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Pumsu Lim

stagesite-2.test@chime.me +1(506) 970-3459

$ 239,900

Est. payment | -/mo

3 Beds

2 Baths

1,744 SqFt

Save

$ 239,900

Est. payment | -/mo

Save

3 Beds

2 Baths

1,744 SqFt

Key Details

Property Type Townhouse

Sub Type Twin/Semi-Detached

Listing Status Active

Purchase Type For Sale

Square Footage 1,744 sqft

Price per Sqft $137

Lot Size 2,475 Sqft

MLS Listing ID DCDC2240840

Financing Cash,Private,FHA 203(k),Other

Style Colonial

Subdivision Congress Heights

Bedrooms 3

Full Baths 2

Short Sale No

HOA Y/N N

Originating MLS BRIGHT

Property Description

THIS IS A WONDERFUL FIXER-UPPER "BUY AND HOLD" INVESTMENT (*OPPORTUNITY ZONE*, see below) OR OWNER OCCUPANT PROPERTY ON A LOVELY TREE-LINED, HOMEOWNER BLOCK. TWO (2) LARGE BEDROOMS ON THE TOP FLOOR; ONE (1) DECENT-SIZED BEDROOM IN BASEMENT. BASED ON THE CURRENT CONFIGURATION AND WITH >1900SF OF INTERIOR SPACE. BUYER CAN EASILY ADD ADDITIONAL BEDROOMS AND A 1/2 BATH ON THE MAIN FLOOR, WHICH INCLUDES A BEAUTIFUL WOOD-BURNING FIREPLACE. PROPERTY ALREADY HAS A GOOD BASEMENT CEILING HEIGHT, APPROXIMATELY 7-FEET, NO NEED TO DIG DOWN FOR ADDED VALUE. ARV $425K, EST. (THE CONNECTED PROPERTY NEXT DOOR, SAME SF SOLD FOR $495K a few years ago) PROPERTY HAS GREAT POTENTIAL, BUT NEEDS WORK. DATED BATHROOMS AND KITCHEN. GREAT BONES.
Property Being Sold Strictly As-Is. Reasonably Motivated Seller. INVESTOR ALERT. INVESTOR SPECIAL. Buying and investing in a property in an *OPPORTUNITY ZONE can provide a great opportunity for capital gains tax deferral, reduction and abatement, ETC., possibly even better than the 1031 Exchange, they say... TOPA Process Completed. Market rent, $2200. Property has 1 conventional tenant paying $1,800 per month, plus all utilities (gas, water and electric). GREAT rent payment history. Tenant is on a month-to-month lease. PHOTOS SHOW BEFORE TENANT MOVE-IN years ago (before 2018) AND RECENT CONDITION.
Seller prefers KVS Title, which is very far along in the title clearance process and is offering a $250 closing credit to Buyer. BUYER FULLY RESPONSIBLE FOR THEIR OWN DUE DILIGENCE.
#thisgemcouldbeyours!!!

Location

State DC

County Washington

Zoning R-3

Rooms

Other Rooms Living Room, Dining Room, Bedroom 2, Kitchen, Den, Bedroom 1, Laundry, Storage Room, Utility Room, Bathroom 1, Bathroom 2

Basement Unfinished, Connecting Stairway, Daylight, Full, Windows, Walkout Level, Walkout Stairs, Rear Entrance

Interior

Interior Features Floor Plan - Traditional, Formal/Separate Dining Room

Hot Water Natural Gas

Heating Radiator

Cooling Central A/C, Window Unit(s)

Fireplaces Number 1

Fireplaces Type Mantel(s), Brick

Fireplace Y

Heat Source Natural Gas

1-purchase type For Sale

Exterior

Exterior Feature Porch(es), Deck(s)

Fence Wrought Iron, Decorative, Chain Link, Fully, Rear

Utilities Available Electric Available, Natural Gas Available, Sewer Available

Waterfront N

Water Access N

Street Surface Paved

Accessibility None

Porch Porch(es), Deck(s)

Road Frontage Public

Parking Type On Street

Building

Lot Description Front Yard, SideYard(s), Rear Yard, Landlocked

New Construction N

Story 3

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style Colonial

Story 3

Additional Building Above Grade, Below Grade

Schools

School District District Of Columbia Public Schools

Others

Senior Community No

Tax Amount $2,627

Tax Year 2023

Tax ID 6001//0029

Ownership Fee Simple

SqFt Source 1744

Security Features Window Grills

Acceptable Financing Cash, Private, FHA 203(k), Other

Special Sale Standard

testyfx76

Listed by Nefretiti Makenta • Bennett Realty Solutions

507 OAKWOOD ST SE Washington, DC 20032