7 15TH Street SE

Description

*Open House on February 18, 2023 from 12pm-2pm - BY APPOINTMENT ONLY. NO WALK-INS. We are also practicing COVID SAFETY GUIDELINES, Masks on at all times. Agent will accompany each tour. Thank you in advance.Welcome to 7 15th St. SE. This charming grand three unit (1 bedroom/ 1 bath) Multi-Family home is a hidden Gem. Located in the East Capitol Hill neighborhood (10 minutes from the Metro and close to Lincoln Park), this home has been attended to and cared for by its current owners while maintaining its architectural characteristics. This would make great for any investor looking to live in one of the units and rent out the other two. This spacious building is also quite attractive to any developer looking to sell each unit separately. Turn-key ready for the next purchaser, this is a solid rental income producing investment. Each unit has a spacious one bedroom (Originally built as a 2 bedroom / 1 bath, each unit can essentially be converted back to 2 bedroom residences to generate additional rental income), ample storage, washer/dryer in the unit, and an open floor plan. The fireplaces are all functioning and properly maintained. This is a RARE find on the market. It was built as apartments originally in 1906 (This is 1 of 4 on the block- the other 3 have been converted to condominiums) and has a current Certificate of Occupancy. Roof was replaced in 2010, Windows have also been replaced within the past 8 years. HVAC system for each unit was updated in 2019. Upon request, we can include the original building permit and Structural Drawings from 2005, when owners were going to connect Unit 1 to the basement to create a two-level 2 Bed unit. The basement was also waterproofed (Documentation will be provided) and additional plumbing was added for future upgrades. Each unit is also metered separately so tenants have been responsible for utilities except water/sewage. The PH unit pictured, houses skylights as well, although each unit encompasses plenty of windows to enable natural light. Please see floor plan which represent units 3 and 2. Unit 1 is similar but without the office.