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$1,300,000

Beds
2
Baths
1.5
sq ft
2,213

7305 Georgia Ave NW, Washington, DC 20012

7305 Georgia Ave NW

WASHINGTON, DC 20012

  • 155 days on market
Established, modern 2-level mixed-use building located in a prime business location with booming development all around. Prominently situated within walking distance to the all-new multi-phase development; The Parks at Historic Walter Reed with a new Whole Foods Market. The upper level offers a fully remodeled open floor plan unit with 2 bedrooms, 1 den, 1 full bath, an attractive open kitchen with stainless steel appliances (two ovens), granite countertops, large center island with granite, hardwood floors, stacked washer and dryer, trendy metal stair railing – urban charm! The exterior offers a large private deck, 1 parking space in the rear of the building, and ample street parking. There is also a basement area where the utilities are housed. Strong potential for increased foot traffic and values as part of the vibrant and progressing Brightwood neighborhood. This turn-key property is subject to one residential lease through February 2024. The retail space is vacant. The updated storefront unit is built out as a hair salon that originally opened in 1999 and remodeled in 2012 but can be converted into another business type. It currently features a large open space with LVP flooring, modern lighting, 6 stylist stations, an esthetician station, 3 shampoo stations and multiple hair drying stations, a half bath, and a staff lounge/storage area. Units are separately metered. This offering is a rare opportunity to acquire a self-sufficient real estate investment. Are you a seasoned stylist or business owner and ready to step into your destiny of living upstairs and working downstairs running your salon or other business? Or are you savvy buyer who can live upstairs and collect rent from a tenant downstairs to pay a portion of your mortgage. Property being sold AS-IS. Showings require 24 hours’ notice. All showings are by appointment.

Details

Property type

Condominium

Lot size

1,571 sq ft

Price per sq ft

$588

Year built

1927

Annual property taxes

$8,690

HOA

No

Price History

07/01/2024

Bright #DCDC2125340

Listed
$1,300,000
07/01/2024

Bright #DCDC2125340

Removed
$1,300,000
01/30/2024

Bright #DCDC2125340

Listed
$1,300,000

Schools & Community

Neighborhood: 

Takoma

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

Velocity Commercial Capital Llc

Loan start date

December 2020

Original loan amount

$483,000

Est. remaining balance

Not provided

Interest rate

2.8%

Loan type

Commercial

Seller

Bryan J Bennett

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: 07/03/2024 at 11:40 AM

Listing updated: 07/01/2024 at 10:27 AM

Listed by: Nyya Wellington Bance, Long & Foster Real Estate, Inc. Phone #: (301) 388-2600

MLS: Bright #DCDC2125340

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