1322 DOWNING Place NE
Property Description
ATTRACTIVE SELLER FINANCING AVAILABLE. Negotiable terms offered for qualified buyers. Inquire with the listing agent for details and terms. 1322 DOWNING PL NE: 4-UNIT ASSET WITH VALUE-ADD & OWNER-OCCUPANT UPSIDE. Solid brick 4-unit building situated in an established Northeast D.C. corridor, featuring three occupied units providing immediate rental income and one vacant unit ready for owner-occupancy or market lease-up. Offered at exceptional price, the property presents a direct physical value-add opportunity to build equity over time through systematic interior renovations and finish updates. Purchasing this 4-unit building as a qualifying individual owner-occupant provides the legal pathway to file for the Small Landlord Exemption from D.C. rent control stabilization regulations with the Rental Accommodations Division (RAD). An owner-occupant can utilize incoming rents from the three occupied units to directly offset monthly mortgage debt service while incrementally executing property improvements. This strategy allows the owner to reposition the building and capture significant long-term equity appreciation as local market fundamentals continue to recover and strengthen. DISCLAIMER: buyer's broker are responsible for performing all due diligence to verify existing lease terms, Certificate of Occupancy status, Basic Business License requirements, and RAD rent control exemption filing criteria.
Broker Details
REAL BROKER LLC (202) 335-7325
MLS ID: 3109753 State License Number: SP98377913
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $629,000 |
| No. of Units: | 4 |
| Year Built: | 1943 |
| Lot Size: | 2,600.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $157,250 |
| Property Website | Click Here |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-TRENDPA-DCDC2284044
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