1253 16Th StWashington, DC 20002

  • Investment properties
  • 1,184 SF
For Sale
$599,999 View listing

Property Details for 1253 16Th St

Year built
1952
Property size (Sq ft)
1,184 SF
Property type
Investment properties
Property subtype
Multifamily properties

Description

This exceptional investment opportunity presents a beautifully renovated two-unit multifamily building located at 1253 16th St NE, Washington, DC 20002. Built in 1952 and extensively renovated in 2019, this property boasts 1,184 square feet on a 1,200 square foot lot. Each unit offers one bedroom and one bathroom, complete with modern amenities. The units feature fresh paint, new flooring, new ovens/ranges, and tankless water heaters. Separate metered utilities ensure efficient cost management. Central air conditioning provides year-round comfort. A fully fenced backyard and one off-street parking space add to the property's appeal. The property is currently vacant, presenting immediate rental income potential. The roof underwent professional servicing in 2022. Situated in the trendy Trinidad neighborhood, this property enjoys proximity to a vibrant array of restaurants, bars, coffee shops, Union Market, and convenient public transportation options including the D3, D4, D8 buses, and the H Street trolley. Trinidad is known for its walkability, making this an ideal location for residents. This property is zoned R. The asking price is $599,999, representing a price per square foot of $506.76 and a price per unit of $299,999.50. A significant advantage is the availability of an assumable FHA loan with a 3.49% interest rate. Furthermore, the property's location within a low-moderate income census tract qualifies it for Truist's Community Homeownership Incentive Program (CHIP), potentially allowing buyers with a minimum 660 credit score to secure 100% financing without private mortgage insurance (PMI). This presents a compelling opportunity for savvy investors seeking a strong return on investment in a desirable Washington, D.C. neighborhood.

1253 16Th St, Washington, District of Columbia

Location Insight

City
Washington
County
District Of Columbia
State
DC
Latitude
38.9068
Longitude
-76.9801

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