tomo logo

$900,000

Beds
12
Baths
5.0
sq ft
4,007

407 Lebaum St SE, Washington, DC 20032

407 Lebaum St SE

WASHINGTON, DC 20032

  • 35 days on market
Four Unit Multi Family Property with tremendous investment opportunity. Three 2 Bedroom/1 Bathroom units, One 6 bedroom/2 bathroom unit, and a unility room that offers 2 brand new washer/dryer units. All 4 units have updates to some of the mechanicals and cosmetics. Current owner purchased the property that was unhabitable and made it ready for rent. Occupancy certificates have been provided. All 4 units are separtely metered and vacant. Ready to be rented and used as a cash flowing property. Pro Forma rents are estimated at $7,900 monthly and building allows for very low owner expenses. Please contact the listing agent for more information.

Details

Property type

Single Family Residence

Lot size

4,443 sq ft

Price per sq ft

$225

Year built

1943

Annual property taxes

$4,018

HOA

No

Price History

02/28/2025
Bright

Bright #DCDC2187342

Listed
$900,000
+23.54%
04/17/2024
Bright

Bright #DCDC2092904

Sold
$728,500

Schools & Community

Neighborhood: 

Congress Heights

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Independence One Mortgage Corp

Loan start date

May 1994

Original loan amount

$92,150

Est. remaining balance

Not provided

Interest rate

8.04%

Loan type

Commercial

Seller

Kenneth O Ofosu

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 04/04/2025 at 6:40 PM

Listing updated: 02/28/2025 at 2:39 PM

Listed by: Robert Tarzy, LuxManor Real Estate, Inc Phone #: (301) 986-8000

MLS: Bright #DCDC2187342

Bright logo

Recently listed in WASHINGTON