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107 Webster St NE

$464,900

Call For Address

Coming Soon

MLS® ID: DCDC2177150

  • 2 BEDROOMS
  • 2,220 Sq.Ft.
  • 1,336 Sq.Ft.
  • 1953 BUILT

Property Details

SELLER FINANCING AVAILABLE. Value-add opportunity for an owner-occupant or investor exempt from DC rent control (owns less than 5 units in their personal name). This two-unit building features (2) 1-bedroom apartments with private exterior entrances. Units are in average condition and should pass a FHA/VA/Fannie appraisal. Unit #1 is delinquent $20k+ in rent and also maintains below-market rent ($660/month), allowing for a rent-control exempt investor to raise rent or an owner-occupant to provide a notice to vacate for personal use. Unit #2 is current on rent ($1,095/month) and is open to vacating with 60-90 day notice and a reasonable buyout. Both units are month-to-month. An assumable $256,870 seller-financed note ($962/month, 4.49%, Interest-Only, Maturity July 2029) is available for qualified buyers. Seller WILL NOT convey both units vacant at Settlement. Certificate of Occupancy application is in process and will convey at Settlement.

Chris Burns

LISTING AGENT

Amenities

Interior

  • total bedrooms 2

Exterior & Building

  • water Source Public
  • parking Off Street On Street
  • Heat Type Natural Gas
  • Air Conditioning Window Unit(s)
  • sewer Public Sewer

Financial Details

  • Sales Price $464,900
  • Real Estate Tax $4,566/yr

Area & Lot

  • Status Coming Soon
  • Living Area 1,336 Sq.Ft.
  • Lot Area 2,220 Sq.Ft.
  • MLS® ID DCDC2177150
  • Type Multi-Family
  • Year Built 1953
  • Architecture Styles Other
  • School District DISTRICT OF COLUMBIA PUBLIC SCHOOLS

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