About 1507 Marion St Nw
Modern Living in a Historic Setting - Beautifully Renovated Two-UnitTownhouse. Step into this stunning, newly renovated, end-unit townhouse with two stylish units, this home offers endless possibilities-- live in one, rent the other, or create an excellent investment opportunity. The Upper Residence has 3 bedrooms, 2 baths, brand new designer kitchen with custom cabinetry, granite countertops, and premium Stainless Steel KitchenAid appliances. Exposed brick walls and soaring ceilings showcase the historic charm. Spacious living and separate dining areas with hardwood floors and recessed lighting throughout. Renovated bathrooms and in-unit washer/dryer in each residence. Private deck--ideal for morning coffee or evening gatherings. Central air conditioning and heating for year-round comfort. The Lower Residence with an additional 744 s.f. of finished space has a Certificate of Occupancy and is separately metered for electric, featuring one bedroom, one bathroom with exposed brick details. New Kitchen with granite countertops and stainless steel appliances. Location is key! Nestled in a vibrant, convenient neighborhood, this home is close to restaurants, markets, the DC Convention Center, METRO, and downtown nightlife.
The investment opportunity of this property has shown, consistently, above-market income for the past 15 years, with the pre-renovation annual NOI of $64,200. The Post-renovation annual NOI is expected to be $77,400, with a CAP RATE of $5.95%. The total finished square footage on the three levels is 2,226.
