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5920 Foote Street NE

WASHINGTON, DC 20019
  • $1,700,000
  • STATUS: Active
  • ON SITE: 130 Days
  • ID#: DCDC2116394
UPDATED: 41 min ago
$1,700,000
  • 0
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1952
County:

School Ratings & Info

Description

Don't miss out on a prime investment opportunity in the rapidly-growing Deanwood Neighborhood at 5920 Foote St NE! This strategically located 12-unit multifamily building, just off Eastern Ave with all 6 Metro lines nearby, offers a diverse unit mix with 5 spacious 2-bedroom and 7 comfortable 1-bedroom units. 75% vacancy allows for immediate renovation, and TOPA period has been initiated with the 3 current tenants indicating they will not exercise their TOPA rights. Consider converting 1-bedroom units to 2-bedroom to potentially increase gross annual rents by up to $250,000. Units are separately metered and share water.The Deanwood Submarket is in one of the last underdeveloped Wards in DC and has attracted major attention from both the private and public sector. It+GGs on a seemingly endless array of +G+best of+G- real estate lists, with Redfin naming it one of +G+10 hottest neighborhoods in the COUNTRY+G-. Numerous multi-million development projects are underway in Ward 7, including the $75M Deanwood Town Center and the $115M+ Parkside redevelopment project in D.C., covering 26 acres and 3.1 million square feet. Act now and be part of the exciting revitalization in the area!

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©2024 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 Redstone 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: 2024-02-27T16:55:43.087.
www.redstonerealty.us/homes/144533036
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5920 Foote Street NE WASHINGTON, DC 20019

  • Price: $1,700,000
  • Status: Active
  • On Site: 130 Days
  • Updated: 41 min ago
  • ID#: DCDC2116394
0
Beds
0
Baths
0
½ Baths
0.15
Acres
1952
Built
County:
Washington
School District:
District Of Columbia Public Schools
Property Description
Don't miss out on a prime investment opportunity in the rapidly-growing Deanwood Neighborhood at 5920 Foote St NE! This strategically located 12-unit multifamily building, just off Eastern Ave with all 6 Metro lines nearby, offers a diverse unit mix with 5 spacious 2-bedroom and 7 comfortable 1-bedroom units. 75% vacancy allows for immediate renovation, and TOPA period has been initiated with the 3 current tenants indicating they will not exercise their TOPA rights. Consider converting 1-bedroom units to 2-bedroom to potentially increase gross annual rents by up to $250,000. Units are separately metered and share water.The Deanwood Submarket is in one of the last underdeveloped Wards in DC and has attracted major attention from both the private and public sector. It+GGs on a seemingly endless array of +G+best of+G- real estate lists, with Redfin naming it one of +G+10 hottest neighborhoods in the COUNTRY+G-. Numerous multi-million development projects are underway in Ward 7, including the $75M Deanwood Town Center and the $115M+ Parkside redevelopment project in D.C., covering 26 acres and 3.1 million square feet. Act now and be part of the exciting revitalization in the area!
Exterior Features

Construction Materials Brick Garage YN No Parking Types None Riparian Rights YN No Soil Types Unknown Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 8019.00 Cooling OtherWindow Unit(s) Heating Forced Air Heating YN Yes Net Square Feet 8019.00

Property Features

Accessibility Features None Assessment Year 2022 Business Type Apartment Building Central Air YN No Cooling Fuel Electric Heating Fuel Other Hot Water Other Navigable Water YN N New Construction YN No Number Of Units Total 12 Operating Expense Includes TrashWaterInsuranceOther Original MLSNumber 802684098638 Owner Pays Taxes - Real EstateWaterSewer Ownership Interest Fee Simple Possession Negotiable0-30 Days CD120-180 Days31-60 Days CD61-90 Days CD90-120 Days CD Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 8742.00 Tax Assessment Amount 1047600.00 Tax Lot 40 Vacation Rental YN No Water Source Public Year Built Effective 2006 Zoning UNK

Listing courtesy of Samson Properties: .


©2024 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 Redstone 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: 2024-02-27T16:55:43.087.
 
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