1222 Missouri Avenue Northwest
1222 Missouri Avenue Northwest
Washington, DC 20011
$1,199,999
Price
8
Beds
5
Baths
3,296 Sq. Ft.
$364 / Sq. Ft.
3,296
Sq. Ft.
$364
per Sq. Ft.
Description
PRIME INVESTMENT OPPORTUNITY -Discover a meticulously positioned four-unit multifamily building nestled in the vibrant Georgia Petworth community, brimming with retail and dining options within arm’s reach. AMIDST TRANSFORMATIVE REDEVELOPMENT - Embrace a locale on the cusp of transformation, with major new developments including The Parks at Walter Reed, a sprawling 66-acre Town Center promising over 3.1 million square feet of development. Existing enhancements like Walmart, a stone’s throw away,...PRIME INVESTMENT OPPORTUNITY -Discover a meticulously positioned four-unit multifamily building nestled in the vibrant Georgia Petworth community, brimming with retail and dining options within arm’s reach. AMIDST TRANSFORMATIVE REDEVELOPMENT - Embrace a locale on the cusp of transformation, with major new developments including The Parks at Walter Reed, a sprawling 66-acre Town Center promising over 3.1 million square feet of development. Existing enhancements like Walmart, a stone’s throw away, are already bolstering local economy and real estate values. THRIVING WALKABLE COMMUNITY - Enjoy a stellar Walk Score of 87, denoting a “Very Walkable” neighborhood where daily errands are easily accomplished sans a car. With a mix of big-box retailers, neighborhood shops, and a vibrant dining scene along Georgia Avenue and Kennedy Street, the property is a magnet for residents seeking urban convenience. UNLOCK HIDDEN POTENTIAL - Maximize your investment with each unit featuring an enclosed porch, presenting untapped square footage ripe for expansion. By adding extra bedrooms to enhance appeal, you can potentially boost rental income per unit to exceed $3,000, ensuring a robust return on investment. RENT CONTROL EXEMPTION - Escape the constraints of D. C.’s rent control laws, as this asset, comprising fewer than five units, enjoys exemption. With the freedom to adjust rents in tandem with market rates, capitalize on flexibility and profitability for your investment. EQUITY BUILDING AT A DISCOUNT - Seize the opportunity to leverage a variety of tailored loan products ideal for first-time buyers. Occupy one of the vacant units while renting out the remaining three, translating to significantly reduced monthly mortgage payments compared to prevailing market rents for similar units, facilitating accelerated equity growth.
- Listed by Ari Firoozabadi • Greysteel Company LLCP: 2022802722 midatlanticmf@greysteel.com
Property Details for 1222 Missouri Avenue Northwest
Tax ID Number
2937//0009
OwnershipFee Simple
Structure TypeInterior Row/Townhouse
StyleBungalow
WaterfrontNo
GarageNo
Legal Subdivision16th Street Heights
Total Parking Spaces0
Location
Listing Courtesy of Greysteel Company LLC
Add your commute
LISTING UPDATED: 06/27/2024 11:31 AM
Property Details for 1222 Missouri Avenue Northwest
| Status | Active |
|---|---|
| MLS # | DCDC2147704 |
| Days on Market | 14 |
| Taxes | $6,502 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family / Fee Simple |
| Year Built | 1932 |
| Lot Size | 0.03 AC / 1,440 SF |
| County | District of Columbia |
Location
Listing Courtesy of Greysteel Company LLC
Add your commute
Building Information for 1222 Missouri Avenue Northwest
Stories-Residences4Year Built1932Building Size-Lot Size0.03 AC / 1,440 SF
Payment Calculator
$7,091 per month
30 year fixed, 7.25% Interest
Principal and Interest
$6,549
Property Taxes
$542
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 1222 Missouri Avenue Northwest
Location
Location
- In City Limits: Yes
- School District Name: DISTRICT OF COLUMBIA PUBLIC SCHOOLS
- School District County ID: 121140357950
- SchoolDistrictSource: Listing Agent
- County: WASHINGTON
Waterfront / Water Access
Waterfront / Water Access
- Water View: No
- Water Access: No
- Water Oriented: No
- Navigable Water: No
- Tidal Water: No
- Riparian Rights Y/N: No
Taxes and Assessment
Taxes and Assessment
- Tax Year: 2023
- Tax Assessed Value: $764,970
- Year Assessed: 2023
- County Tax: $0
- Improvement Assessed Value: $415,700
- City Town Tax: $6,502
- Land Assessed Value: $349,270
- Clean Green Assessed: No
- Land Use Code: 0
- Zoning: RA-1
- Tax Lot: 9
- School Tax: $0
- Automatically Update Tax Values Y/N: Yes
Unit Information
Unit Information
- Single Room Units Count: 0
- One Bedroom Units Count: 2
- Two Bedroom Units Count: 3
- Three Bedroom Units Count: 0
- Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3
- Units Furnished: None
- Units Leased Count: 2
- Number Of Units Vacant: 2
Multi Family
Unit 1
- Type: Unit 1
- Beds Total: 2
- Full Baths Count: 2
Unit 2
- Type: Unit 2
- Beds Total: 1
- Full Baths Count: 1
Unit 3
- Type: Unit 3
- Beds Total: 1
- Full Baths Count: 1
Unit 4
- Type: Unit 4
- Beds Total: 2
- Full Baths Count: 1
Unit 5
- Type: Unit 5
- Beds Total: 2
Financial Information
Financial Information
- Annual Rental Income: $4,800
Building Info
Building Info
- Building Units Total: 4
- Total Finished SQFT: 3,296.00
- Total Finished SQFT Source: Assessor
- Tax Total Finished SQFT: 3,296.00
- Total SQFT: 3,296.00
- Total SQFT Source: Assessor
- Construction Materials: Brick, Masonry
- Foundation Details: Stone
- Other Structure: Above Grade, Below Grade
Lot / Land Information
Lot / Land Information
- Lot Size Source: Assessor
- Soil Types: Unknown
- Parcel ID: 16047476
Parking
Parking
- Type Of Parking: None
Interior Features
Interior Features
- Fireplace: No
- Accessibility Features: None
Exterior Features
Exterior Features
- Pool: No Pool
Utilities
Utilities
- Heating: Yes
- Cooling Type: None
- Cooling Fuel: Electric
- Heating Type: Hot Water
- Heating Fuel: Natural Gas
- Hot Water: Natural Gas
- Water Source: Public
- Sewer Septic: Public Sewer
Confidential Data
Listing Office
- List Agent AOR: None chosen (Non-REALTOR/Stockholder)
Property History for 1222 Missouri Avenue Northwest
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1222 Missouri Avenue Northwest
Taxable ValueLand$349,270Additions$415,700Total$764,970
Tax Record2023$6,680 ($557 / month)
Home Facts
Baths4Total Finished SqFt3,296 SqFtAbove Grade Finished SqFt3,296 SqFtStories2Lot Size1,440 SqFtStyleMulti-Family Dwelling (2-4)Year Built1932ZoningRA-1CountyDISTRICT OF COLUMBIAAPN2937 0009
Schools near 1222 Missouri Avenue Northwest
This home is within District Of Columbia Public Schools.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Excel Academy PublicPK to 8 | ||
Coolidge High School Public9 to 12 | ||
Ballou STAY High School Public9 to 12 | ||
Ron Brown College Preparatory High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Greysteel Company LLC
© 2024 Bright MLS. All rights reserved. All information is deemed reliable, but accuracy is not guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated on 06/27/2024 11:31 AM