805 MALCOLM X AVE SE
About This Property
Welcome to 805 Malcolm X Avenue SE, a remarkable residence that beautifully combines the rich history of Washington, D.C. with modern urban living. Nestled in the heart of Washington DC's vibrant community. It's prime location and updated features makes this home an excellent opportunity for both investors and residents alike. Recent notable upgrades include: New Carrier HVAC, new appliances, new windows, separate in law-suite with full bathroom, kitchenette, and separate washer and dryer in basement. Great opportunity for an income producing basement with private entry. There is also a washer and dryer on main level, all three bathrooms have been updated, Trex Deck, and three separate entrances accessible on each floor of the property.
Upon entering, you'll notice the open floor plan layout, the natural light creates an inviting and comfortable ambiance between rooms. The gourmet kitchen is a chef's dream, featuring stainless - steel appliances, updated countertops, and ample cabinet and counter space. It's not only a space for culinary creativity but also a hub for entertaining and gathering with loved ones. There is a rear deck accessible by stairs with entrance to the upper level in addition to a paved driveway, making parking easy for all tenants. Residents will appreciate the proximity to transportation, schools, and parks. The surrounding area has rich history, cultural attractions, and an array of shopping, dining, and entertainment options. Walking distance to the new upcoming George Washington Hospital, St. Elizabeth development right next door, Other close points of interest include: Washington Mystics arena, Navy Yard, and National Harbor. Townhouses close by are selling for over 700K! This property presents an exceptional investment with its desirable location and tasteful design. Book your showing online with us today!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jan 31, 2024 | Sold | ||
| Sold | |||
| Dec 30, 2023 | In contract | - | |
| In contract | |||
| Dec 15, 2023 | Price Decreased |
$694,000
↓ $1K
(0.1%) | |
| Price Decreased | |||
| Dec 12, 2023 | Price Decreased |
$695,000
↓ $20K
(2.8%) | |
| Price Decreased | |||
| Nov 10, 2023 | Listed by Keller Williams Capital Properties | $714,805 | |
| Listed by Keller Williams Capital Properties | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017