$ 275,000
-
$275,000
Price -
3
Bed -
2
Bath -
1,744
SqFt
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About the Listing EXBR1 - 97973
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!!!
Listing Highlights
Status
Active
Days on Site
739
Property Type
Residential
MLS ®
DCDC2121516
Year Built
1941
Total Square Footage
1,744
Lot/Acreage
0.06
Interior Details
- Bedrooms: 3
- Bathrooms: 2 Full
- Appliances:
- Air Cond: Central A/C,Window Unit(s)
- Heating: Radiator
- Fireplaces: 1, Mantel(s),Brick,1 Fireplace
- Floor:
- Above Ground Sq Ft: 1284
- Below Ground Sq Ft: 460
- Basement: Unfinished,Connecting Stairway,Daylight,Full,Windows,Walkout Level,Walkout Stairs,Rear Entrance
- Other: Floor Plan - Traditional,Formal/Separate Dining Room
- Water: Public
Exterior Details
- Lot Description: Front Yard,SideYard(s),Rear Yard,Landlocked,Not New Construction,Horse Property: No,In City Limits
- Garage Capacity: N/A
- Zoning: R-3
- Roof:
- Others: Awning(s),Sidewalks,Street Lights,Average
- Sewer: Public Sewer
- Parking Features: Paved Parking,Public,On Street
Financial Details
- Tax Amount: $2,628
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2023
Payment Calculator
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Questions About..
507 Oakwood St SE Washington, DC 20032
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