***Assumable VA rate of 2.625%*** Welcome home to 1833 M Street NE, this property provides a great opportunity for anyone looking to invest in real estate or generate rental income. A federal-styled colonial 2- Unit Townhouse with lots of updated features and a gorgeous Open floor plan is breathtaking! The fact that one unit is already tenant-occupied and generating income is a plus, and the potential for generating even more income with rental rates in the neighborhood ranging from $3200-$4900 is definitely a testament to the vibrancy of this well-situated property.
The recent updates to the property, including the newly updated kitchen ( 2021 ), plumbing, and bathrooms ( 2022 ), as well as the new floors (2021 ), railings, and HVAC overhaul ( 2021 ), washer & dryer (2022 ), Fencing (2022 ), private parking in the back for 4 vehicles, Windows and New Doors ( 2022 ) add significant value to the property and provide a modern and updated feel to both the units.
The property's location in the Vibrant Northeast quadrant of the city positions 1833 M street as one of the best locations close to downtown DC living without necessarily the hustle and bustle of downtown life while still providing great proximity to many shops, restaurants, and cultural attractions including the Smithsonian National Postal Museum, Union Market, and the U.S. Capitol, also adding to its appeal. . Additionally, the fact that the property includes solar panels which can help save on monthly utility bills and make the property more attractive to environmentally-conscious buyers and tenants alike. The Panels are NOT Leased so utility bills are extremely low!
1833 M Street offers flexibility and options for income-producing opportunities, whether it's for long or short-term rentals, making it an attractive investment. Additionally, with current market valuations and comps conservatively in excess of $1.35 million, this property is definitely a GEM! Imagine, making your home in either of the units and renting the other unit out with the goal of offsetting your mortgage. ***Assumable VA rate of 2.625%***
Courtesy of EXP Realty, LLC, JIMMY OKUNOLA
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Data last updated 10:53 PM UTC, 3/30/23