Property
Washington, DC 20011 224 Upshur Street NW
$849,900
32 more
Presented By: Engel & Volkers Washington, DC
Beds • 3
Garage • 2
Home Details
Fantastic 3-unit investment opportunity. Fully updated and leased, but with flexibility for an owner-occupant or "house hack" investor with a low down payment FHA loan. One unit will free up this summer.
Recently renovated, these 1BR/1BA & 1BR/1.5BA units each have their own floor and outdoor space, plus there is a 2-car garage and yard. The location on Upshur Street in Petworth is closet to Green/Yellow Line Metro, bus lines and driving access to North Capitol and just steps from local bars and restaurants like Slash Run, Hitching Post and Timber Pizza. Current NOI is $49K which puts it at a 5.75% CAP rate at list price. Perfect location with Petworth's best amenities within walking distance including green/yellow line metro, Slash Run, Timber Pizza, Cinder BBQ and the Petworth Farmer's Market, Street parking is easy and income from the 2-car garage can be further optimized. Showings will be accompanied and are available for those with significant interest and advance notice.
Presented By: Engel & Volkers Washington, DC
Interior Features for 224 Upshur Street NW
Bedrooms
Three Bedroom Units Count
Other Interior Features
LivingAreaSourceEstimated
Central Air Y/NNo
Fireplace Y/NNo
Furnished UnitsNone
Heating FuelElectric
Heating Y/NYes
Hot WaterElectric
General for 224 Upshur Street NW
AccessibilityOther
Architectural StyleFederal
Cap Rate5.75
CityWASHINGTON
Construction MaterialsBrick
Cool FuelElectric
CoolingNone
CountyWASHINGTON
Days on Market100
DirectionsFrom Georgia Ave in Petworth travel east on Upshur St to 224.
Garage Spaces2.00
Garage Y/NYes
Gross Income62340.00
HeatingHeat Pump(s)
Historic Y/NNo
Insurance Expense2219.00
Lease TypeMonth to Month, Yearly
Legal SubdivisionPetworth
Lot Size Square Feet1800.00
Lot Size UnitsSquare Feet
MaintenanceExpense2000.00
ModificationTimestamp2024-08-14T04:39:07
Net Operating Income48849.00
New ConstructionNo
Number of Units Leased3
NumberOfUnitsTotal3
NumberOfUnitsVacant
One Bedroom Units Count3
Operating Expense11491.00
Other StructuresAbove Grade, Below Grade
OwnerPaysInsurance, Repairs, Sewer, Taxes - Real Estate, Water, Gas, Heat
Percent OwnershipFee Simple
Possession31-60 Days CD
Price Per Sq Ft Total AG536.55
Property SubTypeTriplex
Property TypeMulti-Family
Rent Control Y/NNo
School DistrictDISTRICT OF COLUMBIA PUBLIC SCHOOLS
SewerPublic Sewer
Single Room Units Count0
Standard StatusActive Under Contract
StatusACTIVE UNDER CONTRACT
Structure TypeInterior Row/Townhouse
Tax Annual Amount6433.0
Tax Assessed Value756870.0
Tax Lot75
Tax Year2023
Total Actual Rent61740.00
Total SQFT2224
Two Bedroom0
Vacation Rental Y/NNo
Water Access Y/NNo
Waterfront Y/NNo
Year Built1921
Year Built SourceAssessor
ZoningMU-3A
Exterior for 224 Upshur Street NW
# of Detached Garage Spaces2
Foundation DetailsBrick/Mortar
Garage FeaturesOther
Land Assessed Value455990.00
Land Use Code
Lot Size Acres0.04
Lot Size SourceAssessor
Navigable Water Y/NNo
PoolNo Pool
Soil TypesUrban Land-Sassafras-Chillum
Total Parking Spaces2
Type of ParkingDetached Garage
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Additional Details
Price History
Schools
Elementary School
N/A
High School
N/A
Middle School
Raymond Education Campus Middle School
YOLANDA CASSIDY-BOGAN
Associate