1314 Downing Pl Ne, WASHINGTON

$889,000

0 Bed
0 Bath
2,600 Sqft
.08 Acre
0 Parking

Opportunity Zone Property! Location! Location! Location!!! An unparalleled opportunity in one of Washington DC’s Opportunity Zones!
From the February 5, 2020 Washington Post article “Brentwood is part of Washington’s Opportunity Zones program, a federal program that provides tax incentives for investments in new businesses and commercial projects in low-income communities. The program has attracted developers to the neighborhood.”
Now there are apartment buildings and condominiums.
This multi-family, four-unit (One bed, One bath) property is located in a highly desirable neighborhood in the Brentwood section of town. Its proximity to public transportation adds to its appeal. Less than 15 min walk to the Rhode Island Metro Train Station. Near restaurants, retail, and parks.

The 4 units in this building are in good, rentable condition, making it a great investment opportunity. The unfinished basement spanning the entire building has a ceiling height of 8 feet. All units are rentable as-is. The spacious backyard offers parking possibilities from the wide alley.
Don't miss out on this incredible property.


If For owner -occupied then can live in one unit and rent out the other three. Market rent for this 1 BD 1 BA between approx $1600-$1900 with a potential of higher.


Comparable info: Same block, two similar buildings have been converted to condominiums. Very Beautiful
Currently, property has two units vacant and two occupied.
Building can be conveyed vacant or with tenants.
Showings By appointment only. Call Listing Agent.
Preferred : Standard Title (Kevin Anderson esq.)

Essential Information
MLS® #DCDC2125332
Price$889,000
Bathrooms0.00
Square Footage2,600
Acres0.08
Year Built1943
TypeMulti-Family
Sub-TypeQuad, Interior Row/Townhouse
StyleOther
StatusActive
Community Information
Address1314 Downing Pl Ne
CityWASHINGTON
CountyWASHINGTON-DC
StateDC
Zip Code20018
Utilities

Water Available, Sewer Available, Electric Available, Propane - Community

Interior
HeatingHot Water
CoolingNone
Exterior
ExteriorBrick and Siding
FoundationBrick/Mortar, Slab
District

DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Additional Information
ZoningR-2
Condo Fees$0
HOA Fees$0
Listing Details
OfficeBrian Logan Real Estate
Property History
Price Reduced from $980,000 to $889,000
Status Changed from Coming Soon to Active
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Listing information last updated on May 26th, 2024 at 1:03am EDT.