610 Eastern Avenue Ne
Washington,
DC
20019
Property Details
List Price: |
$900,000 |
Beds: |
-- |
Baths: |
-- |
Status: |
Active |
SqFt: |
-- |
Agency: |
Samson Properties |
Description/Comments
Lot Size: |
-- |
Property Type: |
Commercial |
Year Built: |
1952 |
Notes: |
Discover the potential at 610 Eastern Ave NE, where a well-situated 6-unit multifamily building awaits your investment savvy. Located on Eastern Ave, boasting access to all 6 Metro lines, this property offers unbeatable convenience. Featuring a well-balanced unit mix with 3 generous 2-bedroom units and 3 comfortable 1-bedroom units, this property is already equipped with washer/dryer and dishwasher in each unit, enhancing its appeal to tenants. 1 of the 6 units is vacant, with current gross income (under market) coming in at $6477/month. There's a golden opportunity to renovate and potentially increase gross annual rents by up to $125,000, especially by considering the conversion of 1-bedroom units into 2-bedroom layouts. Units are separately metered and cost is minimized with shared water services. Plus, benefit from the ongoing redevelopments in the neighborhood, positioning this property as a smart addition to your real estate portfolio. 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 COUNTRYâ€. 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. This is your chance to secure an investment with both immediate returns and promising long-term growth. |
MlsNumber: |
DCDC2116454 |
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Listing Provided By: |
Samson Properties, original listing |
Name: |
Samson Properties |
Phone: |
(703) 896-5869 |
Office Name: |
Samson Properties |
Office Phone: |
(571) 921-9755 |
Agent Name: |
Khaled Al hajbeh |
Disclaimer: |
Copyright © 2024 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |