$3,000,000
Estimated Payment$14,169/mo
Multi-Family For SaleUnder Contract

3205 7th St NE, Washington, DC 20017

6,744Sq. Ft.
Multi-Family Home In Brookland

Unique opportunity to own 4 condos that were purchased together to become this incredible 6,744 sq ft multi-family building blocks to Catholic University in Brookland! Built in 2016 the building includes 4 surface parking spaces and 4 storage rooms. Each unit has its own balcony. Excellent location: 4 block walk to Brookland-Cua Metro. 2 blocks to shopping, retail & restaurants on Monroe St.Units 1 & 2: 1,580 sq ft on three levels. 3 bedrooms, 3 full baths. Large and bright living rooms with space for dining table. Kitchens with stainless appliances, granite countertops, huge kitchen island. Hardwood floors throughout. Generous sized bedrooms and beautiful baths.Details:Unit 1, currently rented to 3 adult tenants for $3,712 per month. Lease ends July 31st. Unit 2, the 3 rooms are individually rented to 3 student tenants for $1,400/month, total $4,200/month. Lease ends Nov 30th.Units 3 & 4: 1,438 sq ft on 2 levels. 2 bedrooms, den, 2.5 baths. Large and bright living rooms with space for dining table. Kitchens with stainless appliances, granite countertops, huge kitchen island. Hardwood floors throughout. Generous sized bedrooms and beautiful baths.Details:Unit 3, currently rented to 5 student tenants for $4,250 per month. Lease ends July 31st.Unit 4, currently rented to 6 student tenants for $42,50 per month. Lease ends May 31st.Financials for 2021Income, $189,740Expenses, $58,093Cap rate, 4.4%Please note rental prices dropped during Covid. Previous rents received were up to $5,000 for Units 1 & 2 and $4,500 for Units 3 & 4.Reasonable estimate for future rentals could be $4,500 per unit. At that rate:Potential Income, $216,000Potential Expenses, $58,093Potential Cap rate, 5.3%

3205 7th St NE is a multi family-home located in District Of Columbia, the 20017 ZIP Code, and the Noyes Education Campus School, Brookland Middle School, and Dunbar Senior High School attendance zones.

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3205 7th St NE
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Location
3205 7th St NE Washington, DC 20017
Home Details

Listing Details

General

  • Total Number of Units: 4

    Interior Details

    Utilities

    • Cooling Details: Central A C
    • Heating Details: Forced Air

    General

    • Interior Features: Floor Plan Open, Kitchen Island, Recessed Lighting, Wood Floors

      Financial Details

      Tax Details

      • Annual Tax Amount: 21330

        Property Details

        Parking

        • Parking Features: Surface
        • Garage: 4 0
        • Other Parking: Surface

        MLS Details

        General

        • Days on Homes.com: 126
        • MLS Number: DCDC2028152
        • Listed: 1/17/2022
        • Last Updated: 5/23/2022
        • Offered By: Compass
        • Listing Source: Bright Mls
        Monthly Payment Calculator

        $14,169

        Estimated Mortgage
        Principal & Interest
        $10,119
        Insurance
        $1,050
        Taxes
        $3,000
        Mortgage Insurance
        $0
        i
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        Nearby Schools
        School data provided by GreatSchools
        i
        The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs and consider family needs as a part of the school selection process.
        Points of Interest

        Airports

        Distance
        • Ronald Reagan Washington National
          8.6 mi

        Colleges

        Distance
        • The Catholic University of America
          1.3 mi
        • Trinity Washington University
          1.1 mi
        • Gallaudet University
          2.1 mi

        Military Bases

        Distance
        • US Soldiers & Airmens Home
          1.3 mi
        • Naval Observatory
          5.1 mi

        Parks and Recreation

        Distance
        • Washington Youth Garden
          2.3 mi
        • Carter G. Woodson Home National Historic Site
          2.4 mi
        • Mount Rainier Nature Center
          2.5 mi
        • National Arboretum
          2.9 mi
        • Meridian Hill Park
          3.0 mi

        Shopping Centers

        Distance
        • Brookland Center
          0.6 mi
        • Rhode Island Avenue Shopping Center
          1.0 mi
        • Rhode Island Place
          1.3 mi
        Listing Agent
        Sheila Hazzan
        Compass
        Washington, DC
        Continue Your Search

        $3,000,000

        6,744 Sq. Ft.

        3205 7th St NE

        Washington, DC 20017

        Sheila Hazzan
        Compass