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    1417 Spring Road NW

    WASHINGTON, DC 20010
    • $1,600,000
    • STATUS: Active
    • ON SITE: 135 days
    • ID#: DCDC492174
    UPDATED: 62 min ago
    $1,600,000
    • 0
      BEDS
    • 0.03
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,080
      SQFT
    • $1,481
      $/SQFT
    Type:
    Multi-Family
    Built:
    1923
    County:

    School Ratings & Info

    Description

    This three-unit property is being brought to market after a complete top-to-bottom renovation. All mechanical systems and appliances are brand new. Each of the three units offers three bedrooms and one bathroom. Pending final approval by DC Housing Authority, this property will be operating at above-market rental rates by way of the Voucher Program. Monthly gross rental income would be guaranteed throughout the program at $11,616 and gross annual income at $139,392. A third party rental agency has been contracted to ensure all inspections are property cleared and that the building can be conveyed at 100% occupancy, translating to immediate cash flow the future owner.

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    ©2021 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 Yesford & Associates | eVenture LLC. 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: 2021-02-27T11:52:02.51.
    www.realestateinnorthernvirginia.com/homes/111018676
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    1417 Spring Road NW WASHINGTON, DC 20010

    • Price: $1,600,000
    • Status: Active
    • Updated: 62 min ago
    • ID#: DCDC492174
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.03
    Acres
    1,080
    SQFT
    $1,481
    $/SQFT
    1923
    Built
    County:
    Washington
    School District:
    District Of Columbia Public Schools
    Property Description
    This three-unit property is being brought to market after a complete top-to-bottom renovation. All mechanical systems and appliances are brand new. Each of the three units offers three bedrooms and one bathroom. Pending final approval by DC Housing Authority, this property will be operating at above-market rental rates by way of the Voucher Program. Monthly gross rental income would be guaranteed throughout the program at $11,616 and gross annual income at $139,392. A third party rental agency has been contracted to ensure all inspections are property cleared and that the building can be conveyed at 100% occupancy, translating to immediate cash flow the future owner.
    Exterior Features

    Architectural Style Traditional Construction Materials Brick Garage YN No Other Structures Above GradeBelow Grade Parking Types None Pool No Pool Riparian Rights YN No Soil Types Urban Land-Sassafras-Chillum Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Interior Features

    Above Grade Fin SQFT 1080 Below Grade Finished Area 0 Below Grade Unfinished Area 540 Cooling None Fireplaces Total 0 Heating Forced Air Heating YN Yes Single Room Units 0 Three Bedroom Units 3 Two Bedroom Units 0

    Property Features

    Accessibility Features None Assessment Year 2020 Association YN No Central Air YN No Cooling Fuel Electric Heating Fuel Electric Hot Water Electric Navigable Water YN N New Construction YN No Number Of Units Total 3 Original MLSNumber 304355035379 Ownership Interest Fee Simple Possession Coin W/Sell Sett Property Sub Type Triplex Sale Type Standard Sewer Public Sewer Structure Design Type Interior Row/Townhouse Tax Annual Amount 28088.00 Tax Assessment Amount 578470.00 Tax Lot 60 Total Actual Rent 139392.00 Vacation Rental YN No Water Source Public Zoning Ra-2

    Listing courtesy of Compass.


    ©2021 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 Yesford & Associates | eVenture LLC. 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: 2021-02-27T11:52:02.51.
     
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