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4242 6Th Street SE Washington, DC $ 799,000
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$ 799,000 Get more info
4242 6Th Street SE
$ 799,000
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Share Save

4242 6Th Street SE

Washington, DC, 20032
$ 799,000
Baths0.0 Sq 6,108

Monthly Estimate*

$ 5,581

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Studio Commercial Property for sale in Washington, DC for $799,000. This 6,108 square foot building was built in 1953 on a lot size of 0.14.

Well maintained asset 5 unit Multi Family property, Each unit feature 2bedrooms and 1bath. Full occupancy annual gross rent of $93,420 and about 25% operating expenses, should leave the new owner with an estimate $70,065 NOI, conveniently located within the rapidly growing Congress Heights neighborhood of Southeast DC, just 0.6 miles from the St. Elizabeth's East, one of the largest developments in the DC area. The property is also located near convenient access to Public Transportation. 4 units occupied and one unit vacant , currently generating $6228 from the occupied 4 units . Each unit is set up with 2 bedrooms and 1 bathroom. Private rear parking lot for tenants. Great investment opportunity with immediate cash flow. Contact the listing agent for more details.

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Commercial Active

Price

$ 799,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 3,764

Style

Apartment Building

Lot Size

0.14

Year Built

1953

Town/City

Washington

County/Region

WASHINGTON

MLS | Web ID

DCDC2137128
Features
Interior
Heating Fuel Electric
Hot Water Electric
Heating Y/N Y
Street Suffix STREET
Central Air Y/N Y
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General
Sewer Public Sewer
Heating Forced Air
Cooling Central A/C
Possession Settlement
Zoning R-3
Construction Materials Brick
Year Built 1953
Property SubType Five Or More Units
Tax Year 2022
Percent Ownership Fee Simple
Cool Fuel Electric
Gross Income 74736.00
Business Type Apartment Building
Accessibility None
County WASHINGTON
Net Operating Income 56988.00
New Construction N
Property Type Commercial Sale
Water Access Y/N N
Status ACTIVE
Directions Refer to Google Maps / GPS
City WASHINGTON
Buyer Agent Compensation 2
Disclosures Prop Disclosure
Total Units 5
Lot Size Square Feet 6108.00
Waterfront Y/N N
Street Name 6TH
Tax Annual Amount 3764.0
Price Per Sq Ft 250.86
Acceptable Financing Cash Conventional FHA
Vacation Rental Y/N N
Days on Market 15
Standard Status Active
Year Built Source Estimated
Legal Subdivision Congress Heights
Tax Lot 52
Total Actual Rent 74736.00
Cap Rate 7.10
Buyer Agent Compensation Type % Of Gross
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Exterior
Parking Features Private
Water Source Public
Type of Parking Parking Lot
Water View Y/N N
Building Area Total 3185.00
Lot Size Acres 0.14
Lot Size Units Square Feet
Lot Size Source Estimated
Soil Types Urban Land Not Rated
Land Assessed Value 277000.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 4242
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* Excluded Features
List By
Keller Williams Capital Properties

Broker

abel@coalitionpg.com

Email

Affordability Calculator

$5,895
Per Month
95%
5%
0%
Monthly Principal & Interest
$5,581
Monthly Property Taxes
$314
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
4/16/2024$799,000 Listed Price

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4242 6Th Street SE, Washington, DC, 20032 is a Commercial Property for sale at $799,000 with 6,108 sqft and a lot size of 0.14. 4242 6Th Street SE is a studio with 0.0 baths and was built in 1953. The property's zip code is 20032 which is in Washington, DC

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