5221 C ST SE
About This Property
Enter into an open plan main level with durable, luxury vinyl wood-look plank flooring, recessed lighting, and freshly painted walls. The kitchen showcases white, shaker, soft-close cabinets, granite countertops, and an island with seating for 4. The SS Appliance package includes a whisper quiet Bosch dishwasher and Samsung range, microwave, and refrigerator (with water & ice). The expanded primary suite on the back of the home has an en-suite bathroom, sizable walk-in closet, and separate seating area. The second bedroom on this level is also nicely sized and the level is complete with an additional, full bathroom in the hallway.
The fully-finished lower level doubles your living space! The rec room and kitchenette (with SS sink, Electrolux dishwasher, and wine refrigerator) feature new, wood-look flooring and recessed lighting. Also on this level you'll find a full bathroom, laundry closet, and two additional bedrooms: one with brand new carpet and the other with solid flooring. With so much space, it could be great as a guest suite or for multi-generational living.
Walk-out from the lower level into the flat, fenced yard with both patio and grass areas. Plenty of room to play, host a barbecue, or let the dogs run free! Parking won't be an issue here with both the extended driveway (can easily accommodate 3-4 vehicles) and non-zoned street parking.
This home is 1 block from Harris Elementary & Harris Rec Center; 3 blocks from the Fletcher-Johnson Rec Center; and 1/2 mile from Kipp DC Benning Campus. Anchoring the community, the Marshall Heights Civic Association was founded in the 1940's and continues to this day. "With a recently revived civic association planning events and advocating for residents, and a task force dedicated to opening a new economic center in the neighborhood, Marshall Heights is drawing fresh attention from those hunting for a D.C. home." - Hope Hodge Sec, Washington Post, May 31, 2023
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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%.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 17, 2024 | Sold | ||
| Sold | |||
| Jun 16, 2024 | In contract | - | |
| In contract | |||
| Jun 12, 2024 | Price Decreased |
$524,900
↓ $24K
(4.4%) | |
| Price Decreased | |||
| May 29, 2024 | Listed by TTR Sotheby's International Realty | $549,000 | |
| Listed by TTR Sotheby's International Realty | |||
Property Highlights
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About Southeast Washington
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017