1417 Spring Rd NW
1417 Spring Rd NW
1417 Spring Rd NW
1417 Spring Rd NW
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$1,600,000

1417 Spring Rd NW

3 Beds 1 Bath 1,080 Sq.Ft.

Description

This three-unit property is being brought to market after a complete top-to-bottom renovation. All mechanical systems and appliances are brand new. Each of the three units offers three bedrooms and one bathroom. Pending final approval by the DC housing authority, this property will be operating at above-market rental rates by way of the voucher program. Monthly gross rental income would be guaranteed throughout the program at $11,616 and gross annual income at $139,392. A third-party rental agency has been contracted to ensure all inspections are properly cleared and that the building can be conveyed at 100% occupancy, translating to immediate cash flow for the future owner.

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Location

1417 Spring Road North West, Washington, DC 20010

Status

Sold
Jesse Sutton

Jesse Sutton

TITLE

REALTOR®

Stuart Carragher

Stuart Carragher

TITLE

REALTOR®

Property Amenities

Interior
Total Bedrooms: 3
Full Bathrooms: 1
Area & Lot
Lot Area 0.03 Acres
Living area 1,080 Sq.Ft.
Year Built 1923
Type Multi-Family
Status Sold
Finance
Sales Price $1,600,000
1417 Spring Rd NW
1417 Spring Rd NW
1417 Spring Rd NW
"A complete top-to-bottom renovation."

— The Venture Property Group

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