Homes for sale - 1428 A ST SE, Washington, DC 20003

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$975,000

Est. payment - /mo

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2,636 SqFt

Pending

1428 A ST SE Washington, DC 20003

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VR Group

vrgrouprealestate@vrgre.com +1(443) 968-2671

UPDATED:

10/08/2024 02:26 PM

Key Details

Property Type Multi-Family, Townhouse

Sub Type Interior Row/Townhouse

Listing Status Pending

Purchase Type For Sale

Square Footage 2,636 sqft

Price per Sqft $369

MLS Listing ID DCDC2160054

Style Unit/Flat

Abv Grd Liv Area 2,636

Originating Board BRIGHT

Year Built 1931

Annual Tax Amount $7,986

Tax Year 2024

Lot Size 2,870 Sqft

Acres 0.07

Property Description

1428 A Street SE is a 75% vacant 4-unit multifamily building located in the Hill East neighborhood of Washington, DC. The ASSET The Property has a unit mix consisting of four (4) one-bedroom, one bath units. While currently configured as one-bedrooms, a new owner could look to reconfigure units into two-bedroom units, with similarly-sized nearby comparable units achieving $2,700 - $3,000 per month in rent. Also, the building sits on a lot that is 2,870 SF and is zoned RF-1, which presents the opportunity for a developer to expand the exiting building's square footage by-right, unlocking unused allowable density through the addition of a third level (and lower level). THE LOCATION 1428 A Street SE is less than a 15-minute walk from three Metro Stations – Stadium-Armory (0.4 miles), Potomac Avenue (0.6 miles) and Eastern Market (0.8 miles). The Property is also just 2 blocks from Lincoln Park and is a 20-minute walk to high-end retailers, grocers, dining, and entertainment options around Eastern Market and Barracks Row, and 1.6 miles to Navy Yard. The Property is a short walk from the 190-acre RFK Stadium Campus, which is poised for future redevelopment. POTENTIAL RENT CONTROL EXEMPTION Individual owners of four or less rental units in the District of Columbia may file a rent control claim of exemption form pursuant to the Small Landlord (2.05 (a) (3) section of the Rent Stabilization Program of the Rental Housing Act, thereby exempting the building’s units from DC’s rent control regulations. The Property is being sold simultaneously with 1430 A Street SE (MLS# DCDC2159694), which is adjoining to 1428 A Street SE. 1430 A Street SE is also a 4-unit multifamily and is 100% vacant. The assets can be sold together or separately.

Location

State DC

County Washington

Zoning RF-1

Interior

Hot Water Multi-tank

Heating Baseboard - Electric

Cooling Window Unit(s)

Fireplace N

Heat Source Electric

Exterior

Waterfront N

Water Access N

Accessibility None

Parking Type Other

Garage N

Building

Foundation Other

Sewer Public Sewer

Water Public

Architectural Style Unit/Flat

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District District Of Columbia Public Schools

Others

Tax ID 1058//0077

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

Listed by Christian Barreiro • Horvath & Tremblay MD, LLC

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(443) 968-2671

vrgrouprealestate@vrgre.com

4138 Old Town Rd, Huntingtown, MD, 20639, USA

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