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LongandFoster.com


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Long & Foster
Real Estate
1680 Wisconsin Ave.
Washington, DC 20007
phone (202) 944-8400
fax (202) 944-8424
Cell: (202) 441-7008

770-A Princeton Pl., NW
Columbia Heights
Washington, DC
$430,000

This property can be great for investors!  Located in the hot Petworth neighborhood, the house is just a few blocks from the Petworth metro and the commercial center on Georgia Avenue.  770 Princeton is one of a row of houses that was gutted and completely redone top-to-bottom in 2001.  The house has two units and is zoned R4 for 2-units.  The upstairs currently rents for $1600 and the lower level apartment currently rents for $825.  This give a buyer the potential to generate positive cash flow immediately!  The upstairs unit has 3 bedrooms and 2 full baths on the second floor, and a half bath on the main level.  The open floor plan offers a nice flow and a feeling of spaciousness, with the living room and dining room connecting, and a kitchen that opens to the dining area, with a sitting/TV room in the back.  There is a rear deck with a small off-street parking space underneath.  The lower level is a fully separate unit with full size bedroom and bath.  Convert it to owner-occupied, with rental income from the basement, or keep the tenants to generate some income and watch the price appreciation in the neighborhood!



 

Christopher Jones
202-441-7008
chris.jones@longandfoster.com