1833 Swann Street Northwest
Washington, DC 20009
$3,600,000
Price
—
Beds
5,671 Sq. Ft.
$635 / Sq. Ft.
5,671
Sq. Ft.
$635
per Sq. Ft.
Description
1833 Swann Street NW is a recently gut-renovated 100% vacant 9-unit multifamily building located in the heart of Dupont Circle. The 5,671-square-foot turnkey building is comprised of a unit mix of one (1) one-bedroom unit and eight (8) two-bedroom units. Turnkey Asset: Each of the building’s nine units are all-electric and feature central A/C, stainless steel appliances, quartz countertops in the kitchens, LED lighting, LVT flooring, in-unit washer and dryers, and individual water heaters. The building...1833 Swann Street NW is a recently gut-renovated 100% vacant 9-unit multifamily building located in the heart of Dupont Circle. The 5,671-square-foot turnkey building is comprised of a unit mix of one (1) one-bedroom unit and eight (8) two-bedroom units. Turnkey Asset: Each of the building’s nine units are all-electric and feature central A/C, stainless steel appliances, quartz countertops in the kitchens, LED lighting, LVT flooring, in-unit washer and dryers, and individual water heaters. The building itself features a new Yale Wireless Entry System, a Wi-Fi connected security system, a new TPO roof, refurbished windows, and new carpeting in the common areas. The turnkey nature of the asset will limit any upfront costs that a buyer will have to occur allowing them to spend their time focusing on curating a lease-up process to their liking. Coveted Blue Chip Location: 1833 Swann is located in Dupont Circle, an amenity-rich neighborhood with public transportation (Dupont Circle Metro Station), retail, restaurants, cafes, parks, gyms, and grocery stores all within walking distance. Strong Rental Submarket & Flexibility in Investment Strategy: Renovated one-bedroom and two-bedroom units in the Dupont Circle neighborhood of Northwest DC can achieve well into the $5’s per square foot in rent. On a rent figure basis, one-bedrooms that range in size from 450-550 square feet have been proven to be able to achieve $2,500+ per month and two-bedrooms that range in size from 600-700 square feet have been proven to be able to achieve $3,100+ per month. The fact that the building is vacant and renovated also presents flexibility for multiple rental models such as furnished rentals, student housing, subsidized housing (HCVP), market-rate, or even housing dedicated towards satisfying an organization’s needs to host specific clientele.
100% Vacant - Not Subject to TOPA: The building’s nine units are unoccupied, which means the sale will not be subject to the Tenant Opportunity to Purchase Act (TOPA). This makes transaction timelines more predictable, and a buyer can have the confidence in the opportunity to close on the property without uncertain timelines or impediments.
100% Vacant - Not Subject to TOPA: The building’s nine units are unoccupied, which means the sale will not be subject to the Tenant Opportunity to Purchase Act (TOPA). This makes transaction timelines more predictable, and a buyer can have the confidence in the opportunity to close on the property without uncertain timelines or impediments.
- Listed by Christian Barreiro • Horvath & Tremblay MD, LLCP: (202)-534-3003 cbarreiro@htapartments.com
Property Details for 1833 Swann Street Northwest
Tax ID Number
0132//0828
OwnershipFee Simple
Structure TypeTwin/Semi-Detached
StyleOther
WaterfrontNo
GarageNo
Legal SubdivisionOld City 2
Central AirYes
LISTING UPDATED: 11/07/2024 11:57 AM
Property Details for 1833 Swann Street Northwest
| Status | Active |
|---|---|
| MLS # | DCDC2167614 |
| Days on Market | 42 |
| Taxes | $17,254 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family / Fee Simple |
| Year Built | 1941 |
| Lot Size | 0.08 AC / 3,420 SF |
| County | District of Columbia |
Building Information for 1833 Swann Street Northwest
Stories-Residences4Year Built1941Building Size-Lot Size0.08 AC / 3,420 SF
Property Information for 1833 Swann Street 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: 2025
- Tax Assessed Value: $2,029,930
- City Town Tax: $17,254
- Zoning: RA-2/DC
- Tax Lot: 828
- Automatically Update Tax Values Y/N: No
Unit Information
Unit Information
- Single Room Units Count: 0
- One Bedroom Units Count: 1
- Two Bedroom Units Count: 8
- Three Bedroom Units Count: 0
- Number Of Units Vacant: 9
Building Info
Building Info
- Year Major Reno Remodel: 2023
- Building Units Total: 4
- Total Finished SQFT: 5,671.00
- Total Finished SQFT Source: Estimated
- Total SQFT: 5,671.00
- Total SQFT Source: Estimated
- Construction Materials: Brick
- Foundation Details: Other
- Other Structure: Above Grade
Lot / Land Information
Lot / Land Information
- Lot Size Source: Estimated
- Soil Types: Urban Land-Sassafras-Chillum
- Parcel ID: 15968810
Parking
Parking
- Type Of Parking: On Street
Interior Features
Interior Features
- Accessibility Features: None
Exterior Features
Exterior Features
- Pool: No Pool
Utilities
Utilities
- Heating: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric
- Heating Type: Forced Air
- Heating Fuel: Electric
- Hot Water: Electric
- Water Source: Public
- Sewer Septic: Public Sewer
Property History for 1833 Swann Street 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 1833 Swann Street Northwest
Taxable ValueLand$1,046,790Additions$497,340Total$1,544,130
Tax Record2024$14,438 ($1,203 / month)
Home Facts
Total Finished SqFt5,671 SqFtAbove Grade Finished SqFt5,671 SqFtStories2Lot Size3,420 SqFtStyleMulti-Family Res (5+ Units)Year Built1941ZoningRA-2/DCCountyDISTRICT OF COLUMBIAAPN0132 0828
Schools near 1833 Swann Street 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 |
|---|---|---|
Oyster-Adams Bilingual School PublicPK to 8 | ||
Jackson-Reed High School Public9 to 12 | ||
Benjamin Banneker High School Public9 to 12 | ||
School Without Walls 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 Horvath & Tremblay MD, 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 11/07/2024 11:57 AM