451 M Street NW

UNDER CONTRACT $1,695,000
  • BEDS 7
  • BATHS 6
  • SQFT 3,358

Description

Back on market, buyer’s financing fell through. Let their loss be your gain, once in a decade opportunity! Stately, expansive, four-story, THREE UNIT victorian home with. Owners living on the 1st floor (Unit 1) with 2 BDs/1.5 BAs, Kitchen, Dining Room, and Living Room. Unit 2 is on the 2nd and 3rd floor and is a 4 BDs/2.5 BAs unit, with Kitchen, Dining Room, and Living Room. Unit 2 is currently vacant. The owner has historically rented each room in Unit 2 for $1200/mo (Total income per month: $4800). The basement (Unite 3) is a 1 BD/1 BA unit rented through 4/30/2022 at $1795/mo.  The owner has enjoyed years of easy rental income paying his mortgage. Recently updated heat pumps, 3 separate in-unit laundry systems, lovely back yard patio and deck spaces for relaxing and entertaining. Prime location puts this home at the center of the hustle and bustle of DC’s downtown scene while being uniquely placed on a historic residential block. Beyond the iconic triangle that lies at its center, Mount Vernon Square has plenty of recreation to offer. Many options for a date night or delicious lunch, among them – RPM Italian, Espita mezcaleria, and Busboys and Poets. Secure Parking for rent nearby for $200 a month. This is city living at it’s best – come see for yourself! Note: Last three years rent rolls, repairs, CapEX, current leases, AND previous buyer’s home inspection available in agent docs. Also listed as Multi-Family – MLS#  DCDC489848.

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