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1600 E E Street NE, Washington, DC 20002
$1,397,399
1600 E E Street NE, Washington, DC 20002View this property at 1600 E E Street NE, Washington, DC 20002
1600 E E Street NEWashingtonDC20002
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Property Description
Four-unit Property in the well sought-after Kingman Park neighborhood on Capitol Hill in NE Washington, D.C. New ownership will reap the benefits of future developments planned for the area. This property boasts spacious floor plans and a favorable unit mix of two three-bedroom units and two two-bedroom units. TURNKEY ASSET: The Property has undergone recent renovations that will reduce future repairs and maintenance costs as well as limit the need for additional capital improvements by the purchaser. The scope of renovation includes significant interior and systems upgrades; and roof replacement in 2021. SELF-CONTAINED UNITS: Each unit is individually-metered for electricity and has individual heating and cooling systems (HVAC). Separately metered utilities greatly limit ownership's expense exposure, as the cost is solely on the tenant (except for water/sewage). NEARBY NEW DEVELOPMENTS: 1600 E Street NE is encircled by three of D.C.'s most notable neighborhood revitalization (Benning Road, RFK Stadium, and the H Street Corridor) and nearby to the long-planned Hechinger Mall redevelopment. With billions of dollars flowing into the neighborhood, the Property is poised for significant future growth as the local infrastructure continues to deliver. GET PAID TO BUILD EQUITY: With as little as 5% down on a $1,700,000 loan amortized over 30 years at a 5% interest rate, ownership can expect a monthly payment of approximately $9,536, taxes included. With in-place rents averaging $3,365 per unit, new ownership can live in one of the units while still generating $1,000 of income per month. A fantastic opportunity for anyone looking to live rent free with the benefit of additional income after mortgage payments.
Full Property Details
Full Property Details for 1600 E E Street NE
General
- Sold For: $1,397,399
- Taxes: $9,476 (2021)
- Status: Closed
- Type: Multi-Family
- MLS ID: DCDC2090978
- Added to Site: 431 day(s) ago
Parking
- Parking Type: On Street
Location
- County: Washington
- Development Name: Old City #1
- Subdivision: Old City #1
- Driving Directions: NE Corner of 16th Street NE & E Street NE
- City Limits: Yes
School Information
- School District: District Of Columbia Public Schools
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric
- Heating Type: Baseboard - Electric
- Heating Fuel: Electric
- Water Heater: Natural Gas
Utilities
- Sewer: Public Septic, Public Sewer
- Water: Public
- Utility Description: Cable TV Available, Electric Available, Natural Gas Available, Sewer Available, Water Available
Structural Information
- Architectural Info: Traditional
- Architectural Style: Traditional
- Structure Type: End of Row/Townhouse
- Construction: Brick
- Foundation: Brick/Mortar
- Roof: Pitched
- Stories/Levels: 0
- Square Feet: 3,810
- Sq. Ft. Source: Assessor
- Living Area: 3,810 Sq. Ft.
- Year Built: 1936
- Year Built Source: Assessor
Unit Information
- 2 Bedroom Units: 2
- 3 Bedroom Units: 2
Lot Features
- Lot Size (Acres): 0.07
- Lot Size (Sq. Ft.): 2,951
- Lot Size Source: Assessor
- Zoning: RF-1
Financial Considerations
- Price Per Sq. Ft.: $367.45
- Assessment Year: 2021
- City/TownTax: $9,476
- City/TownTax Freq: Annually
- County Tax Freq: Annually
- Tax w/Assessment: $1,232,260
- Tax Amount: $9,476
- Tax Year: 2021
- Terms: Standard Sale
- Tax Total Finished Sq. Ft.: 3810
Disclosures and Reports
- Buyer’s Brokerage Compensation: 1.25%
- Ownership: Fee Simple
- Lot Number: 131
Listed by Greysteel Company LLC, Ari Firoozabadi
Sold by Samson Properties, Hulunem D Woldgebreal
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Schools
Schools serving 1600 E E Street NE
School District:District Of Columbia Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
601 15th St Ne, Washington, DC 20002 | PK-5 | 0.1 mi | |
1840 Constitution Ave Ne, Washington, DC 20002 | 6-8 | 0.3 mi | |
1700 E Capitol St Ne, Washington, DC 20003 | 9-12 | 0.4 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1600 E E Street NE
Date
Details
Price
Change
Source
6/15/2023
Sold
$1,397,399
-0.19%
MLS
4/05/2023
Listed
$1,400,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1600 E E Street NE, Washington, DC 20002 (MLS# DCDC2090978) is a Multi-Family property that was sold at $1,397,399 on June 15, 2023. Want to learn more about 1600 E E Street NE? Do you have questions about finding other Multi-Family real estate for sale in Washington? You can browse all Washington real estate or contact a Coldwell Banker agent to request more information.