429 E LAFAYETTE AVENUE E

Property Description

Three properties in one! This incredibly rare offering includes 429 E Lafayette Ave, a massive four-level 2-unit dwelling sitting on a wide 19ft lot, as well as the adjacent lots of 431 E Lafayette Ave & 433 E Lafayette Ave, creating an unparalleled 51ft x 95ft oasis in the heart of the Station North Arts and Entertainment District, offering income and equity opportunities. The adjacent lots are in an R8 zoning district, measuring over 1,500 sq. ft. each, and have parking, meeting qualifications for building a two-unit property on each. Located in this sought-after and fast-developing community, which sits next to Penn Station, attracting DC commuters and all types of homebuyers who enjoy the local theaters, galleries, and music venues. This gem of a property fits perfectly into this artistic community, and the side lots would be a trophy space for anyone interested in gathering friends, hosting events, or a private retreat. The rear of the property alone has side-by-side driveway parking for 4-5 cars. 429 E Lafayette is comprised of a 1-2BD 2BA Owner’s Unit on the main and lower floors that have been custom designed by the owner, an artist. Its backroom with a private rear entrance has served as an efficiency-style roommate apartment, and the owner has created an owner's suite living space with an updated artistic kitchen and living area with high ceilings on the main floor, and downstairs bedrooms quarters with a walk-in closet and laundry on the lower level. The upstairs 2-3BD and 1.5 Bathroom apartment is wide and open with luxury vinyl plank flooring. The kitchen boasts granite counters, stainless steel appliances, and a kitchen island leading to your large three-window-wide and 20ft long living room with plenty of space for relaxing and entertaining. Opposite the living space, in the rear of the property, is your third bedroom or office boasting its own ensuite half bathroom. On the top floor, you will find two large bedrooms, a spacious full bathroom, and a larger laundry room with side-by-side washer and dryer and shelving storage. The oversized 14x15ft primary front-facing bedroom has his and her closets and boasts natural light from 3 windows. This is a perfect opportunity for a homeowner or an investment-minded buyer to snap up this property. A buyer can purchase using low-money-down FHA, Conventional, or VA financing, offset their living expenses today by living in one unit and renting the other, and have a nest egg for their financial future with the buildable lots. Zoning info has been pulled from uploaded ‘Rowhouse and multi-family residential districts – permitted and conditional uses’ and tax record information. Buyer must contact zoning office to verify development plans. Don’t miss out on this amazing property! Love it or leave it with our 12-month ‘Buy it Back or Sell it for Free’ guarantee!* Do you have a home to sell? Buy this home, and we will buy yours for cash!* Schedule a tour right now! Property can be shown on weekends only and prior day notice is needed. Please plan ahead.