Skip To Content

1638 16TH Street SE

WASHINGTON, DC 20020
  • $765,000
  • STATUS: Active
  • ON SITE: 114 Days
  • ID#: DCDC2099280
UPDATED: 58 min ago
$765,000
  • 6
    BEDS
  • 0.05
    ACRES
  • 2
    BATHS
  • 2
    1/2 BATHS
  • 1,700
    SQFT
  • $450
    $/SQFT
Neighborhood:
Type:
Townhouse
Built:
1935
County:

School Ratings & Info

Description

2.75% ASSUMABLE VA MORTGAGE!!1638 16th Street SE is a completely, gut renovated, turn-key two-unit property directly across the street from Anacostia high school. Live in one unit and have the tenant pay the majority of your mortgage, or rent out both units and cash flow $1,000/month! Renovated in 2020, the building consists of two apartment units. Both units are three bedrooms, and each unit has one full and one half bathroom. Each unit has a gourmet kitchen with stainless steel appliances, granite countertops, and gas stoves. Luxury vinyl plank flooring and washer and dryer units in each unit make this a highly desirable and maintainable rental. The building can gross up to $52,992 with each unit renting for $2,208/month with utilities included for Section 8 Voucher tenants. Potential to add two parking spaces in the rear with a new gate and other value add options are possible.RA-2 zoning allows for additional development in the future. Current FAR is 0.85, zoning permits up to 1.8 by right, which would translate to over 1800 additional square feet that could be added. Anacostia has been one of the area+GGs zip codes with the best appreciation over the past five years with the median home price in Anacostia, increasing 32.2% compared to 2018. With the development of Phase II of The Wharf, St. Elizabeth's and other private and public developments, we expect to continue to see significant appreciation and value in Southeast DC.

Monthly Payment Calculator



©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Eng Garcia Properties, LLC | Keller Williams Capital Properties. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-10-02T06:53:50.817.
www.enggarcia.com/homes/140425409
Print Image

1638 16TH Street SE WASHINGTON, DC 20020

  • Price: $765,000
  • Status: Active
  • On Site: 114 Days
  • Updated: 58 min ago
  • ID#: DCDC2099280
6
Beds
2
Baths
2
½ Baths
0.05
Acres
1,700
SQFT
$450
$/SQFT
1935
Built
Neighborhood:
Anacostia
County:
Washington
School District:
District Of Columbia Public Schools
Property Description
2.75% ASSUMABLE VA MORTGAGE!!1638 16th Street SE is a completely, gut renovated, turn-key two-unit property directly across the street from Anacostia high school. Live in one unit and have the tenant pay the majority of your mortgage, or rent out both units and cash flow $1,000/month! Renovated in 2020, the building consists of two apartment units. Both units are three bedrooms, and each unit has one full and one half bathroom. Each unit has a gourmet kitchen with stainless steel appliances, granite countertops, and gas stoves. Luxury vinyl plank flooring and washer and dryer units in each unit make this a highly desirable and maintainable rental. The building can gross up to $52,992 with each unit renting for $2,208/month with utilities included for Section 8 Voucher tenants. Potential to add two parking spaces in the rear with a new gate and other value add options are possible.RA-2 zoning allows for additional development in the future. Current FAR is 0.85, zoning permits up to 1.8 by right, which would translate to over 1800 additional square feet that could be added. Anacostia has been one of the area+GGs zip codes with the best appreciation over the past five years with the median home price in Anacostia, increasing 32.2% compared to 2018. With the development of Phase II of The Wharf, St. Elizabeth's and other private and public developments, we expect to continue to see significant appreciation and value in Southeast DC.
Exterior Features

Architectural Style Art Deco Construction Materials Brick Garage YN No Parking Types DrivewayOff Street Pool No Pool Riparian Rights YN No Soil Types Urban Land-Galestown-Rumford Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 1700 Basement YN No Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Central A/C Heating Forced Air Heating YN Yes Levels 2 Main Level Bedrooms 3 Upper Level1 Bedrooms 3

Property Features

Accessibility Features None Assessment Year 2022 Association YN No Central Air YN Yes Condo YN No Cooling Fuel Electric Foundation Details Other Heating Fuel Natural Gas Hot Water Natural Gas Navigable Water YN N New Construction YN No Original MLSNumber 802394535012 Ownership Interest Fee Simple Possession Settlement Sale Type Standard Senior Community YN No Sewer Public Sewer Structure Design Type Interior Row/Townhouse Tax Annual Amount 4806.00 Tax Assessment Amount 625740.00 Tax Lot 805 Vacation Rental YN No Water Source Public Zoning Ra-2

Listing courtesy of Keller Williams Capital Properties: .


©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Eng Garcia Properties, LLC | Keller Williams Capital Properties. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-10-02T06:53:50.817.
 
https://bt-photos.global.ssl.fastly.net/brightmls/orig_boomver_1_802394535012-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/orig_boomver_1_802394535012-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/orig_boomver_1_802394535012-2.jpg
Logo
Eng Garcia Properties, LLC | Keller Williams Capital Properties
1930 18th St NW
Washington DC, 20009