1314 Downing Place NEWashington, DC 20018

DC Opportunity Zone Property! Location!!! 4 Units : Two units are 2BD 1 BA and Two units are 1BD 1 BA.
If looking for owner-occupied or first time Home-buyer , then live in one unit and rent out the others. Explore Air BnB options if relevant. New full size Appliances, Water heaters all under 3 years old. Mini-splits for AC and heat in two apts less than 1 year old the other two apartments have central AC also relatively new. Building is powered by electric, separately metered, and tenants pay their own. All apartments repaired, painted, and updated in the last 3 years including new modern laminate flooring. Basement : Large unfinished basement space. Common Laundry in the basement. Owner pays water bill.
Market rent for 2 BD 1 BA is approx $2200 WITH POTENTIAL FOR HIGHER (some say even as high as $2,900.00 per month but please do your due research ) and for 1 BD 1 BA is approx $1600-$1900 with a potential of higher. Laundry in the Building basement . There can be ways a New owner could add value to the building. Large Basement is unfinished.
Basement has a 8 Ft plus height clearance . Rentable As-Is too. Building sold As-Is.
In the Same block, two similar buildings have been converted to condominiums.
This multi-family building is located in a highly desirable NE neighborhood, the Brentwood section of town. Its proximity to public transportation adds to its appeal. Less than 15 min walk to the Rhode Island Metro Train Station. Near restaurants, retail, and parks.
Alternate financing can be a possibility.

Currently this property has two units vacant and two occupied. Showing the vacant units.
Showings By appointment only. Please Call Listing Agent .