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3001 CHANNING STREET
Washington, DC 20018
Quick Facts
- Bedroom:5
- Baths:2
- Area:5000sq ft
- Style:Other
- Year Built:1925
- Lot Size:0.33 acres
Description:
Asking Price: $849,000 Discover an incredible investment opportunity with this property offering significant potential. The existing home spans 5,000 sq ft and includes 5 bedrooms and 2 bathrooms. It is a blank canvas, needing a full rehab down to the studs. An added bonus is the garage, which has the potential to be converted into an Accessory Dwelling Unit (ADU). The property sits on four plots totaling 14,300 sq ft, providing ample space for various development options. Investment Opportunities: Rehab & Convert: Rehab the current home and convert the garage into an ADU. Rehab quotes are estimated at $250,000, with an After Repair Value (ARV) of approximately $1.5 million. New Construction: Alternatively, you can build 2-3 duplexes on the land, with each unit having a resale value of around $950,000. Legal and contractor consultations have already been completed, and an architect and contractor are ready to start the project. This property offers a unique chance to maximize your return on investment through either rehabilitation or new construction. Don’t miss out on this exceptional opportunity!
| Status | Active |
| Added to RealtyWatch | July 24, 2024 - 153 days ago |
| Listing Office | NetRealtyNow.com, LLC, Thomas S Hennerty |
| MLS ID | DCDC2151816 |
Schedule a Showing
Interior
- Basement: Full
- A/C: None
- Heating: None
- Fireplace: Fireplace, Fireplaces: 1
- Disability Feature: None
Exterior
- General: Above Grade,Below Grade
- Style: Other
Construction
- General: Other, 3
Location
- Originating MLS: BRIGHT_MAIN
- School District: DISTRICT OF COLUMBIA PUBLIC SCHOOLS
- County: WASHINGTON
Lot
- Zoning: R, 4360//0808
- Current Use: 0
Utilities
- Water: Public
- Sewer: Public Sewer
Financial
- Source: BRIGHT_MAIN
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