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1231 Queen Street NE

WASHINGTON, DC 20002
  • $1,175,000
  • STATUS: Active
  • ON SITE: 229 Days
  • ID#: DCDC2071836
UPDATED: 55 min ago
$1,175,000
  • 0
    BEDS
  • 0.06
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,584
    SQFT
  • $455
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1936
County:

School Ratings & Info

Description

Lease option available. Great development & cash flow opportunity! Vacant (no TOPA!) 4-unit on a prime street in Trinidad.+-+-Each unit is a 2 Bedroom / 1Bath.+- Lease with option to purchase at a locked in price. Initially, the buyer only needs to pay the option fee and renovations.+- $5500/month for 8-12 years includes taxes and insurance!+-+-This building needs work throughout and is sold AS IS but was fully rented a year and a half ago.+- Current housing vouchers provide $2000/month per unit. The $8000 minimum projected gross income (Annual ROI = 20-30%). More if short term rental or if+-third level or rooftop is added (see 1230 Queen St+-directly across the street). Rents and equity have steadily climbed.+-+-This building is also a perfect condo conversion opportunity with 2/1 condo comps selling over 600k!+-Gas & Electric separately metered. Fantastic location - within walking distance to Gallaudet University, Union Market, NOMA-Galludet Metro station, bustling H Street corridor, Union Station, Whole Foods, and the National Arboretum.

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©2023 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 The Shawn Martin Group | Keller Williams Flagship of Maryland. 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: 2023-06-06T11:53:49.46.
www.mymarylandrealestate.com/homes/134076354
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1231 Queen Street NE WASHINGTON, DC 20002

  • Price: $1,175,000
  • Status: Active
  • On Site: 229 Days
  • Updated: 55 min ago
  • ID#: DCDC2071836
0
Beds
0
Baths
0
½ Baths
0.06
Acres
2,584
SQFT
$455
$/SQFT
1936
Built
Neighborhood:
Trinidad
County:
Washington
School District:
District Of Columbia Public Schools
Property Description
Lease option available. Great development & cash flow opportunity! Vacant (no TOPA!) 4-unit on a prime street in Trinidad.+-+-Each unit is a 2 Bedroom / 1Bath.+- Lease with option to purchase at a locked in price. Initially, the buyer only needs to pay the option fee and renovations.+- $5500/month for 8-12 years includes taxes and insurance!+-+-This building needs work throughout and is sold AS IS but was fully rented a year and a half ago.+- Current housing vouchers provide $2000/month per unit. The $8000 minimum projected gross income (Annual ROI = 20-30%). More if short term rental or if+-third level or rooftop is added (see 1230 Queen St+-directly across the street). Rents and equity have steadily climbed.+-+-This building is also a perfect condo conversion opportunity with 2/1 condo comps selling over 600k!+-Gas & Electric separately metered. Fantastic location - within walking distance to Gallaudet University, Union Market, NOMA-Galludet Metro station, bustling H Street corridor, Union Station, Whole Foods, and the National Arboretum.
Exterior Features

Architectural Style Other Construction Materials Brick Garage YN No Parking Types On Street Pool No Pool Property Condition AverageBelow Average Riparian Rights YN No Soil Types Urban Land-Beltsville-Chillum Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 2584 Appliances DisposalDryerRefrigeratorStoveWasherWater Heater Basement YN No Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Window Unit(S) Fireplace YN No Fireplaces Total 0 Heating Forced Air Heating YN Yes Interior Features Ceiling Fan(S)FlatFloor Plan - TraditionalTub ShowerWood Floors Rooms Total 20 Single Room Units 0 Three Bedroom Units 0 Two Bedroom Units 4

Property Features

Acceptable Financing CashBank PortfolioConventionalFhaNegotiable Accessibility Features None Assessment Year 2022 Central Air YN No Cooling Fuel Electric Cross Street West Virginia Foundation Details Other Heating Fuel Natural Gas Hot Water Natural Gas Navigable Water YN N New Construction YN No Number Of Units Leased 0 Number Of Units Total 4 Number Of Units Vacant 4 Original MLSNumber 801958452770 Ownership Interest Fee Simple Possession NegotiableSettlement Property Sub Type Quadruplex Rent Control YN No Sale Type Standard Sewer Public Sewer Structure Design Type Interior Row/Townhouse Tax Annual Amount 6096.00 Tax Assessment Amount 777470.00 Tax Lot 182 Transportation Airport Less Than 10 MilesBus Stop Less Than 1 MileMetro/Subway Station Less Than 1 Mile Utilities Natural Gas AvailableElectric Available Vacation Rental YN No Water Source Public Zoning Rf-1 Zoning Description A Building Or Structure Existing Before May 121958 in The Rf-1 Zone May Be Used For More Than 2 Dwelling Units.

Listing courtesy of Kw Metro Center: .


©2023 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 The Shawn Martin Group | Keller Williams Flagship of Maryland. 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: 2023-06-06T11:53:49.46.
 
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The Shawn Martin Group | Keller Williams Flagship of Maryland
231 Najoles Rd #100
Millersville MD, 21108