McCormick & Lusk Group
202-412-8885
SOLD
$1,310,000
Date 09/24/2021

204 4TH Street SE
Washington, DC 20003

Townhouse
Residence
5
Beds
3
Baths
+
1 Half
2,880
Sq. Ft.
0.04
Acre Lot
1of
Photos
Map
Courtesy: Long & Foster Real Estate, Inc.
brightmlshomes.com> District of Columbia> Washington> 20003
ABOUT TO BE RATIFIED Beautiful Italianate townhouse in Capitol Hill built in the middle of the 19th century. Buying this house is living history! Protected by L'Enfant Trust, the façade and the windows are the original ones. Located 2 blocks away from the Capitol, you are in the heart of the city. Transportation is very easy with 4 close bus lines (30S, 30N, 32, and 36), 2 metro stations, Capitol South and Eastern Market, welcoming 3 lines, Orange, Silver, and Blue, the walking score is rated at 98, and the biking score at 96. In a nutshell, it's an ideal location. You'll have access to the best restaurants in the city; Barrel, Sushi Capitol, The Duck and the Peach, Fight Club and so much more. Close to the stores; Trader Joe's, 7-eleven, Eastern Market, and many coffee shops with the most popular one Starbuck's. Back to the property, the basement is accessible to another entrance which can make a good opportunity to live on the upper floors and rent the basement. The owner was renting it at $1,750 per month and didn't increase the rent since 2016. Private patio, all in brick, very charming, with a beautiful Pink Velour Crape Myrtle in the middle of the patio. Plenty of renovations and replacements; For the upper levels, the floor has just been totally refinished, a new central air Unico system (2020) distributed by a SpacePak, a new water heater (2020), a new dishwasher (2019), and a new dishwasher (2020). The metal roof is about 10 years old. Basically, you have great bones. Yes, you will need to do some work here and there to make it more contemporary if you want to. Investors, be ready to seize this unique opportunity to own this property for a rental activity or to flip the house. Renting will give you a gross income of $69,000 per year, a level that didn't change since 2016. Imagine what you can get now! The cap rate at this level is at 4.34%, but would increase dramatically by renovating a bit and raising the rents. The building has been fully approved as a rental property by DC. Electricity is separately metered, not the water. Central A/C and radiator for the upper levels, window unit, and radiant flooring for the basement. Offers are due on Tuesday, August 24th at noon.
DCDC523812
Townhouse, Other
5
WASHINGTON
3 Full/1 Half
1860
2.5%
0.04 Acres
Electric Water Heater, Public Water Service
Brick, Stone
Public Sewer
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100

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