1430 A ST SE Washington, DC 20003
UPDATED:
10/14/2024 10:41 PM
Key Details
Property Type Multi-Family, Townhouse
Sub Type Interior Row/Townhouse
Listing Status Pending
Purchase Type For Sale
Square Footage 2,636 sqft
Price per Sqft $369
MLS Listing ID DCDC2159694
Style Unit/Flat
Abv Grd Liv Area 2,636
Originating Board BRIGHT
Year Built 1931
Annual Tax Amount $7,807
Tax Year 2024
Lot Size 2,410 Sqft
Acres 0.06
Property Description
The ASSET
The Property has a unit mix consisting of four (4) one-bedroom, one bath units. While currently configured as one-bedrooms, a new owner could look to reconfigure units into two-bedroom units, with similarly-sized nearby comparable units achieving $2,700 - $3,000 per month in rent. Also, the building sits on a lot that is 2,410 SF and is zoned RF-1, which presents the opportunity for a developer to expand the exiting building's square footage by-right, unlocking unused allowable density through the addition of a third level (and lower level).
THE LOCATION
1430 A Street SE is less than a 15-minute walk from three Metro Stations – Stadium-Armory (0.4 miles), Potomac Avenue (0.6 miles) and Eastern Market (0.8 miles). The Property is also just 2 blocks from Lincoln Park and is a 20-minute walk to high-end retailers, grocers, dining, and entertainment options around Eastern Market and Barracks Row, and 1.6 miles to Navy Yard. The Property is a short walk from the 190-acre RFK Stadium Campus, which is poised for future redevelopment.
POTENTIAL RENT CONTROL EXEMPTION
Individual owners of four or less rental units in the District of Columbia may file a rent control claim of exemption form pursuant to the Small Landlord (2.05 (a) (3) section of the Rent Stabilization Program of the Rental Housing Act, thereby exempting the building’s units from DC’s rent control regulations.
The Property is being sold simultaneously with 1428 A Street SE (MLS# DCDC2160054), which is adjoining to 1430 A Street SE. 1428 A Street SE is also a 4-unit multifamily asset (3 of 4 units are vacant). The assets can be sold together or separately.
Location
State DC
County Washington
Zoning RF-1
Interior
Hot Water Multi-tank
Heating Baseboard - Electric
Cooling Window Unit(s)
Heat Source Electric
Exterior
Waterfront N
Water Access N
Accessibility None
Parking Type Other
Garage N
Building
Foundation Other
Sewer Public Sewer
Water Public
Architectural Style Unit/Flat
Additional Building Above Grade
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Tax ID 1058//0076
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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