642 East Capitol St Ne

Exquisite 4-Story Victorian with Carriage House/Garage overlooking Capitol Hill's premier boulevard---East Capitol Street---in the heart of the Hill's Historic District. Located 6 blocks from the US Capitol and Congress, 5 blocks from the Supreme Court and the Library of Congress and the Shakespeare Library, together it offers over 5,000 sq feet of unparalleled elegance, modern convenience and investment potential. It was completely renovated and remodeled as four self-contained 2 bedroom 2 bath units...each unit boasts its own HVAC, washer/dryer, gas fireplace, and beautifully appointed kitchen and baths. Built in the 1890's, it features wonderfully preserved details that no new build or renovation can possibly approach...high ceilings, gorgeous plasterwork, stained glass and magnificent floors and original chestnut woodwork hand rubbed to a silken finish. There is a certificate of occupancy for 4 legal rental units and each is presently tenanted. The carriage house/garage was remodeled and made habitable but is not a rental unit. It offers the potential as a 5th rental unit and additional income if the buyer wishes to secure City approval. Today it is the perfect turn-key investment with immediate rental income. One could easily convert it to a single family home with and English Basement rental unit and or use the entire property. There is the potential to condo the property and maximize your investment return. 642 East Capitol Street is unmatched in its beauty, location and versatility. Whether you are looking for a primo investment or a luxurious home, this Victorian Grande Dame offers endless possibilities. It is offered for sale as part of a 1031 Tax Deferred Exchange.