1018 16Th St Ne, Washington, DC 20002

Description

MAKE AN OFFER. Owner is downsizing and willing to negotiate a strong offer with proof of funds. This well-maintained, value-added four-unit building is nestled withing the redeveloped and thriving Trinidad neighborhood. Two units are vacant; two are occupied with well-paying, month-to-month tenants who have expressed no interest to purchase. Est. rent potential: $105,600.00 annually (Based on DC Fair Market Rental Rates) The building features enclosed porches, front and rear entrances and a large back lot with access to a wide alley. Priced for quick sale, this building is a great opportunity for a first-time investor to buy and hold, or for a developer seeking to increase the FAR by adding new additions and amenities. Trinidad is a vibrant and historic Northeast Washington, D.C. neighborhood where rich heritage meets modern city living. The neighborhood features classic 20th-century brick rowhouses, lovely Victorians, and multifamily buildings on quiet, tree-lined streets just blocks away from the bustling H Street corridor for nightlife, the arts and world-class dining. It is also easily accessible via the Capital Bikeshare network, and close to the NoMa-Gallaudet U Metro Station. In addition, the property is minutes away from Union Market, the Joseph H. Cole Recreation Center, Langston Golf Course and Kingman Island.