1430 A ST SE Pending

Washington,DC 20003

$ 975000

- Bed

- Bath

2636 SqFt


Key Details

Property Type Multi-Family, Townhouse

Sub Type Interior Row/Townhouse

Listing Status Pending

Purchase Type For Sale

Square Footage 2,636 sqft

Price per Sqft $369

MLS Listing ID DCDC2159694

Style Unit/Flat

Abv Grd Liv Area 2,636

Originating Board BRIGHT

Year Built 1931

Annual Tax Amount $7,807

Tax Year 2024

Lot Size 2,410 Sqft

Acres 0.06

Property Description

1430 A Street SE is a 100% vacant 4-unit multifamily building located in the Hill East neighborhood of Washington, DC.

The ASSET
The Property has a unit mix consisting of four (4) one-bedroom, one bath units. While currently configured as one-bedrooms, a new owner could look to reconfigure units into two-bedroom units, with similarly-sized nearby comparable units achieving $2,700 - $3,000 per month in rent. Also, the building sits on a lot that is 2,410 SF and is zoned RF-1, which presents the opportunity for a developer to expand the exiting building's square footage by-right, unlocking unused allowable density through the addition of a third level (and lower level).

THE LOCATION
1430 A Street SE is less than a 15-minute walk from three Metro Stations – Stadium-Armory (0.4 miles), Potomac Avenue (0.6 miles) and Eastern Market (0.8 miles). The Property is also just 2 blocks from Lincoln Park and is a 20-minute walk to high-end retailers, grocers, dining, and entertainment options around Eastern Market and Barracks Row, and 1.6 miles to Navy Yard. The Property is a short walk from the 190-acre RFK Stadium Campus, which is poised for future redevelopment.

POTENTIAL RENT CONTROL EXEMPTION
Individual owners of four or less rental units in the District of Columbia may file a rent control claim of exemption form pursuant to the Small Landlord (2.05 (a) (3) section of the Rent Stabilization Program of the Rental Housing Act, thereby exempting the building’s units from DC’s rent control regulations.

The Property is being sold simultaneously with 1428 A Street SE (MLS# DCDC2160054), which is adjoining to 1430 A Street SE. 1428 A Street SE is also a 4-unit multifamily asset (3 of 4 units are vacant). The assets can be sold together or separately.

Location

State DC

County Washington

Zoning RF-1

Interior

Hot Water Multi-tank

Heating Baseboard - Electric

Cooling Window Unit(s)

Heat Source Electric

Exterior

Waterfront N

Water Access N

Accessibility None

Parking Type Other

Garage N

Building

Foundation Other

Sewer Public Sewer

Water Public

Architectural Style Unit/Flat

Additional Building Above Grade

New Construction N

Schools

School District District Of Columbia Public Schools

Others

Tax ID 1058//0076

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

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