1428 A ST SE Pending Save Request In-Person Tour Request Virtual Tour
Washington,DC 20003
Key Details
Property Type 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 DCDC2160054
Style Unit/Flat
Year Built 1931
Annual Tax Amount $7,986
Tax Year 2024
Lot Size 2,870 Sqft
Property Description
1428 A Street SE is a 75% 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 2,870 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 1428 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 1430 A Street SE (MLS# DCDC2159694), which is adjoining to 1428 A Street SE. 1430 A Street SE is also a 4-unit multifamily and is 100% 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)
Exterior
Waterfront N
Water Access N
Building
Foundation Other
Sewer Public Sewer
Water Public
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Special Listing Condition Standard