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722-724 Hamlin Street NE

WASHINGTON, DC 20017
  • $2,000,000
  • STATUS: Active
  • ON SITE: 23 Days
  • ID#: DCDC2110454
UPDATED: 66 min ago
$2,000,000
  • 0
    BEDS
  • 0.07
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1937
County:

School Ratings & Info

Description

This building, situated in a prime location, boasts not just one or two units, but a total of seven separate units. With such a diverse range of spaces available, the potential for generating substantial rental income is immense. One of the standout features of this property is the exceptionally large lot it sits on. In an area where space is a premium, having such a generous lot size is a rarity. This opens up endless possibilities for future development, expansion, or even the addition of amenities to enhance the appeal of the property. The potential return on investment is strong and consistent.Location, as they say, is everything, and this property hits the mark perfectly. It is conveniently located just blocks away from Catholic University, a renowned institution that draws students, faculty, and visitors from all over. The proximity to such a prestigious educational institution ensures a steady flow of potential tenants, ensuring high occupancy rates and consistent rental income.Moreover, being in close proximity to Catholic University means that amenities such as shops, restaurants, and public transportation options are readily available. This makes it an ideal spot for individuals seeking a convenient and vibrant lifestyle, further increasing the property's attractiveness.Whether you are an experienced investor looking to diversify your portfolio or someone venturing into real estate for the first time, this building presents an outstanding opportunity. The combination of seven separate units, a large lot, and an enviable location ensures a winning venture for any savvy investor. There is a sister building that may also be available in the immediate vicinity.

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©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Marsh Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-10-02T09:53:17.397.
www.movebuymarsh.com/homes/143207823
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722-724 Hamlin Street NE WASHINGTON, DC 20017

  • Price: $2,000,000
  • Status: Active
  • On Site: 23 Days
  • Updated: 66 min ago
  • ID#: DCDC2110454
0
Beds
0
Baths
0
½ Baths
0.07
Acres
1937
Built
County:
Washington
School District:
District Of Columbia Public Schools
Property Description
This building, situated in a prime location, boasts not just one or two units, but a total of seven separate units. With such a diverse range of spaces available, the potential for generating substantial rental income is immense. One of the standout features of this property is the exceptionally large lot it sits on. In an area where space is a premium, having such a generous lot size is a rarity. This opens up endless possibilities for future development, expansion, or even the addition of amenities to enhance the appeal of the property. The potential return on investment is strong and consistent.Location, as they say, is everything, and this property hits the mark perfectly. It is conveniently located just blocks away from Catholic University, a renowned institution that draws students, faculty, and visitors from all over. The proximity to such a prestigious educational institution ensures a steady flow of potential tenants, ensuring high occupancy rates and consistent rental income.Moreover, being in close proximity to Catholic University means that amenities such as shops, restaurants, and public transportation options are readily available. This makes it an ideal spot for individuals seeking a convenient and vibrant lifestyle, further increasing the property's attractiveness.Whether you are an experienced investor looking to diversify your portfolio or someone venturing into real estate for the first time, this building presents an outstanding opportunity. The combination of seven separate units, a large lot, and an enviable location ensures a winning venture for any savvy investor. There is a sister building that may also be available in the immediate vicinity.
Exterior Features

Construction Materials Brick Garage YN No Parking Types Other Riparian Rights YN No Soil Types Chillum-Urban Land Complex Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 4768.00 Cooling None Flooring Hardwood Heating Hot Water Heating YN Yes Net Square Feet 3030.00

Property Features

Accessibility Features None Assessment Year 2022 Business Type Apartment Building Central Air YN No Cooling Fuel None Foundation Details Slab Heating Fuel Natural GasOil Hot Water Natural Gas Navigable Water YN N New Construction YN No Number Of Units Total 4 Original MLSNumber 802590297464 Ownership Interest Fee Simple Possession Settlement Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 2128.00 Tax Assessment Amount 977560.00 Tax Lot 11 & 12 Vacation Rental YN No Water Source Public Zoning Rf-1

Listing courtesy of Trust Realty Services, Llc: .


©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Marsh Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-10-02T09:53:17.397.
 
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