ft Lot

Last Sold November 10, 2014

Last sale price $975,000

116 Days on Market

Highlights

  • No HOA
  • Radiator
  • 3-minute walk to Fort Greble Park
  • Property is in very good condition

About This Home

As of November 2014

Cash cow! Brick building in very good condition. Professional management. Spacious units are almost all Housing Voucher (former Sec. 8) which means regular income. Showings by appointment via lister. 6 parking spaces make for potential additional income. Cap rate above 8%.Put this property in your portfolio and relax! Microsoft building office nearby. Smart money going to SE & SW. Be there!

Last Agent to Sell the Property

Ellen Levy

(202) 364-1515 ellen@dcrealestategurus.com RE/MAX Allegiance License #16498 Listed on: 04/04/2014

RE/MAX Allegiance

Co-Listed By

Barry Levy

(443) 827-1059 barry@levyteam.com RE/MAX Allegiance License #SP98560

RE/MAX Allegiance

Last Buyer's Agent

Barry Levy

(443) 827-1059 barry@levyteam.com RE/MAX Allegiance License #SP98560

RE/MAX Allegiance

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,647

Year Built

  • Built in 1948

Lot Details

  • 4,897 Sq Ft Lot
  • Property is in very good condition

Home Design

  • Brick Exterior Construction

Parking

  • Free Parking
  • Off-Street Parking
  • Unassigned Parking

Utilities

  • Window Unit Cooling System
  • Radiator
  • Natural Gas Water Heater
  • Public Septic

Additional Features

  • Stove
  • Connecting Stairway

Listing and Financial Details

  • Tax Lot 74
  • Assessor Parcel Number 6240//0074

Community Details

Overview

  • No Home Owners Association
  • 11 Units

Building Details

  • Income includes laundry
  • Operating Expense $37,675
  • Net Operating Income $103,894

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,647

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Ownership: Fee Simple
  • Inclusions: ,Parking Included In SalePrice
  • New Construction: No
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Refrigerator, Stove
  • Fireplace: No
  • Basement: Yes
  • Basement Type: Connecting Stairway, Improved

Exterior Features

  • Construction Materials: Brick
  • Construction Completed: No
  • Roof: Unknown
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Unassigned, Free
  • Type Of Parking: Off Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Natural Gas
  • Heating Type: Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Septic, Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Lot Info

  • Improvement Assessed Value: 821180.00
  • Land Assessed Value: 196120.00
  • Lot Size Acres: 0.11
  • Lot Size Area: 4897
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4897.00
  • Property Condition: Very Good
  • Soil Types: Urban Land-Cristiana-Sunnysider
  • Zoning: UNKNOWN
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 16108241
  • Tax Annual Amount: 8647.05
  • Assessor Parcel Number: 6240//0074
  • Tax Lot: 74
  • Tax Year: 2013

Multi Family

  • Gross Income: 141570.00
  • Income Includes: Laundry
  • Metering: All Common
  • Operating Expense: 37675.00
  • Vacancy Allowance Rate: 18.00

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/10/2014 11/10/14 Sold $975,000 -2.5% --
07/29/2014 07/29/14 Pending -- -- --
04/04/2014 04/04/14 For Sale $1,000,000 -- --
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Ellen Levy

    Seller's Agent in 2014

    Ellen Levy

    RE/MAX

    (202) 364-1515

    38 Total Sales

    Ellen Levy
    Section Image
  • Barry Levy

    Seller Co-Listing Agent in 2014

    Barry Levy

    RE/MAX

    (443) 827-1059

    28 Total Sales

    Barry Levy
    Section Image
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Map

Source: Bright MLS

MLS Number: 1002911970

Bright MLS
District of Columbia District of Columbia County Washington 20032 Bellevue

4430 Martin Luther King jr Ave SW, Washington, DC

Not Listed for Sale

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