646 Orleans Place NE,
Washington,
DC
20002
Welcome to 646 Orleans Place NE, a fantastic opportunity to own a stunning two-unit building in NOMA, a highly sought after neighborhood of Washington, DC. This well-maintained property is situated on a one-way street, and offers a versatile layout making it an excellent investment opportunity or a perfect home with rental income. Don't miss out on this remarkable chance to own a piece of DC real estate! Enjoy the convenience of being just seconds away from vibrant city life while still residing in a tranquil residential area. With easy access to major highways, public transportation, and a variety of amenities, this location is ideal for those seeking a balanced urban lifestyle. Property Highlights: Two-Unit Building: This property consists of two units with separate entrances and separately metered, there is no common area to maintain, offering the flexibility to live in one unit and rent out the other or utilize both as income-generating investments. Impressive Income: The current ACTUAL income generated by both units is $80,928/year, delivering a cap rate of 6.8%. Well-Maintained: The building has been meticulously cared for by the owner and their excellent tenants. Spacious Interiors: Each unit features generous spaces with ample natural light, allowing for comfortable living. Modern Amenities: Enjoy the convenience of updated kitchens, bathrooms, and modern fixtures throughout, providing a contemporary and stylish living experience. Outdoor Space: The property includes three outdoor spaces; a charming rear ground level deck, 2nd story deck ideal for cooking out or outdoor gatherings, and brick paved front porch area perfect for chats with neighbors or admiring the majestic oaks which line the quiet one-way street. Convenient street parking is available, providing ease and peace of mind for residents and their guests. Located in the unique and vibrant community of NOMA, Washington, DC, this property offers an abundance of nearby amenities. Discover a wide array of restaurants, cafes, boutiques, and entertainment options within walking distance. Explore the nearby parks, green spaces, and recreational facilities for outdoor activities and relaxation. With the rich history, cultural attractions, and renowned landmarks of the nation's capital just a short distance away, there's always something new to explore and experience. With its attractive location and two-unit setup, this property presents an excellent investment opportunity. Unit A is a 2 bedroom 1 bath and Unit B is a 3 bedroom 1 bath. Rent out both units to maximize rental income or occupy one unit and rent out the other to supplement your mortgage payments. The versatility of this building and extremely low maintenance costs and make it a smart choice for investors and homeowners alike. Don't miss your chance to own this exceptional two-unit building in Washington, DC. Contact us today to schedule a viewing and seize this incredible opportunity.
This is an Active listing.
Broker Office Phone Number: 202-386-6330
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