1332 Adams St Ne, Washington, DC 20018

$875,000
2,720
SqFt

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List Price
$875,000
Status
ACTIVE UNDER CONTRACT
Days on Market
23
MLS#
DCDC2284554
Subtype
Multi-Family
Style
A-Frame
Year Built
1942
Living Area
2,720
Lot Size
3,060
Acres
0.07

Property Description

**1332 ADAMS ST NE: 3 TURNKEY VACANT UNITS + 1 OCCUPIED MONTH-TO-MONTH UNIT.** Solid brick 4-unit building presenting an optimal structure for an owner-occupant house-hack or portfolio investor. Three (3) of the four units are completely vacant, fully updated, and move-in ready, offering immediate flexibility to occupy or lease at current market rates. One (1) unit is currently occupied by an inherited, long-term month-to-month tenant. **INTERIOR CONDITION & FINISHES:** The vacant units feature extensive recent updates, including low-maintenance light luxury vinyl plank flooring, fresh neutral paint, recessed lighting, and individual wall-mounted ductless mini-split HVAC systems for efficient, zoned climate control for unit #1 only. Updated bathrooms display tile shower surrounds, glass-enclosed tub/shower combinations, modern vanities, and updated fixtures. Units also include dedicated in-unit stackable laundry appliances. An owner-occupant can select their choice of the three vacant units to live in on Day 1 while utilizing existing and incoming rental revenue to directly subsidize monthly mortgage carrying costs. For investors, 75% vacancy eliminates inherited lease constraints, allowing for immediate tenant placement at current market rents or local voucher benchmarks. Exterior features include a classic brick facade, lighted stone entrance steps, and a fenced rear yard with walkway access.

Additional Information

Taxes
$6,393
Property Description
A-Frame
Zoning
R-3
Heating
Hot Water
Air Conditioning
None
Foundation
Slab
School District
District Of Columbia Public Schools

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Listing courtesy of Real Broker, LLC. Contact: