$70,000
●
Land -
Off Market
1600 U STREET SE
WASHINGTON, DC 20020
Studio
0 Bath
$80,223
RealtyHop Estimate
35.97%
Since Mar 1, 2019
DC-Washington
Primary Model
About This Property
Lot for sale in heart of Anacostia on a residential street. Estate
is also selling 1626 Good Hope Rd and interested in selling both at
same time. See MLS# DCDC398724.
Unit Size
-
Days on Market
-
Land Size
0.05 acres
Price per sqft
-
Property Type
Land
Property Taxes
$38
HOA Dues
-
Year Built
-
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 10 months ago (Bright MLS #DCDC398794)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 21, 2024 | Sold | ||
| Sold | |||
| Oct 8, 2024 | In contract | - | |
| In contract | |||
| Oct 2, 2024 | Listed by Compass | $95,000 | |
| Listed by Compass | |||
| | |||
|
Great Investment Opportunity in a Rapidly Growing Area
This property presents a fantastic investment opportunity for mixed-use development in a prime location within a rapidly growing and developing area. The generous lot size is ideal for constructing a business, residential units, or a combination of both. The lot is fully permitted, including provisions for tree removal and air spading for the neighboring heritage tree, which was paid for by the seller. All permits and details are provided in the attached documents.
Don't miss this chance to acquire the lot at half the price, with existing permits for a 3/3 configuration. It is ready for immediate development.
| |||
| Feb 25, 2019 | Sold | ||
| Sold | |||
| Feb 13, 2019 | Listed by Corcoran McEnearney | $59,000 | |
| Listed by Corcoran McEnearney | |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
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Beds
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Sold On
Sold On
HOA + Taxes
About Southeast Washington
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Listed by: Kimberly C Peele
Corcoran McEnearney
Last Updated: 4 hours ago
Data Source: Bright MLS , MLS# DCDC398794
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Corcoran McEnearney
Last Updated: 4 hours ago
Data Source: Bright MLS , MLS# DCDC398794
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