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2920 8TH ST NE Washington, DC 20017
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Key Details
Sold Price $950,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,152 sqft
Price per Sqft $301
Subdivision Brookland
MLS Listing ID DCDC2148800
Sold Date 07/31/24
Style Other
Abv Grd Liv Area 3,152
Originating Board BRIGHT
Year Built 1941
Annual Tax Amount $3,527
Tax Year 2024
Lot Size 3,864 Sqft
Acres 0.09
Property Description
NEW AND IMPROVED PRICE!!!What an exciting opportunity for investors in the vibrant Brookland community!
Condo Conversion Potential: With enough space to expand upwards and create parking, this property offers investors the possibility of a lucrative condo conversion project. This could add significant value to the property and attract buyers looking for individual units in the popular Brookland area.
Owner-Occupied Tenants: Having owner-occupied tenants living in one unit while renting out the other three provides stability and potential income streams for investors. This mixed-use of the property maximizes its earning potential while also ensuring some level of oversight and care for the units.
The property's location in the Brookland community offers residents access to a variety of amenities and attractions. From the 8th St. Arts Walk and Dance Place to popular spots like Brookland Pint and the Metropolitan Branch Trail, there's plenty to explore and enjoy nearby. Additionally, being close to Catholic University and Brookland Metro makes commuting and accessing educational institutions convenient.
Bike-Friendly Environment: The presence of bike-friendly streets in the area adds to the appeal for residents who prefer alternative modes of transportation. This aligns with the community's focus on sustainability and active living.
Overall, this property presents an excellent investment opportunity in a desirable and growing neighborhood. With its potential for condo conversion, mixed-use tenancy, and proximity to amenities and transportation, it's sure to attract investors looking to capitalize on the dynamic Brookland market.
Location
State DC
County Washington
Zoning R-01
Interior
Interior Features Floor Plan - Traditional
Hot Water Other
Heating Hot Water
Cooling None
Flooring Ceramic Tile, Hardwood, Laminated
Equipment Refrigerator, Stove
Fireplace N
Appliance Refrigerator, Stove
Heat Source Natural Gas
Exterior
Utilities Available Electric Available, Natural Gas Available
Waterfront N
Water Access N
Accessibility None
Parking Type On Street, Alley
Garage N
Building
Lot Description Corner, Rear Yard
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
Structure Type Plaster Walls,Dry Wall
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Tax ID 3643//0069
Ownership Fee Simple
SqFt Source Assessor
Security Features Smoke Detector,Carbon Monoxide Detector(s)
Acceptable Financing Cash, Bank Portfolio, Conventional, FHA 203(k)
Listing Terms Cash, Bank Portfolio, Conventional, FHA 203(k)
Financing Cash,Bank Portfolio,Conventional,FHA 203(k)
Special Listing Condition Standard
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Bought with Desiree A Hargett • Compass