1311 R ST NW Active Save Request In-Person Tour Request Virtual Tour
Washington,DC 20009
Key Details
Property Type Townhouse
Sub Type Interior Row/Townhouse
Listing Status Active
Purchase Type For Sale
Subdivision Logan Circle
MLS Listing ID DCDC2190918
Style Contemporary
Bedrooms 6
Full Baths 6
Half Baths 2
Year Built 2018
Annual Tax Amount $6,660
Tax Year 2022
Lot Size 1,811 Sqft
Property Sub-Type Interior Row/Townhouse
Property Description
A rare investment opportunity in the heart of one of the most sought-after neighborhoods in all of Washington, DC. Located on a gorgeous tree-lined street just steps to bustling 14th Street and U Street corridors, this offering comprises of two newly built attached properties that were developed as luxury condos in 20018. The current owner has operated both buildings as corporate and/or short term rentals. The buildings collectively are earning an Annual NOI (Net Operating Income) of $583,000. The Cap Rate is just over 12%. This assemblage is an ideal turn-key investment opportunity for a first-time or seasoned investor, and/or Landlord Occupant.
Location
State DC
County Washington
Zoning RESIDENTIAL
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Exterior
Garage Spaces 2.0
Water Access N
View City
Building
Story 4
Foundation Block,Slab
Sewer Public Sewer
Water Public
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Special Listing Condition Standard