$800,000
$849,999
5.9%For more information regarding the value of a property, please contact us for a free consultation.
5,511 Sqft Lot
SOLD DATE : 05/09/2024
Key Details
Sold Price $800,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Subdivision Deanwood
MLS Listing ID DCDC2115230
Sold Date 05/09/24
Style Dwelling with Rental
Originating Board BRIGHT
Year Built 1953
Annual Tax Amount $5,769
Tax Year 2022
Lot Size 5,511 Sqft
Acres 0.13
Property Description
**INVESTOR’S DREAM: Prime Real Estate Opportunity with Impeccable Potential** Are you seeking a transformative investment opportunity in the heart of a rapidly developing community? Look no further! This exceptional property is INVESTOR-READY and BRIMMING with potential. Here's why this investment should not be missed. The groundwork is already laid with meticulously crafted architectural drawings **Architectural Drawings for improvements on the property to add two additional units to the already existing layout of four units, plus build upwards on the current foundation which has already been reviewed and all documentation needed for permits have been obtained. You have the green light to add two additional units and build upwards on the existing foundation. Say goodbye to the bureaucratic red tape, and hello to accelerated progress. **Solid Foundation & Soil Testing** Safety is paramount, and this property has passed rigorous soil and foundation testing. Your investment is grounded on a solid, verified foundation, ensuring long-term structural integrity. **Private Alley & Parking** Convenience and exclusivity go hand in hand with a private alley and designated parking for occupants. Parking space is a prized asset in urban locales, adding value and desirability to your investment. **Mixed-Use Commercial Property** Versatility is your ally. This property boasts mixed-use capabilities, opening doors to diverse revenue streams. Whether it's apartments, a laundromat, or a combination of both, you're in control of your investment's destiny. BEST PART YET - **Vacant & Ready for Renovation** No tenant-related delays or disruptions. The property is vacant, awaiting your vision and transformation. Get started on your investment journey without hesitation. Perfect Location** Situated in the highly sought-after Deanwood Community, conveniently accessible via highways, metro stations, and city roads. The 295 exit to Nannie Burroughs is just around the corner. Embrace the advantages of a burgeoning community with ample potential for growth. Proximity to Transportation** With the Minnesota Avenue, Benning Road, and Deanwood Metro Stations nearby, this property offers excellent commuter access. Plus, major arteries like 295, 395, Anacostia Freeway, New York Avenue, and Benning Road are within easy reach. Surging Development**: Ride the wave of progress. The surrounding area is witnessing rapid development, making this investment not just a choice but a strategic move for the future. This property is presented as-is, granting you the freedom to craft its future. If you're a savvy investor seeking an opportunity brimming with potential and located in one of the most promising communities, don't let this slip through your fingers.
Location
State DC
County Washington
Zoning MU-3A
Interior
Hot Water Natural Gas
Heating Heat Pump - Gas BackUp
Cooling Central A/C
Fireplace N
Heat Source Natural Gas
Exterior
Utilities Available Natural Gas Available
Water Access N
Accessibility Other
Garage N
Building
Foundation Crawl Space
Sewer Public Sewer
Water Public
Architectural Style Dwelling with Rental
Additional Building Above Grade, Below Grade
New Construction N
Schools
Middle Schools Kelly Miller
School District District Of Columbia Public Schools
Others
Tax ID 5125//0912
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional, FHA 203(k)
Listing Terms Cash, Conventional, FHA 203(k)
Financing Cash,Conventional,FHA 203(k)
Special Listing Condition Standard
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Bought with Elbert J Graves Jr. • Samson Properties
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "