Address
511 Florida Avenue NW Washington, DC
Price
$ 1,150,000
Property Attributes
  • MLS#DCDC475502
  • TypeMulti-Family
  • CountyWASHINGTON
  • CityWashington
  • Zip20001
  • StyleTraditional
  • Year Built1900
  • Taxes8335
  • Price$ 1,150,000
  • Bedrooms5
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size1,307 SqFt
Listing Provided Courtesy Of:
Nomadic Real Estate Broker Services
Property Description

Introducing 511 Florida Ave NW, a mixed-use 3 unit building where great investment meets great location.With an MU-4 zoning the property is ideally structured and features three levels.~ The ground level is a 600 sq/ft commercial space that can be converted/used as a residential studio if desired and offers 1 parking space in the rear of the building. Upper level 1 offers a two bedroom/one bath residential rental unit with private rear facing deck.~ Upper level 2 features a two bedroom/one bath residential rental unit with skylights and a private rear-facing deck. These are 3 distinct and licensed units.~~This is a true investment property priced to produce immediate return on your investment.~ The ground level commercial space previously rented for $1805/mth and is currently vacant. Upper level 1 rented for $2600/mth and is recently vacant.~ Upper level 2, the top floor unit currently rents for $2400 and has a lease in place through 10/2021.~This unit is available to be viewed by appointment only.~This property is in very good condition and requires no capital improvements.~ Offered at a 5% Cap Rate you can begin earning over $7,000 in rental income per month with low operational costs in one of DC's best locations with fabulous exposure to long-term capital appreciation.The location is at the junction of DC~s three most popular neighborhoods: Ledroit Park, Shaw and U Street with some of the city~s finest restaurants, bars, eateries and nightlife at your doorstep.~ Shaw/Howard Metro is 2 blocks away! Trader Joe~s, Whole Foods, Vida Fitness and a wide array of conveniences also reside within walking distance.~ This is truly city living.~We encourage you to take a tour of each unit via our 3D renderings and video tours uploaded in the Virtual Tour section of the listing.

Price History
7/2/2020 Listed $1,250,000
9/23/2020 8% - $1,150,000

General Features

Accessibility None
Architectural Style Traditional
Construction Materials Brick
Cool Fuel Electric
Cooling Central A/C
County WASHINGTON
Garage Y/N No
Heating Central
High School District DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Legal Subdivision LEDROIT PARK
New Construction No
One Bedroom Units Count 1
Other Structures Above Grade, Below Grade
Ownership Fee Simple
Parking Features Secure Parking, Concrete Driveway
Possession Immediate, Negotiable
Property SubType Other
Property Type Multi-Family
Real Estate Owned Y/N No
Sewer Public Septic
Structure Type Interior Row/Townhouse
Tax Year 2019
Total Units 3
Two Bedroom 2
Vacation Rental Y/N No
Water Access Y/N No
Zoning MU-4
Zoning Description 3 unit Mixed-use building. Please see remarks for full details.

Interior Features

Central Air Y/N Yes
Heating Fuel Natural Gas
Heating Y/N Yes
Hot Water Natural Gas

Exterior Features

Lot Size Acres 0.03
Lot Size Source Assessor
Lot Size Square Feet 1252.00
Navigable Water Y/N No
Off Street - # Of Spaces 1
Pool Y/N No Pool
Soil Types Unknown
Total Parking Spaces 1
Type of Parking Off Street
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 20001

Price
AVG $1.62M
$1.15M
Taxes
AVG $9,940
$8,335
Visits
AVG 85
37
Year Built
AVG 1923
1900
Walkscore
AVG 96
98
Data Provided by Walkscore ® not using MLS data

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