3 NEW YORK AVE NW, Washington, DC 20001 – DCDC2192168

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Joseph Lam

sales@soldbyturnkey.com +1(856) 305-8329

$1,194,998

Est. payment - /mo

2,040 SqFt

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UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 2,040 sqft

Price per Sqft $585

Subdivision Noma

MLS Listing ID DCDC2192168

Originating Board BRIGHT

Year Built 1900

Annual Tax Amount $6,262

Tax Year 2024

Lot Size 889 Sqft

Acres 0.02

Property Sub-Type Mixed Use

Property Description

Investment Opportunity: Fully Renovated Property with Income Potential

This prime property, owned by a licensed realtor, presents a fantastic investment opportunity. With an application already submitted for a Bed and Breakfast or Small Motel license, we are currently awaiting DC review. The property is ideally suited for a variety of businesses, including short-term rentals, offering excellent potential for high returns.

Proven Profit: The property generated over $118,000 in estimated profits last year—demonstrating its strong income potential.
Two Fully Renovated Units:
Basement Unit: Features a 1-bedroom, 1.5-bathroom layout, perfect for a private rental or guest suite.
Upstairs Unit: Offers 3 spacious bedrooms, 1 bathroom, and modern finishes throughout.
Both units boast gourmet kitchens, upgraded in 2021, providing high-end living for tenants or guests.

Security & Privacy: The property is secured with a fenced-in yard and a gated entry, ensuring peace of mind for residents and guests.
This property is ready to deliver strong returns, whether you're looking to operate a short-term rental, B&B, or small motel. Don't miss out on this incredible opportunity to own a fully renovated, income-generating property in a sought-after location.

Location

State DC

County Washington

Zoning MU-4

Interior

Hot Water Electric

Heating Heat Pump(s)

Cooling None

Flooring Other

Heat Source Electric

Exterior

Utilities Available Electric Available, Water Available, Sewer Available, Cable TV Available

Water Access N

Roof Type Flat

Accessibility None

Garage N

Building

Sewer Public Septic, Public Sewer

Water Public

New Construction N

Schools

School District District Of Columbia Public Schools

Others

Tax ID 0617//0165

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

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Listed by Payam Bakhaje • Realty ONE Group Capital

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Joseph Lam

+1(856) 305-8329

Broker Associate | License ID: 0682262

Broker Associate License ID: 0682262

3 NEW YORK AVE NW Washington, DC 20001

Joseph Lam

Key Details

Location

Interior

Exterior

Building

Schools

Others

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3 NEW YORK AVE NW