3938 Benning Rd Ne, WASHINGTON
$1,300,000 - 3,000 Sf
MLS® # DCDC2134590
5920 Foote St Ne, WASHINGTON
$1,700,000
0 Bed
0 Bath
8,019 Sqft
.15 Acre
0 Parking
Don't miss out on a prime investment opportunity in the rapidly-growing Deanwood Neighborhood at 5920 Foote St NE! This strategically located 12-unit multifamily building, just off Eastern Ave with all 6 Metro lines nearby, offers a diverse unit mix with 5 spacious 2-bedroom and 7 comfortable 1-bedroom units. 75% vacancy allows for immediate renovation, and TOPA period has been initiated with the 3 current tenants indicating they will not exercise their TOPA rights. Consider converting 1-bedroom units to 2-bedroom to potentially increase gross annual rents by up to $250,000. Units are separately metered and share water.
The Deanwood Submarket is in one of the last underdeveloped Wards in DC and has attracted major attention from both the private and public sector. It’s on a seemingly endless array of “best of” real estate lists, with Redfin naming it one of “10 hottest neighborhoods in the COUNTRY”. Numerous multi-million development projects are underway in Ward 7, including the $75M Deanwood Town Center and the $115M+ Parkside redevelopment project in D.C., covering 26 acres and 3.1 million square feet. Act now and be part of the exciting revitalization in the area!
Essential Information
MLS® #DCDC2116394
Price$1,700,000
Bathrooms0.00
Square Footage8,019
Acres0.15
Year Built1952
TypeCommercial Sale
Sub-TypeFive Or More Units
StatusActive
Community Information
Address5920 Foote St Ne
CityWASHINGTON
CountyWASHINGTON-DC
StateDC
Zip Code20019
Interior
HeatingForced Air
CoolingOther, Window Unit(s)
Exterior
ExteriorBrick and Siding
District
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Additional Information
ZoningUNK
Condo Fees$0
HOA Fees$0
Listing Details
OfficeSamson Properties
Office Contact(571) 921-9755
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Listing information last updated on April 29th, 2024 at 2:03am EDT.
