726-1/2 11TH ST SE
About This Property
On the main level, you'll be greeted by a beautifully upgraded kitchen, featuring new granite countertops, an under-mount sink, a stunning new white backsplash, and stainless-steel appliances. The custom-made table and stools offer an inviting spot for morning breakfasts. Additionally, a half bath is conveniently located on this level for your guests' comfort. The seamless flow between the living area, dining space, and patio creates an ideal layout for hosting gatherings. The living room showcases an enchanting wooden mantel, fireplace, and expertly crafted bookshelves, imparting a sense of sophistication to the space. Stepping into the backyard, you'll discover an outdoor oasis with a delightful patio and grass area, perfect for savoring outdoor moments. Adjacent to the backyard, a detached garage adds convenience to your daily life. The house exudes warmth and elegance, thanks to its gleaming hardwood floors that grace every room.
On the upper level, you'll discover two generously proportioned en-suite bedrooms and an expansive, sun-drenched office/den/ flex room, bathed in natural light thanks to its window and skylight. The primary en-suite bedroom features a balcony. The bathrooms have been tastefully upgraded, featuring new lighting, stylish vanities, and pristine floor tile in the primary bedroom's en-suite. Sunlight fills this corner townhouse, and its generous closet space stands out as another noteworthy feature of this welcoming home.
Additional upgrades encompass the installation of a new HVAC/Heating system in December 2022, featuring a Carrier Three-ton unit supported by a 10-year manufacturer's warranty and 3 year labor warranty. Additionally, a 40-gallon electric water heater was installed in October 2022, and brand-new Washer and dryer units were replaced during the same year.
This location offers a wealth of conveniences and attractions within arm's reach. A short walk will take you to the Eastern Market and Potomac Metro stations, ensuring a seamless daily commute. Step out your front door to discover the vibrant Eastern Market and its renowned farmers market, providing an array of fresh and local goods. Food enthusiasts will relish the diverse culinary offerings along Barracks Row, where restaurants cater to a variety of tastes. The vibrant Navy Yard district beckons with its waterfront promenade and entertainment options, while sports enthusiasts can catch a game at Nationals Park, just a short walk away. Additionally, the neighborhood offers a tantalizing array of renowned restaurants like Rose's Luxury, Pineapple & Pearls, Little Pearl, and Call Your Mother, all within easy reach for your dining pleasure.
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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%.
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 28, 2023 | Sold | ||
| Sold | |||
| Oct 24, 2023 | In contract | - | |
| In contract | |||
| Sep 13, 2023 | Listed by Compass | $899,000 | |
| Listed by Compass | |||
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About Southeast Washington
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017