Description
Rare Multi-Family Opportunity! This beautiful renovated four story rowhouse is being offered for the first time in almost two decades! Located in the heart of Dupont Circle, this beautiful property, with almost 5,000 sq ft., boasts three positive income generating units with annual rent rolls of almost $200,000. When the penthouse re-rents with current market place values, the annual rent rolls will surpass $200,000. Each of the three renovated units are built above ground and showcase 8 bedrooms & 6.5 baths plus 2 parking spaces. The property is TOPA-free and has been meticulously maintained. The two story renovated penthouse (unit 301) is an incredible example of light filled open space living with cathedral ceilings and skylights. This is the first time since 2011 that the penthouse has become available. This one of a kind unit features over 2,200 with 4 BDRMS & 2.5 BA, plus living space unlike anything seen in a DC rowhouse. Newly refinished hardwood flooring continues throughout the entire unit. The unusually wide living area with soaring ceilings is incredible. The open living space plus a separate dining room are perfect for entertaining. Plus during the winter months, the wood burning brick fireplace makes the living space so very warm & cozy. The newly renovated spacious stainless eat-in kitchen allows for several cooks at one time-making those family get together even more enjoyable. Featuring new quartz countertops, this is the ideal place to make that perfect meal. The four upstairs bedrooms showcase large window & skylights. The two full baths are newly renovated and also feature a new washer & dryer. Units 101 & 201 both feature 2 BD & 2BA boasts large living areas with beautiful stainless steel kitchens, custom tiled baths. Both units showcase stunning custom repurposed country built-ins. Unit 201 also offers a wood burning fireplace. Both units offer washer & dryers. This perfectly maintained building has the ability to increase the number of present units. (Legal information available.) Plans have also been drawn up by Trout Design to build up, to offer a den area and open roof top to the penthouse unit, giving the penthouse unit amazing monument views and vistas of DC. Each unit is responsible for it's individual electric bill. Water is included in the monthly rent. Two parking spaces are located in the back of the building. This special rowhouse is located one block from Dupont Circle, the METRO & the weekend Farmer's Market. Restaurants & grocery stores surround the building and the Dupont dog park is just wo blocks away This is the perfect property for an end-user and/or savvy investor. The economic upside offers so many possibilities: Traditional rentals, Air B&Bs or live in the penthouse rent out units 101 & 201. The possibilities are endless. Agent/owner
