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$3,600,000
47 Days On Site

1833 Swann St NW
Washington, DC 20009

For Sale|Residential Income|Active
17
Beds
0
Full Baths
0
Partial Baths
5,671
SqFt
$635
/SqFt
1941
Built
County:
WASHINGTON
Listing courtesy of Horvath & Tremblay MD, LLC
Call Now: 301-793-3614
Is this the home for you? We can help make it yours.
301-793-3614
1833 Swann St NW1833 Swann St NW1833 Swann St NW1833 Swann St NW
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1833 Swann Street NW is a recently gut-renovated 100% vacant 9-unit multifamily building located in the heart of Dupont Circle. The 5,671-square-foot turnkey building is comprised of a unit mix of one (1) one-bedroom unit and eight (8) two-bedroom units. Turnkey Asset: Each of the building’s nine units are all-electric and feature central A/C, stainless steel appliances, quartz countertops in the kitchens, LED lighting, LVT flooring, in-unit washer and dryers, and individual water heaters. The building itself features a new Yale Wireless Entry System, a Wi-Fi connected security system, a new TPO roof, refurbished windows, and new carpeting in the common areas. The turnkey nature of the asset will limit any upfront costs that a buyer will have to occur allowing them to spend their time focusing on curating a lease-up process to their liking. Coveted Blue Chip Location: 1833 Swann is located in Dupont Circle, an amenity-rich neighborhood with public transportation (Dupont Circle Metro Station), retail, restaurants, cafes, parks, gyms, and grocery stores all within walking distance. Strong Rental Submarket & Flexibility in Investment Strategy: Renovated one-bedroom and two-bedroom units in the Dupont Circle neighborhood of Northwest DC can achieve well into the $5’s per square foot in rent. On a rent figure basis, one-bedrooms that range in size from 450-550 square feet have been proven to be able to achieve $2,500+ per month and two-bedrooms that range in size from 600-700 square feet have been proven to be able to achieve $3,100+ per month. The fact that the building is vacant and renovated also presents flexibility for multiple rental models such as furnished rentals, student housing, subsidized housing (HCVP), market-rate, or even housing dedicated towards satisfying an organization’s needs to host specific clientele. 100% Vacant - Not Subject to TOPA: The building’s nine units are unoccupied, which means the sale will not be subject to the Tenant Opportunity to Purchase Act (TOPA). This makes transaction timelines more predictable, and a buyer can have the confidence in the opportunity to close on the property without uncertain timelines or impediments.

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Listing Snapshot
Price 
$3,600,000
Days On Site 
47 Days
Bedrooms 
17
Inside Area (SqFt) 
5,671 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.08 Acres
Year Built 
1941
MLS® Number 
DCDC2167614
Status 
Active
Property Tax 
$17,254.41
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 months agoListing updated with changes from the MLS®
2 months agoListing first seen on site
General Features
Acres 
0.08
Parking 
On Street
Sewer 
Public Sewer
SqFt Total 
5671
Style 
Other
Water Source 
Public
Interior Features
Appliances 
Electric Water Heater
Cooling 
Central Air
Heating 
Forced AirElectric
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Exterior Features
Construction Details 
Brick
Community Features
School District 
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Schools
School District
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Horvath & Tremblay MD, LLC



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Neighborhood & Commute
Source: Walkscore
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