$875,000
$998,000
12.3%For more information regarding the value of a property, please contact us for a free consultation.
1224 RAUM ST NE Washington, DC 20002
3,916 SqFt
Key Details
Sold Price $875,000
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 3,916 sqft
Price per Sqft $223
MLS Listing ID DCDC2118766
Sold Date 03/29/24
Style Traditional
Abv Grd Liv Area 3,552
Originating Board BRIGHT
Year Built 1936
Annual Tax Amount $7,152
Tax Year 2022
Lot Size 3,672 Sqft
Acres 0.08
Property Description
Price Reduced more than $100K. Now is the time to invest in this wonderful opportunity. Welcome to 1224 Raum St. NE, a fantastic investment opportunity in the heart of Northeast Washington, D.C. This quadruplex building offers not only an income-generating property but also the potential for condo conversion, making it a smart choice for both investors and developers who would like to capitalize on the strong demand for housing in this vibrant neighborhood. The property's location and area revitalization ensures steady appreciation in property values, making it a wise investment choice. The lower level and large backyard could accommodate further development and additional units. 1224 Raum St. NE is vacant and immediately available. Seller is willing to offer a $50,000 credit for roof repairs.
Location
State DC
County Washington
Zoning RF-1
Interior
Hot Water Natural Gas
Heating Radiator, Hot Water
Cooling None
Fireplace N
Heat Source Natural Gas
Exterior
Waterfront N
Water Access N
Accessibility None
Parking Type On Street
Garage N
Building
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Tax ID 4052//0106
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Megan Ferra • Keller Williams Capital Properties