38.91518 -77.01884

511 FLORIDA AVE NW Washington, DC 20001

274032135 38.91518 -77.01884 230 /listing/274032135-150012377/511-florida-ave-nw-washington-dc-20001 False 0 1250000.0 0 104 DCDC475502 False
  • $1,250,000
  • 0.03 lot
  • Est payment $6710.27/mo

Property & Neighborhood Info

Courtesy Of Nomadic Real Estate Broker Services

Condo/Townhome in WASHINGTON

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.

Courtesy Of Nomadic Real Estate Broker Services
  1. 0.03 Lot

Main Features

  • Listing Status: Active
  • Year Built: 1900
  • Garage: 1.0
  • School District: DISTRICT OF COLUMBIA PUBLIC SCHOOLS
  • County: WASHINGTON
  • Taxes: $8,335.00
  • Tax Year: 2019
  • Units: 3
  • Zoning: 3 unit Mixed-use building. P
  • MLS Number:DCDC475502

Additional Features

  • Air Conditioning:
    • Yes
  • Cooling:
    • Central A/C
  • Cooling Fuel:
    • Electric
  • Water Heater:
    • Natural Gas
  • New Construction:
    • No
  • Water Source:
    • Public
  • Soil:
    • Unknown
  • Waterfront:
    • No
  • Parking:
    • Concrete Driveway
    • Secure Parking
  • Heating:
    • Central
  • Heating Fuel:
    • Natural Gas
  • Sewer:
    • Public Septic
  • Water Access:
    • No
  • List Type (Exclusive):
    • Exclusive Agency
  • Rental Features:
    • No
  • # of Rooms:
    • 0
  • Assessment Year:
    • 2019
  • MLSSystem ID:
    • BRIGHT
  • Possession:
    • Immediate
    • Negotiable
  • Total Parking Spaces:
    • 1
  • Unit 1 Bed Total Units:
    • 1
Neighborhood info courtesy of Homes.com © 2020

What's My Mortgage?

$38,769.95*
*Estimated monthly payment is a starting point to help assist you with your home search. To find out more about mortgage pre-qualification, click here.
request more info.
Renee Tucker
Renee Tucker
Broker Associate
1160 Spa Rd Suite 3C Annapolis MD 21403
38.91518 -77.01884

511 FLORIDA AVE NW Washington, DC 20001

274032135 38.91518 -77.01884 230 /listing/274032135-150012377/511-florida-ave-nw-washington-dc-20001 False 0 1250000.0 0 104 DCDC475502 False
  • $1,250,000
  • 0.03 lot
  • Est payment $6710.27/mo