2303 S ST SE Open House Save Request In-Person Tour Request Virtual Tour
Washington,DC 20020
OPEN HOUSE
Sat Sep 06, 12:00pm - 1:00pm
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 5,437 sqft
Price per Sqft $114
Subdivision Marshall Heights
MLS Listing ID DCDC2196686
Style Traditional
Abv Grd Liv Area 2,592
Year Built 1956
Available Date 2025-05-17
Annual Tax Amount $5,198
Tax Year 2024
Lot Size 5,437 Sqft
Acres 0.12
Property Sub-Type Detached
Source BRIGHT
Property Description
***PRICE REDUCTION***EXCELLENT OPPORTUNITY FOR INVESTOR OR FIRST TIME HOMEBUYER***Welcome to 2303 S Street SE a FOUR unit apartment building located in the subdivision of Randal Heights, Washington DC. At current, each unit offers 1 bedroom/1 bath. Lot size: 5,437 s/f; Zoning R-3; Total building s/f of 2,592. Off-street parking for 2+ vehicles. Two units are “turnkey” with updated flooring, freshly painted and stainless-steel appliances. Exterior in need of some repairs. Excellent investment property. BUILDING IS FULLY DETACHED. EASY CONVERSION TO 2-BEDROOM UNITS WITHOUT ADDING TO FOOTPRINT. Potential fair market rent per unit is $1,500 per month. Expenses: Property Taxes $5,200; Maintenance Fees $6,000; Management Fees: $6,000; Property Insurance: $4,800; Reserves: $8,000; NOI: $42,000; Cap Rate: 7%. BUILDING IS VACANT.
Location
State DC
County Washington
Zoning R3
Interior
Hot Water Natural Gas
Heating Radiator
Cooling None
Fireplace N
Heat Source Natural Gas
Exterior
Garage Spaces 2.0
Water Access N
Accessibility None
Total Parking Spaces 2
Garage N
Building
Foundation Block
Sewer Private Sewer,Public Septic
Water Public
Architectural Style Traditional
Additional Building Above Grade,Below Grade
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Tax ID 5627//0809
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard