DC > Washington
Washington, DC 20003,747 10TH ST SE
Washington, DC 20003,747 10TH ST SE
Washington, DC 20003,747 10TH ST SE
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Simone Velvel

Simone Velvel

+1(703) 507-7614
$2,430,000
Est. payment /mo
8,040 SqFt
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UPDATED:

11/28/2024 11:48 AM

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Pending

Purchase Type For Sale

Square Footage 8,040 sqft

Price per Sqft $302

MLS Listing ID DCDC2159648

Originating Board BRIGHT

Year Built 1912

Annual Tax Amount $17,234

Tax Year 2024

Lot Size 3,010 Sqft

Acres 0.07

Property Description

747 10th Street SE is a 9-unit multifamily asset in the Capitol Hill neighborhood of Washington, DC. The Property is a short walk from Eastern Market (0.5 miles away), Barracks Row (0.2 miles away) and Navy Yard (0.7 miles away), offering a wide array of shopping, dining, grocers, public parks, and entertainment options. The asset is also metrocentric, with the Eastern Market Metro Station located just a 6-minute walk away.

The Property consists of approximately 8,040 gross square feet within a four-story brick building with nine (9) units consisting of three (3) one-bedroom units in the lower level, two (2) two-bedroom units, and four (4) two-bedroom plus den units on the top three floors. The Property’s existing high level of physical vacancy (7 units or 77.7%) presents investors with the opportunity to add value immediately and capitalize on the broad range of renters that seek out Capitol Hill for housing including Capitol Hill
staffers, lobbyists, trade associations, universities, student/interns, just to name a few.

The rear yard can be accessed via a public alleyway, which creates the opportunity to accommodate 3-4 off-street parking spaces at the Property. Also, the asset features a multilevel covered deck off the rear which provides amenity space for building residents.

When fully occupied, the asset can generate $18,000+ in monthly rental income.

Location

State DC

County Washington

Zoning RF-1

Interior

Hot Water 60+ Gallon Tank

Heating Radiator

Cooling Window Unit(s)

Heat Source Natural Gas

Exterior

Garage Spaces 3.0

Water Access N

Accessibility None

Total Parking Spaces 3

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District District Of Columbia Public Schools

Others

Tax ID 0950//0053

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Christian Barreiro • Horvath & Tremblay MD, LLC
agent-avatar

"Simone's passion for real estate and her love for "The DMV" are a perfect match. She has made it her mission to help local residents sell their homes quickly and at the best possible prices. Equally, she takes immense pride in assisting homebuyers in finding their perfect piece of paradise in DC, Maryland and Virginia. "

+1(703) 507-7614

simone@thevelvelgroup.com

11003 Glueck Lane, Kensington, Maryland, 20895, USA

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