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409 E Capitol Street SE

WASHINGTON, DC 20003
  • $1,349,000
  • STATUS: Active Under Contract
  • ON SITE: 21 Days
  • ID#: DCDC2000181
Under Contract
UPDATED: 66 min ago
$1,349,000
  • 2
    BEDS
  • 0.04
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,746
    SQFT
  • $773
    $/SQFT
Neighborhood:
Type:
Villa/Townhouse
Built:
1900
County:

School Ratings & Info

Description

The subject property is a two-story, 1,746-square foot building situated on an 1,800 square foot lot. Located in the Capitol Hill neighborhood, 409 East Capitol Street SE represents an opportunity for a savvy investor to acquire a 100% leased, mixed-use commercial property in one of Washington, D.C.+GGs most desirable and stable submarkets. The subject property is a two-story, 1,746-square foot building situated on an 1,800 square foot lot. Located in the Capitol Hill neighborhood, 409 East Capitol Street SE represents an opportunity for a savvy investor to acquire a 100% leased, mixed-use commercial property in one of Washington, D.C.+GGs most desirable and stable submarkets. The first floor commercial space currently leased through Aug of 2023. The second level of the property is a two-bedroom/one-bathroom apartment unit which is currently leased through the end of 2023. The unit has excellent natural light throughout, hardwood floors, and a stairwell leading to a rear patio area. As there is only one residential unit, the sale of 409 East Capitol Street SE will not be subject to the Tenant Opportunity to Purchase Act (+G+TOPA+G-). Without any extended statutory timeline necessary, this opportunity is well suited for all types of investors including those in search of a 1031 exchange up leg.The subject property is located along East Capitol Street in Capitol Hill, one of the District+GGs most affluent and stable neighborhoods. The submarket itself offers numerous tourist attractions such as the Library of Congress, the United States Capitol Building, and United States Supreme Court. The subject propertybenefits from its close proximity to Barracks Row, home to the United States Marine Barracks, and well-known for its retail and restaurant scene which hasexploded over the last decade. 409 East Capitol Street SE is also close to Eastern Market and the Trader Joe+GGs-anchored Hine School redevelopment project which is known as 700 Penn at Eastern Market. Additionally, the subject property is approximately one half mile from the Capitol Hill South and Eastern Market Metro Stations, and one mile from Union Station.

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©2021 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 TALBOT GREENYA GROUP | KELLER WILLIAMS. 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: 2021-10-27T07:49:55.923.
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409 E Capitol Street SE WASHINGTON, DC 20003

  • Price: $1,349,000
  • Status: Active Under Contract
  • Updated: 66 min ago
  • ID#: DCDC2000181
2
Beds
2
Baths
0
½ Baths
0.04
Acres
1,746
SQFT
$773
$/SQFT
1900
Built
Neighborhood:
Capitol Hill
County:
Washington
School District:
District Of Columbia Public Schools
Property Description
The subject property is a two-story, 1,746-square foot building situated on an 1,800 square foot lot. Located in the Capitol Hill neighborhood, 409 East Capitol Street SE represents an opportunity for a savvy investor to acquire a 100% leased, mixed-use commercial property in one of Washington, D.C.+GGs most desirable and stable submarkets. The subject property is a two-story, 1,746-square foot building situated on an 1,800 square foot lot. Located in the Capitol Hill neighborhood, 409 East Capitol Street SE represents an opportunity for a savvy investor to acquire a 100% leased, mixed-use commercial property in one of Washington, D.C.+GGs most desirable and stable submarkets. The first floor commercial space currently leased through Aug of 2023. The second level of the property is a two-bedroom/one-bathroom apartment unit which is currently leased through the end of 2023. The unit has excellent natural light throughout, hardwood floors, and a stairwell leading to a rear patio area. As there is only one residential unit, the sale of 409 East Capitol Street SE will not be subject to the Tenant Opportunity to Purchase Act (+G+TOPA+G-). Without any extended statutory timeline necessary, this opportunity is well suited for all types of investors including those in search of a 1031 exchange up leg.The subject property is located along East Capitol Street in Capitol Hill, one of the District+GGs most affluent and stable neighborhoods. The submarket itself offers numerous tourist attractions such as the Library of Congress, the United States Capitol Building, and United States Supreme Court. The subject propertybenefits from its close proximity to Barracks Row, home to the United States Marine Barracks, and well-known for its retail and restaurant scene which hasexploded over the last decade. 409 East Capitol Street SE is also close to Eastern Market and the Trader Joe+GGs-anchored Hine School redevelopment project which is known as 700 Penn at Eastern Market. Additionally, the subject property is approximately one half mile from the Capitol Hill South and Eastern Market Metro Stations, and one mile from Union Station.
Exterior Features

Architectural Style Colonial Construction Materials Brick Garage YN No Other Structures Above Grade Parking Types None Pool No Pool Riparian Rights YN No Soil Types Unknown Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 1746 Basement Other Basement YN Yes Cooling Central A/C Heating Heat Pump(S) Heating YN Yes Levels 3 Upper Level1 Bedrooms 2

Property Features

Accessibility Features Other Assessment Year 2020 Association YN No Central Air YN Yes Condo YN No Cooling Fuel Electric Foundation Details Other Heating Fuel Electric Hot Water Electric Navigable Water YN N New Construction YN No Original MLSNumber 800760110479 Ownership Interest Fee Simple Possession Immediate Sale Type Standard Senior Community YN No Sewer Public Sewer Structure Design Type Interior Row/Townhouse Tax Annual Amount 2028.00 Tax Assessment Amount 0.00 Tax Lot 820 Vacation Rental YN No Water Source Public Zoning Rf3

Listing courtesy of Ttr Sotheby's International Realty.


©2021 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 TALBOT GREENYA GROUP | KELLER WILLIAMS. 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: 2021-10-27T07:49:55.923.
 
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