2,958 SqFt
2,958 SqFt
Key Details
Property Type Multi-Family, Townhouse
Sub Type End of Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 2,958 sqft
Price per Sqft $473
Subdivision Trinidad
MLS Listing ID DCDC2202968
Style Colonial
Abv Grd Liv Area 2,958
Year Built 1940
Available Date 2025-06-05
Annual Tax Amount $8,817
Tax Year 2024
Lot Size 3,234 Sqft
Acres 0.07
Property Sub-Type End of Row/Townhouse
Source BRIGHT
Property Description
FOUR-UNIT TURNKEY BUILDING – DELIVERED VACANT –
THE OPPORTUNITY:
1254 Meigs Place NE is a beautifully renovated four-unit apartment building located in the vibrant Trinidad neighborhood of Northeast Washington, D.C. The property features three-bedroom units with brand-new finishes and appliances, and will be delivered 100% vacant, allowing for an easy transaction and total leasing flexibility. This is an exceptional opportunity for both live-in buyers and savvy investors looking to own in one of D.C.'s most promising up-and-coming areas.
TURNKEY ASSET:
With no deferred maintenance and all major systems updated, new ownership will benefit from minimal capital expenditures for years to come.
TOPA-EXEMPT & DELIVERED VACANT:
Because the property is being delivered vacant, it is exempt from D.C.'s TOPA process, allowing for a quick and streamlined closing. New ownership can screen and select their own tenants, maximizing rental income from day one.
RENT CONTROL EXEMPT:
With fewer than five units, 1254 Meigs Place NE is exempt from D.C.'s rent control regulations, providing greater flexibility in setting market-based rents and ensuring efficient property management.
LIVE FREE OR CASH FLOW:
Whether you're looking to live in one unit and rent out the others or lease all four for maximum income, this property offers unmatched versatility. A live-in buyer can build equity while significantly reducing their housing costs. Investors can generate immediate returns in a neighborhood with strong rental demand. This will be one of the few fully renovated, vacant, three-bedroom, four-unit buildings available.
Location
State DC
County Washington
Zoning RF-1
Interior
Hot Water Electric
Heating Forced Air
Cooling Central A/C
Fireplace N
Heat Source Electric
Exterior
Water Access N
Accessibility 32\"+ wide Doors
Garage N
Building
Foundation Other
Sewer Public Sewer
Water Public
Architectural Style Colonial
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Tax ID 4055//0236
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional, FHA, VA, Negotiable
Listing Terms Cash, Conventional, FHA, VA, Negotiable
Financing Cash,Conventional,FHA,VA,Negotiable
Special Listing Condition Standard
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