Location+Cash-flow+Zoning all the values you want as a savvy investor/owner occupied investor!! Full renovation top to bottom Electrical, Mechanical, Plumbing,Flooring, complete in 2016. The building is consisting of 2- 4beds, 1- 3beds and 1- 2 bed units with full occupancy will gross $8672/month. It's also ideal for 1031 exchange and RA-2 zoning will give you a piece of mind for further exit strategy to develop it to 10+ unit condos, THE
Newly renovated and leased . For showings call 301 300 9723 (Rich) or 240 398 8319 ( Richard )Must be purchased with Property next door 1435 . Call for details. Pending release , buyers financing fell through . Fha appraisal completed
INVESTOR OPPORTUNITY!! HANDSOME FACADE IN HOT ANACOSTIA COMMERICAL ZONE.
1 TENANT CURRENTLY. SELLER WILL PROVIDE NOTICE WITH ACCEPTABLE OFFER. SELLER WILL NOT DELIVER THE PROPERTY VACANT.
LARGE FLAT REAR LOT. POSSIBLEY POTENTIAL FOR EXPANSION.
RARELY FOUND SEMI-DETACHED 2- STORY MULTIFAMILY UNIT, IDENTIFIED AS 2307 NICHOLSON STREET SE AND 2305 NICHOLSON STREET SE ( LISTED FOR SALE SAPERATELY). MUST PURCHASE TOGETHER. EACH CONTAINING THREE BEDROOMS AND ONE BATH, SITTING ON NEARLY 7,000 SQUARE FEET OF LAND. A FEASIBILITY STUDY, KNOWN AS THE "NICHOLSON STREET" HAS BEEN DONE TO CONVERT THE PROPERTY INTO A 12-15 UNIT CONDO BUILDING!!! THIS IS AN INVESTOR'S DREAM!! LOCATED TWO
RARELY FOUND SEMI-DETACHED 2- STORY MULTIFAMILY UNIT, IDENTIFIED AS 2305 NICHOLSON STREET,SE AND 2307 NICHOLSON STREET,SE ( ALSO LISTED FOR SALE), EACH CONTAINING THREE BEDROOMS AND ONE BATH, SITTING ON NEARLY 7,000 SQUARE FEET OF LAND. A FEASIBILITY STUDY, KNOWN AS THE "NICHOLSON STREET" HAS BEEN DONE TO CONVERT THE PROPERTY INTO A 12-15 UNIT CONDO BUILDING!!! THIS IS AN INVESTOR'S DREAM!! LOCATED TWO BLOCKS FROM PENNSYLVANIA
Fantastic investment opportunity in the heart of Anacostia! This well maintained 5 unit building is comprised of three 2 bedroom and two 1 bedroom/one bath units. Units include large living/dining areas, full kitchens, hardwood flooring and carpeting. Convenient off street rear parking and fenced-in yard. Plenty of public transportation on Minnesota Ave and Pennsylvania Ave. Tenants are currently occupying all 5 units, so you will have immediate
4-2br units (enclosed rear patio)2-units vacant on bottom2-units occupied on top (1- pays 792, 1 pays 560)Tenants have expressed interest in staying at current rates and will sign TOPA affadavit docs. They no longer want to be bought out during the pandemic. Value Add Opportunity1. Possibly add an additional floor 2. Realign unattached side to 3-bedroom units.
Two lower level units need some work.
Virtual Tour Link:
List of Upgrades: New Black Stainless Steel energy-efficient appliances, New Electricals, NEW plumbing, NEW 2 Unit HVAC, NEW luxury White Quart all around the island, backsplash and the counter, NEW cuff ceiling, NEW recess lighting, NEW modern lighting, NEW Toilets and baths, NEW carpet, NEW windows, NEW doors, NEW sump pump, NEW washer and Dryer, NEW modern faucets, NEW
Newly renovated and leased. For showings & details call 301 300 9723 (Rich) or 240 398 8319 ( Richard). FHA appraisal competed , Title done , no TOPA . Building vacant and ready to go. Buyer didn't perform. Pending release.
Fairlawn housing stock consists of an eclectic mix of styles. Simple, understated townhouses are quite popular, the majority of which are limited to clusters of two, allowing for front and side yards. Joining them are plentiful, bungalows, foursquares, Colonials, and ramblers, as well as numerous garden apartments and condominiums.
The neighborhood plays host to Anacostia High School, Kramer Middle School, and the Anacostia Neighborhood Library. For recreation, one needs only to cross Anacostia Freeway via pedestrian bridge to get to Anacostia Park.
Fairlawn Early Days
Fairlawn, like so many communities south of DC's rivers, remained beautiful sprawling farmland until the late 1800's. At that point a few families began building and living in large stately homes and by the 1920's, Fairlawn had become a rather popular bedroom community, especially among those working on Capitol Hill or in the Washington Navy Yard. After decades of change and growth, the neighborhood of Fairlawn, with only a river and a narrow park separating it from downtown DC, has become quite attractive to house hunters.
Fairlawn Transit & Location
Fairlawn has no Metro Station, however, the Anacostia Metro Station on the Green line is located nearby in the Buena Vista neighborhood.
Fairlawn is bounded by M St SE to the north, Naylor Rd SE to the east, Good Hope Rd SE to the south, and Anacostia Fwy to the west.
Compass is a licensed real estate brokerage that abides by Equal Housing Opportunity laws. Information is compiled from sources deemed reliable but is not guaranteed. All measurements and square footages are approximate. This is not intended to solicit property already listed. Compass is licensed as Compass Real Estate in DC and as Compass in Virginia and Maryland. 1313 14th Street NW, Washington, DC 20005 | 202.386.6330