1116 K St SE Washington, DC 20003

Listing details for 1116 K St SE, Washington, DC 20003 : Great investment opportunity for an INVESTOR looking to purchase a two-unit property, or for a PRIMARY RESIDENT who would like to move into the upstairs and rent out the basement ($1650) or move into the basement and rent out the upper unit ($5k) to cover the mortgage. Current gross rents are $6,650 per month.Current leases: Upstairs: $5,000 per month, lease expires 31 May 2020; Downstairs: $1,650 per month, lease expires 31 May 2021. (After minor renovations the basement could be rented to a voucher tenant at $2600 adding another $1k to the cash flow.) Size: Upstairs: 4 bedrooms, 3.5 baths, 4 levels, 2,772 sq ft; Downstairs: 2 bedroom, 2 baths, 1 level, 920 sq ft. Features: Upstairs: one parking spot, spacious bedrooms and closets, one balcony, 20 ft ceiling on first floor, large windows in every room, back patio; Downstairs: high ceilings, granite countertops, stainless steel appliances, and an in-unit washer/dryer. Location: Perfectly situated among Eastern Market, Barracks Row, Navy Yard and Jenkins Row. Just a five minute walk to Barracks row (8th Street SE), Eastern Market, and all of the fantastic has shops, bars, and restaurants that the area has to offer. Medium Rare, Cava Mezze, Lavagna, Matchbox, and Rose's Luxury are just a few of our favorites. Eastern Market itself is about 6 minutes away. The brand new Harris Teeter at Jenkins Row is three blocks away in the other direction. Metro is close with the Potomac Ave only about 4 blocks and Eastern Market about 6 blocks away. The house is also convenient for getting in and out of the city. The ramps to 295, 395 and 695 are all 3 blocks away.Please note: Photos are of the property vacant. It is currently occupied by tenants. By appointment only.