Studio | 0 Bath | 3,640 Sq Ft | 1910 Year Built | Contract
Welcome to 1330 Irving Street NW, a recently renovated 3-unit row home in Columbia Heights just a few steps from the Columbia Heights Metro. This opportunity presents tremendous value for an investor. There is a current Certificate of Occupancy for 3 units and the original R-4 zoning provides future options for expansion. With a walk score of 94, bike score of 90, and access to 765k square feet of retail and restaurant space, this location is perfect for a turnkey investor with tremendous upside.Renovated in 2009 with all new electrical, plumbing and HVAC including main sewer/water lines. All units include stainless-steel appliances, granite countertops, updated bathrooms and hardwood floors. Property has a light well on the east and west side of the building for an uncommon amount of current and potential natural light for an interior row home. Property includes a garage with two garage spaces. One space was formerly rented to Zipcar but has been made vacant in preparation for the sale of the building to allow for ease of showing.One the tremendous benefit of this building is the low vacancy rate. The units have turned over via the college alumni networks of the tenants. Historically, if a vacancy occurs, it lasts 1-2 weeks. Currently, the basement is rented for $2,800 per month with the lease expiring 5/1/2020. Unit 1 is currently rented for $2,950 per month with lease expiring 10/31/2020. Unit 2 is currently rented for $3,950 per month with lease expiring 12/31/2020.
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