Dupont Grande Dame Available Off Market: 3 Units and 2-car parking for $2.495M

3-UNIT GRANDE DAME WITH TWO MASTER UNITS, BACK PATIO & TWO CAR PARKING ON DUPONT’S LOVELIEST STREET!

Live in one unit and rent the other two for more than half your mortgage paid! Or rent all three at a profit (depending on downpayment and rate).

  • 1 first floor/lower level unit with 3BR/2.5BA, around 2200 sq ft
  • 1 second/third floor unit with 2BR/2.5BA, around 1600 sq ft and two-story living room with stunning stained glass window, open kitchen and dining area, plus a gorgeous master bedroom with palladian window overlooking 19th Street
  • 1 studio unit on second floor with bathroom and small kitchenette area

2-car outdoor parking, and brick patio, balcony and deck, all accessible to both master units. Plus, it’s zoned RA-8 for lots of options: no limit to the number of units available.

What about AirBnB laws — aren’t they changing?
Maybe. There is a law on the books that you must live in one unit to be able to rent another unit within the building. But that law has not been fleshed out with actual regulations, and there is no enforcement provision in place. So for the time being, you could probably rent all three units on AirBnB for as much as $825 per night per unit (see this one for an example!). And if the law does go into effect, you can still live in one unit and rent the other two out. I would suggest the upper unit, which has two bedrooms, and then if you have the need for more than one spare bedrooms, you can reserve the front-facing studio for your own use.

What’s my favorite part of this house?
There is a lot to choose from! First, the location is unbeatable: it’s on one of my favorite streets in Dupont Circle, close to Metro, great restaurants (Sette, Bistrot du Coin, La Tomate and more!) and just flush with green trees and gorgeous Victorian homes. The parking and outdoor space is fantastic, and the two-story living room with stained glass window is super cool. But my favorite part is actually the upper level master suite, complete with a fireplace, original glass window and heart-pine floors, plus an ensuite bathroom with double vanity and skylight. It’s just a perfect oasis to relax in.

Why isn’t this on the market?
The owner is considering a move but not completely committed. So it’s a “pocket” listing for now, until their plans firm up. That means the likelihood of competing for it are lower, making it a perfect home to bid on!

How much would I need to have to buy this?
Talk to your lender, but it’s likely you may only need 10% to put down to buy this home. If you want a great recommendation for lenders, check out our selection at www.bediz.com/resources!

 

Call, text or email for a private appointment today!
202 352 8456 or david@bediz.com