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1224 Raum Street NE

WASHINGTON, DC 20002
  • $998,000
  • STATUS: Active Under Contract
  • ON SITE: 105 Days
  • ID#: DCDC2118766
Under Contract
UPDATED: 36 min ago
$998,000
  • 0
    BEDS
  • 0.08
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,916
    SQFT
  • $255
    $/SQFT
Type:
Multi-Family
Built:
1936
County:

School Ratings & Info

Description

Price Reduced more than $100K. Now is the time to invest in this wonderful opportunity. Welcome to 1224 Raum St. NE, a fantastic investment opportunity in the heart of Northeast Washington, D.C. This quadruplex building offers not only an income-generating property but also the potential for condo conversion, making it a smart choice for both investors and developers who would like to capitalize on the strong demand for housing in this vibrant neighborhood. The property's location and area revitalization ensures steady appreciation in property values, making it a wise investment choice. The lower level and large backyard could accommodate further development and additional units. 1224 Raum St. NE is vacant and immediately available. Seller is willing to offer a $50,000 credit for roof repairs.

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or EXIT Realty Enterprises. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-02-23T11:55:23.917.
www.exitrealtyenterprises.com/homes/145124566
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1224 Raum Street NE WASHINGTON, DC 20002

  • Price: $998,000
  • Status: Active Under Contract
  • On Site: 105 Days
  • Updated: 36 min ago
  • ID#: DCDC2118766
0
Beds
0
Baths
0
½ Baths
0.08
Acres
3,916
SQFT
$255
$/SQFT
1936
Built
County:
Washington
School District:
District Of Columbia Public Schools
Property Description
Price Reduced more than $100K. Now is the time to invest in this wonderful opportunity. Welcome to 1224 Raum St. NE, a fantastic investment opportunity in the heart of Northeast Washington, D.C. This quadruplex building offers not only an income-generating property but also the potential for condo conversion, making it a smart choice for both investors and developers who would like to capitalize on the strong demand for housing in this vibrant neighborhood. The property's location and area revitalization ensures steady appreciation in property values, making it a wise investment choice. The lower level and large backyard could accommodate further development and additional units. 1224 Raum St. NE is vacant and immediately available. Seller is willing to offer a $50,000 credit for roof repairs.
Exterior Features

Architectural Style Traditional Construction Materials Brick Garage YN No Parking Types On Street Pool No Pool Riparian Rights YN No Soil Types Unknown Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 3552 Below Grade Finished Area 364 Below Grade Unfinished Area 1412 Cooling None Fireplace YN No Heating RadiatorHot Water Heating YN Yes Single Room Units 4 Three Bedroom Units 0 Two Bedroom Units 4

Property Features

Accessibility Features None Assessment Year 2022 Central Air YN No Cooling Fuel None Foundation Details Brick/Mortar Heating Fuel Natural Gas Hot Water Natural Gas Navigable Water YN N New Construction YN No Number Of Units Total 4 Original MLSNumber 802724486914 Ownership Interest Fee Simple Possession Immediate Property Sub Type Quadruplex Sale Type Standard Sewer Public Sewer Structure Design Type Interior Row/Townhouse Tax Annual Amount 7152.00 Tax Assessment Amount 916400.00 Tax Lot 106 Vacation Rental YN No Water Source Public Zoning RF-1

Listing courtesy of Compass: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or EXIT Realty Enterprises. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-02-23T11:55:23.917.
 
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EXIT Realty Enterprises
8701 Georgia Avenue, Suite 509
Silver Spring MD, 20910