1. District of Columbia
2. Washington
3. 2303 S ST SE

2303 S ST SE, Washington, DC 20020

• 2,592 sqft

Property Description

***EXCELLENT OPPORTUNITY FOR INVESTOR OR FIRST TIME HOMEBUYER***Welcome to 2303 S Street SE a multiple unit apartment building located in the subdivision of Randal Heights, Washington DC. At current, each unit offers 1 bedroom/1 bath. Lot size: 5,437 s/f; Zoning R-3; Total building s/f of 2,592. Off-street parking for 2+ vehicles. Two units are “turnkey” with updated flooring, freshly painted and stainless-steel appliances. Exterior in need of some repairs. Excellent investment property. BUILDING IS FULLY DETACHED. EASY CONVERSION TO 2-BEDROOM UNITS WITHOUT ADDING TO FOOTPRINT. Potential fair market rent per unit is $1,500 per month. Expenses: Property Taxes $5,200; Maintenance Fees $6,000; Management Fees: $6,000; Property Insurance: $4,800; Reserves: $8,000; NOI: $42,000; Cap Rate: 7%. PLEASE BE ADVISED…UNIT #A IS OCCUPIED! PLEASE DO NOT DISTURB. ALL OTHER UNITS ARE VACANT. BUILDING WILL BE DELIVERED VACANT.

Listing Status:

Active

Date Added:

May 17, 2025 at 05:00AM

Listing Office:

Coldwell Banker Realty - Washington : 2023876180

Listing Agent:

Alvin D Rice : 2022639008

MLS ID:

DCDC2196686

Interior

• A/C: None
• Heating: RadiatorNatural Gas
• Disability Feature: None

Exterior

Construction

Location

Lot

Utilities

Financial

This listing courtesy of Alvin D Rice, Coldwell Banker Realty - Washington