Excellent opportunity to own a legally established six-unit multifamily property, corner building in Washington, DC, offering immediate rental potential and significant upside in a rapidly developing area. The property is legally configured as six 1-bedroom units. The owner has thoughtfully renovated and combined two of the units to create a… Read More spacious 2-bedroom residence, providing flexibility for an owner-occupant or an attractive rental option. Current occupancy includes two vacant units, one occupied unit, and an owner-occupied 2-bedroom basement unit. The vacant units provide an excellent opportunity for a new owner to renovate, lease, and increase the property's income-producing potential. Additional property highlights include: Legally established 6-unit multifamily property Original configuration: six 1-bedroom units Two units have been combined into a renovated 2-bedroom unit 2 vacant units ready to lease 1 occupied unit Owner currently occupies the renovated 2-bedroom basement unit 2 off-street parking spaces Excellent opportunity for an investor or owner-occupant Potential for increased rental income through lease-up of vacant units Located near major Washington, DC development and transportation amenities Situated near the planned new Washington Commanders football stadium development, creating potential long-term neighborhood growth and investment appeal With multiple units already in place, vacant units available for lease-up, parking, and a highly strategic location, 4208 Foote St NE presents a compelling opportunity for investors seeking both current income and future appreciation potential. Buyer should independently verify zoning, legal unit configuration, permits, occupancy, rental history, and all development plans with the appropriate District of Columbia agencies. Building sold in AS-IS condition. Read Less
Courtesy of Julie Visperas, Stonegate Realty Group, LLC 202-387-3026
Listing Snapshot
Days Online
1
Last Updated
Property Type
Twin Home
Beds
6
Full Baths
6
Lot Size
0.06 Acres
Year Built
1943
MLS Number
DCDC2278410
Additional Details
Building
Built in 1943, Levels: 2, Construction Materials: Brick
This information is provided exclusively for consumers' personal, non-commercial use; that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by BrightMLS. Information may appear from many brokers but not every listing in BrightMLS is available. This content last updated on .
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