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Key Details
Sold Price $1,145,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 8,028 sqft
Price per Sqft $142
MLS Listing ID DCDC2151056
Sold Date 08/16/24
Originating Board BRIGHT
Year Built 1962
Annual Tax Amount $8,082
Tax Year 2023
Lot Size 9,530 Sqft
Acres 0.22
Property Description
4936 Nash Street NE is a 12-unit multifamily property in the Deanwood neighborhood of Northeast Washington, DC. Located just a 5-minute walk from the Deanwood Metro Station and steps from Deanwood Community & Aquatic Center, 4936 Nash Street NE is a three-story fully detached building that has a unit mix consisting of eleven (11) one-bedroom units and one (1) efficiency unit. Five (5) of the building's twelve (12) units are currently vacant and in rent-ready condition, with an additional sixth vacancy delivered upon settlement. Six (6) of the units have balconies.
When fully occupied with the current unit mix, the building can produce $160,000+ of rental revenue annually. However, the square footage of the building's units presents the ability for an investor to potentially add bedrooms to units, effectively creating two- and three-bedroom units, increasing the potential rental revenue that can be achieved.
The building features a parking lot in the rear that accommodates 8+ parking spaces.
Tenants are responsible for paying their own electric and gas, while the Landlord is responsible for paying water/sewer.
The size (9,530 SF) and zoning (RA-1) of the building's lot provides for additional density if an investor seeks to redevelop the property in the future.
The TOPA process has already been completed.
Location
State DC
County Washington
Zoning RA-1
Interior
Hot Water Natural Gas
Heating Central
Cooling Central A/C
Heat Source Natural Gas
Exterior
Garage Spaces 8.0
Waterfront N
Water Access N
Accessibility None
Parking Type Parking Lot
Total Parking Spaces 8
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Tax ID 5172//0056
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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