3 bedrooms |
2 full baths
Year Built: 1941
ACTIVE UNDER CONTRACT
THIS IS A WONDERFUL FIXER-UPPER INVESTMENT (*OPPORTUNITY ZONE*, see below) OR OWNER OCCUPANT PROPERTY ON A LOVELY TREE-LINED, HOMEOWNER BLOCK. 2 LARGE BEDROOMS ON THE TOP FLOOR; 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 $489K, EST. (THE CONNECTED PROPERTY NEXT DOOR, SAME SF SOLD FOR $495K) PROPERTY HAS GREAT POTENTIAL, BUT NEEDS WORK. DATED BATHROOMS AND KITCHEN. GREAT BONES. Property Being Sold Strictly As-Is. Plat attached: Image 6. 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... Seller prefers KVS Title, which is offering a $250 closing credit to Buyer. Title work completed. TOPA Process Completed 1/16/24. Market rent, $2200. Property has 1 conventional (non-HCVP, non-Section 8) tenant paying $1,500 per month, plus all utilities (gas, water and electric). Solid rent payment history. Tenant is on a month-to-month lease; lives with 1 "authorized occupant" adult relative; and no rent increases have ever been levied. Pictures include Before Tenant Moved in and Current Condition, as Tenant never contacted Landlord to complain or report any issues for numerous years. BUYER FULLY RESPONSIBLE FOR THEIR OWN DUE DILIGENCE.
Property Details
MLS #
DCDC2121516
Property Type
Residential
Listing Status
ACTIVE UNDER CONTRACT
Listing Price
$305,000
Year Built
1941
Lot Acreage
NA
Subdivision
CONGRESS HEIGHTS
City
WASHINGTON
County
WASHINGTON
Water Source
Public
Sewer
Public Sewer
Zoning
R-3
Exterior Details
Home Type
Twin/Semi-Detached
Style
Colonial
Features
Sidewalks,
Street Lights
Parking
On Street
Interior Details
Interior Space
1744 sq ft
Heating
Natural Gas - Radiator
Cooling
None - Central A/C,Window Unit(s)
Hot Water
Natural Gas
Basement
Unfinished,Connecting Stairway,Daylight, Full,Windows,Walkout Le
Accessibility Features
None
Financial Details
County Tax
$2,627.70
Special Tax Assessment
$0
Tax Year
2023
Total Assessment
$318,400
Total Taxes
$2,628
Listing Courtesy of
Listing Office
Bennett Realty Solutions
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