1616 17Th PlWashington, DC 20020

Property Details for 1616 17Th Pl

Year built

1938

Property type

Residential income homes

Property subtype

Dormitories

Description

This exceptional four-unit multifamily property, situated in Washington, DC's desirable Fairlawn community (20020), presents a compelling investment opportunity. Built in 1938, this two-story building, encompassing 1616 17th Pl SE, sits on a lot with APN 5596-0029 and is zoned RA-2. Each of the four units offers two bedrooms and one bathroom, featuring similar floor plans with hardwood floors, a kitchen equipped with a dishwasher, refrigerator, and stove, and ample cabinet and counter space. A rear den provides additional living space, ideal for a home office or recreation area. Convenient in-unit washer and dryer hookups are included. Currently, all units are occupied, generating immediate cash flow. The property benefits from its proximity to major commuter routes, including Minnesota Ave SE, SR-295, and I-695, as well as convenient access to public transportation. Residents can enjoy nearby amenities such as the Anacostia River views, Anacostia Recreation Center, and a local park. The property's location also offers easy access to Joint Base Anacostia-Bolling, Washington Navy Yard, and Nationals Park. An assumable loan is available at a 2.75% interest rate with a current principal of $779,285 and a monthly PITI payment of $4,839.91. This presents a significant opportunity for cost savings. This property is priced at $816,000.

Location Insight

City

Washington

County

District Of Columbia

State

DC

Latitude

38.8701

Longitude

-76.9796

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