2308 Rhode Island Ave Ne, Washington, DC 20018

$925,000
List Price
$925,000
Price Change
▼ $125,000 1663212669
Days on Market
184
Status
ACTIVE UNDER CONTRACT
MLS#
DCDC2041132
Lot Size (Acres)
0.05
Year Built
1929
County
Washington DC
School District
District Of Columbia Public Schools

Property Description

Priced to sell ahead of the Federal Reserve Board meeting. Welcome to the Rhode Island Ave business corridor. The building is 4400 Sq Ft. Zoned MU-4 with an open-concept in the heart of the Woodridge neighborhood. Bring your vision and your best offer. The property is being sold as- is. The property is fully marketable with a 2.5 FAR (3.0 IZ), the asset sits on a lot roughly 2200 Sq Ft. Rental income for the asset on average is $35/per sq foot trading on average at a 7.0% CAP rate. Please bring your vision and your best and final offer. Seller will review and accept offers as they are presented.

Additional Information

Subdivision
Woodridge
Taxes
$7953
School District
District Of Columbia Public Schools
View
Street
Heating
Central
Heating Fuel
Electric
Cooling
Central A/C
Water
Public
Sewer
Public Sewer

Mortgage Calculator

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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of G&G Group, LLC. Contact: (202) 999-9523