Beds6
Baths2Full21/2
Sq.Ft.1,700
Year1935
DC Condo Boutique Team
(202) 450-9324
Status:
Active
Property Type:Interior Row/Townhouse
MLS #:DCDC2099280
Sq. Feet:1,700
On Site:176 Days
Lot Size:0.05 Acres
2.75% ASSUMABLE VA MORTGAGE!!
1638 16th Street SE is a completely, gut renovated, turn-key two-unit property directly across the street from Anacostia high school.
Live in one unit and have the tenant pay the majority of your mortgage, or rent out both units and cash flow $1,000/month!
Renovated in 2020, the building consists of two apartment units. Both units are three bedrooms, and each unit has one full and one half bathroom. Each unit has a gourmet kitchen with stainless steel appliances, granite countertops, and gas stoves. Luxury vinyl plank flooring and washer and dryer units in each unit make this a highly desirable and maintainable rental.
The building can gross up to $52,992 with each unit renting for $2,208/month with utilities included for Section 8 Voucher tenants. Potential to add two parking spaces in the rear with a new gate and other value add options are possible.
RA-2 zoning allows for additional development in the future. Current FAR is 0.85, zoning permits up to 1.8 by right, which would translate to over 1800 additional square feet that could be added.
Anacostia has been one of the area's zip codes with the best appreciation over the past five years with the median home price in Anacostia, increasing 32.2% compared to 2018.
With the development of Phase II of The Wharf, St. Elizabeth's and other private and public developments, we expect to continue to see significant appreciation and value in Southeast DC.
1638 16th Street SE is a completely, gut renovated, turn-key two-unit property directly across the street from Anacostia high school.
Live in one unit and have the tenant pay the majority of your mortgage, or rent out both units and cash flow $1,000/month!
Renovated in 2020, the building consists of two apartment units. Both units are three bedrooms, and each unit has one full and one half bathroom. Each unit has a gourmet kitchen with stainless steel appliances, granite countertops, and gas stoves. Luxury vinyl plank flooring and washer and dryer units in each unit make this a highly desirable and maintainable rental.
The building can gross up to $52,992 with each unit renting for $2,208/month with utilities included for Section 8 Voucher tenants. Potential to add two parking spaces in the rear with a new gate and other value add options are possible.
RA-2 zoning allows for additional development in the future. Current FAR is 0.85, zoning permits up to 1.8 by right, which would translate to over 1800 additional square feet that could be added.
Anacostia has been one of the area's zip codes with the best appreciation over the past five years with the median home price in Anacostia, increasing 32.2% compared to 2018.
With the development of Phase II of The Wharf, St. Elizabeth's and other private and public developments, we expect to continue to see significant appreciation and value in Southeast DC.
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Community Information
Address:1638 16th St SE, Washington, DC 20020
City:Washington
Subdivision:Anacostia
Zip Code:20020
Architecture
Bedrooms:
6
Bathrooms:
2 Full / 2 Half
Year Built:1935
Stories:2
Style:Art Deco
Construction: Brick
Features / Amenities
Main Level Bedrooms: 3
Sub Structure Types: Above Grade, Below Grade
Cooling: Central A/C
Cooling Fuel: Electric
Heating: Forced Air
Heating Fuel: Natural Gas
Hot Water: Natural Gas
Square Footage
| Finished Sq. Ft. | |
| Above Grade | 1700 |
| Below Grade | 0 |
| Total | 1700 |
Property Features
Lot Size:
0.05 Acres
Soil Types: Urban Land-Galestown-Rumford
Sewer: Public Sewer
Water: Public
Zoning:RA-2
Directions:16th & R St, SE.
Tax and Financial Info
Total Taxes: $4,806 (paid Annually)
Tax Year: 2022
Ownership Type: Fee Simple
Homeowners' Assoc.: No
City Tax Rate: $4,806.00 (Annually)
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1638 16th St SE Washington, DC 20020
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Listing Information Last Updated 12/1/2023
Listing provided courtesy of Keller Williams Capital Properties.
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The Broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information deemed reliable but is not guaranteed.
