2303 S ST SE Active Save Request In-Person Tour Request Virtual Tour
Washington,DC 20020
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 2,592 sqft
Price per Sqft $250
Subdivision Marshall Heights
MLS Listing ID DCDC2196686
Style Traditional
Abv Grd Liv Area 2,592
Year Built 1956
Available Date 2025-05-17
Annual Tax Amount $5,198
Tax Year 2024
Lot Size 5,437 Sqft
Acres 0.12
Property Sub-Type Detached
Source BRIGHT
Property Description
***EXCELLENT OPPORTUNITY FOR INVESTOR OR FIRST TIME HOMEBUYER***Welcome to 2303 S Street SE a multiple unit apartment building located in the subdivision of Randal Heights, Washington DC. At current, each unit offers 1 bedroom/1 bath. Lot size: 5,437 s/f; Zoning R-3; Total building s/f of 2,592. Off-street parking for 2+ vehicles. Two units are “turnkey” with updated flooring, freshly painted and stainless-steel appliances. Exterior in need of some repairs. Excellent investment property. BUILDING IS FULLY DETACHED. EASY CONVERSION TO 2-BEDROOM UNITS WITHOUT ADDING TO FOOTPRINT. Potential fair market rent per unit is $1,500 per month. Expenses: Property Taxes $5,200; Maintenance Fees $6,000; Management Fees: $6,000; Property Insurance: $4,800; Reserves: $8,000; NOI: $42,000; Cap Rate: 7%. PLEASE BE ADVISED…UNIT #A IS OCCUPIED! PLEASE DO NOT DISTURB. ALL OTHER UNITS ARE VACANT. BUILDING WILL BE DELIVERED VACANT.
Location
State DC
County Washington
Zoning R3
Interior
Hot Water Natural Gas
Heating Radiator
Cooling None
Fireplace N
Heat Source Natural Gas
Exterior
Garage Spaces 2.0
Water Access N
Accessibility None
Total Parking Spaces 2
Garage N
Building
Foundation Block
Sewer Private Sewer,Public Septic
Water Public
Architectural Style Traditional
Additional Building Above Grade,Below Grade
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Tax ID 5627//0809
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard