Prime Stabilized Investment Opportunity in the Heart of the
$1,200,000
Description
New To Market. This beautiful Victorian 2-unit building is situated in DC’s bustling Shaw neighborhood and just 2 blocks from the U Street Metro, 3 blocks to the 9:30 club and all that the U Street Corridor, and nearby Howard University have to offer. Residents love the convenience and the central location, making it an excellent long term and stable investment. 1911 8th Street, NW is 2 doors away from a new construction mid-rise development with ground level retail and luxury apartments. Strong NOI on day one, good condition, in a central location. With a 99 Walk Score and located just two blocks from the U Street Metro, this asset is a cornerstone for any serious DC portfolio.
The property features two spacious apartments (a 2BR/1BA and a 3BR/1BA) with three separate electric meters, premium finishes: solid oak hardwoods, granite countertops, stainless steel appliances, and updated systems. Beyond the aesthetics, the true value lies in the stabilized income stream. Occupied by long-term tenants, the building commands a strong NOI, reliably and insulated from market volatility.
Flexibility is a key feature here; currently configured as individual condominiums, it is possible to convert the property back to a single taxable unit to suit the specific investment strategy. Whether looking for a turnkey "buy and hold" or a strategic asset in one of the Washington DC’s most resilient corridors, this building delivers the perfect blend of updated systems and a prime location. Live in one an rent the other "House Hack" is possible here with a 3.5% downpayment FHA loan. Sellers interested in a timely sale.