5920 Foote St Ne is a $1,700,000 home on a 0.15 acre lot located in Washington, DC.
Don't miss out on a prime investment opportunity in the rapidly-growing Deanwood Neighborhood at 5920 Foote St NE! This strategically located 12-unit multifamily building, just off Eastern Ave with all 6 Metro lines nearby, offers a diverse unit mix with 5 spacious 2-bedroom and 7 comfortable 1-bedroom units. 75% vacancy allows for immediate renovation, and TOPA period has been initiated with the 3 current tenants indicating they will not exercise their TOPA rights. Consider converting 1-bedroom units to 2-bedroom to potentially increase gross annual rents by up to $250,000. Units are separately metered and share water. The Deanwood Submarket is in one of the last underdeveloped Wards in DC and has attracted major attention from both the private and public sector. It’s on a seemingly endless array of “best of” real estate lists, with Redfin naming it one of “10 hottest neighborhoods in the COUNTRY”. Numerous multi-million development projects are underway in Ward 7, including the $75M Deanwood Town Center and the $115M+ Parkside redevelopment project in D.C., covering 26 acres and 3.1 million square feet. Act now and be part of the exciting revitalization in the area!
Hot Water - Other
Accessibility Features - None
Cooling Fuel - Electric
Heating Fuel - Other
Heating - Yes
Parking Type - None
Owner Pays - Taxes - Real Estate
Owner Pays - Sewer
Operating Expense Includes - Insurance
Operating Expense Includes - Trash
In City Limits - Yes
Soil Types - Unknown
Owner Pays - Water
|Property Sub Type
Five Or More Units
Business Type - Apartment Building
district of columbia public schools
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