Active
747 10th St SE
Washington DC, 20003
$2,430,000
$302.24 per sqft
Active
8,040 sqft
Commercial
Built in 1912
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.
DCDC2159648
MLSⓇ ID
September 17, 2024
Listed
November 22, 2024
Updated
Map
747 10th St SE
Washington DC, 20003
Interior Features
Fireplace
No
Cooling
Yes
Cooling Description
Window Unit(s)
Heating
Yes
Heating Description
Natural Gas
Exterior/Building Features
Lot Size
0.07 Acres
Sewer
Public Sewer
Other Property Details
Taxes
$17,234
Tax Frequency
Annually
Days on Market
3
Garage
No
Parking Total
3
View
No
County
WASHINGTON
Water Source
Public
Pool
No
Listed by Horvath & Tremblay MD, LLC
Listing Contact: 2025343003
The IDX display contains information sourced from the Bright MLS, Inc. as of 11/22/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.
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Data last updated on 11/22/2024 at 3:49 AM UTC