Homes for sale - 2016 1ST ST NW, Washington, DC 20001

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William Mercogliano III

themercteam@gmail.com +1(856) 472-9836

$1,200,000

Est. payment - /mo

2,859 SqFt

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UPDATED:

10/22/2024 01:05 PM

Key Details

Property Type Multi-Family, Townhouse

Sub Type Interior Row/Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 2,859 sqft

Price per Sqft $419

Subdivision Bloomingdale

MLS Listing ID DCDC2152484

Style Dwelling with Rental,Unit/Flat

Abv Grd Liv Area 2,859

Originating Board BRIGHT

Year Built 1908

Annual Tax Amount $8,069

Tax Year 2023

Lot Size 1,800 Sqft

Acres 0.04

Property Description

2016 1st Street NW, DC 20001, in the Le Droit Park subdivision is a newly renovated building
situated on a .04-acre lot, amassing three levels.

Zoned RF-1, this historically zoned building includes 2,859 square feet of rentable space with three separately metered three units, comprised of a one-bedroom unit, a one-bedroom unit with a den and a two bedroom unit. Each of the units have energy efficient HVAC systems, new high efficiency washer and dryers, waterless tank water heaters, new luxury laminate flooring, stainless steel appliances, and granite counter tops, The building has also received a complete renovation in 2023 with a new roof, new electrical wiring, and new plumbing. The units all have front and rear alley access including patio deck spaces on the second and third floors. There are two parking spaces with access from the alley in the rear of the building.

2016 1st Street NW is being sold vacant and TOPA free. An investor can achieve a stabilized NOI of approximately $84,081 upon stabilization. This building offers a unique opportunity for a homeowner that wants to reside in one unit and lease out the two remaining units or an investor seeking cash-flow in this low-vacancy submarket.

2016 1st Street NW is located six blocks from the Shaw metro station, and it is centrally located between Howard University, two hospitals and walking distance to the central business district. LeDroit Park if one of Washington DC’s most affluent neighborhoods. The average median household income is $131,694 as of 2024, which is 175% of the national average. In addition, 41% of habitants hold a Master’s Degree or higher certification and 59% of the residents are between the ages of 25 and 44.

Known for its Victorian Architecture, LeDroit Park has a profound history tied to Howard University, which borders the neighborhood. LeDroit Park has a consistent
tenant base and is one of the highest demand rental markets in the city.

Location

State DC

County Washington

Zoning RF-1

Interior

Interior Features Additional Stairway, Ceiling Fan(s), Dining Area, Flat, Pantry, Wood Floors

Hot Water Tankless

Heating Hot Water

Cooling Central A/C

Equipment Built-In Range, Dishwasher, Disposal, Dryer, Energy Efficient Appliances, Microwave, Oven - Single, Stainless Steel Appliances, Washer, Water Heater - Tankless

Fireplace N

Window Features Vinyl Clad

Appliance Built-In Range, Dishwasher, Disposal, Dryer, Energy Efficient Appliances, Microwave, Oven - Single, Stainless Steel Appliances, Washer, Water Heater - Tankless

Heat Source Electric

Exterior

Exterior Feature Balconies- Multiple, Brick, Deck(s), Patio(s)

Garage Spaces 2.0

Waterfront N

Water Access N

View City

Accessibility 2+ Access Exits

Porch Balconies- Multiple, Brick, Deck(s), Patio(s)

Total Parking Spaces 2

Garage N

Building

Foundation Other

Sewer Public Sewer

Water Public

Architectural Style Dwelling with Rental, Unit/Flat

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District District Of Columbia Public Schools

Others

Tax ID 3116//0011

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing FHA, Conventional, Cash, VA

Listing Terms FHA, Conventional, Cash, VA

Financing FHA,Conventional,Cash,VA

Special Listing Condition Standard

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Listed by Brian C Hosey • Marcus & Millichap Real Estate

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William Mercogliano III

+1(856) 472-9836

Broker Associate | License ID: 0893537

Broker Associate License ID: 0893537

2016 1ST ST NW Washington, DC 20001

William Mercogliano III

William Mercogliano III

Key Details

Location

Interior

Exterior

Building

Schools

Others

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