JUST LISTED by the LISE HOWE GROUP
1723 CAPITOL AVE NE WASHINGTON DC 20002
Are you looking for a solid investment in the heart of Washington DC? Have you wanted to try your hand at a condo coversion? Whether you see your self as a landlord or a developer in Washington, this four unit multiplex is for you! Currently each unit is tenant occupied. Two are on one year leases and two are month to month. The tenants pay their own gas and electric bills while the landlord pays the common area utilities and water and sewer.
Each unit is a one bedroom plus den with a full kitchen with a gas stove and refrigerator, and a washer and dryer in each unit. There are two parking spaces at the rear of the property.
1723 Capitol Avenue NE is a short walk to the H St Corridor with all its bars and restaurants and very close also to Ivy City. Both communities are growing and will soon meet around Capitol Avenue, making this building very desirable in coming years.
Gaulladet University is also just a block away from the building, providing a great source of potential tenants from the students and professors who work there. Gallaudet University is a federally chartered school for the deaf and hard of hearing established in Washington DC in 1864. Gallaudet is on a 99 acres property with beautiful historic buildings and green space, making this a great neighbor and a wonderful place to walk. H
Ivy City is a small neighborhood just off New York Avenue that has experienced a real renaissance recently. Ivy City was established as an African American community in the mid to late 19 century which became a manufacturing and warehouse zone by the 1960s. The conversion of the historically significant Hecht's warehouse to a very trendy and upscale apartment community with lots of shops and restaurants has brought lots of great night spots to the area. Be sure to check out the Tavern at Ivy City Smokehouse, winner of a Michelin Guide Bib Gourmand award. Some of the most popular dishes include Salmon Cany, hot smoked salmon with honey and a delicious smokehouse fish board with five different smoked fishes, two bagels and all the fixings to go withsmoked salmon. This neighborhood bar and restaurant also offers a regular lineup of concerts and a great patio with fire pits.
For more information about 1723 Capitol, please give the Lise Howe Group a call at 240-401-5577. The Lise Howe Group, Keller Williams Capital Properties, 4646 40th St NW, Washington DC 20016 240-401-5577 will be glad to help you make a good financial investment in a small multi family or a building perfect for a condo conversion.