About 2303 S St Se
***PRICE REDUCTION $599,000***EXCELLENT OPPORTUNITY FOR INVESTOR OR FIRST TIME HOMEBUYER***Welcome to 2303 S Street SE a FOUR unit apartment building located in the subdivision of Randal Heights, Washington DC. At current, each unit offers 1 bedroom/1 bath. Lot size: 5,437 s/f; Zoning R-3; Total building s/f of 2,592. Off-street parking for 2+ vehicles. Two units are “turnkey” with updated flooring, freshly painted and stainless-steel appliances. Exterior in need of some repairs. Excellent investment property. BUILDING IS FULLY DETACHED. EASY CONVERSION TO 2-BEDROOM UNITS WITHOUT ADDING TO FOOTPRINT. Potential fair market rent per unit is $1,500 per month. Expenses: Property Taxes $5,200; Maintenance Fees $6,000; Management Fees: $6,000; Property Insurance: $4,800; Reserves: $8,000; NOI: $42,000; Cap Rate: 7%. BUILDING IS VACANT.
Features of 2303 S St Se
| MLS® # | DCDC2196686 |
|---|---|
| Price | $599,900 |
| Bathrooms | 0.00 |
| Square Footage | 2,592 |
| Acres | 0.12 |
| Year Built | 1956 |
| Type | Multi-Family |
| Sub-Type | Quad, Detached |
| Style | Traditional |
| Status | Active |
Community Information
| Address | 2303 S St Se |
|---|---|
| Subdivision | MARSHALL HEIGHTS |
| City | WASHINGTON |
| County | WASHINGTON-DC |
| State | DC |
| Zip Code | 20020 |
| Senior Community | N |
Amenities
| Parking Type | Off Street |
|---|---|
| Is Waterfront | No |
| Pool Type | No Pool |
Interior
| Heating | Radiator |
|---|---|
| Cooling | None |
| Fireplace | No |
| Has Basement | No |
| Central Air | N |
Exterior
| Exterior | Brick and Siding |
|---|---|
| Style | Traditional |
| New Construction | N |
| Foundation | Block |
School Information
| District | DISTRICT OF COLUMBIA PUBLIC SCHOOLS |
|---|
Additional Information
| Date Listed | May 17th, 2025 |
|---|---|
| Days on Market | 101 |
| Zoning | R3 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Coldwell Banker Realty - Washington |
|---|---|
| Contact Info | 2023876180 |