1314 DOWNING PLACE NE

Property Description

Opportunity Zone Property! Location! Location! Location!!! An unparalleled opportunity in one of Washington DC’s Opportunity Zones! From the February 5, 2020 Washington Post article “Brentwood is part of Washington’s Opportunity Zones program, a federal program that provides tax incentives for investments in new businesses and commercial projects in low-income communities. The program has attracted developers to the neighborhood.” Now there are apartment buildings and condominiums. This multi-family, four-unit (One bed, One bath) property is located in a highly desirable neighborhood in the Brentwood section of town. Its proximity to public transportation adds to its appeal. Less than 15 min walk to the Rhode Island Metro Train Station. Near restaurants, retail, and parks. The 4 units in this building are in good, rentable condition, making it a great investment opportunity. The unfinished basement spanning the entire building has a ceiling height of 8 feet. All units are rentable as-is. The spacious backyard offers parking possibilities from the wide alley. Don't miss out on this incredible property. If For owner -occupied then can live in one unit and rent out the other three. Market rent for this 1 BD 1 BA between approx $1600-$1900 with a potential of higher. Comparable info: Same block, two similar buildings have been converted to condominiums. Very Beautiful Currently, property has two units vacant and two occupied. Building can be conveyed vacant or with tenants. Showings By appointment only. Call Listing Agent. Preferred : Standard Title (Kevin Anderson esq.)