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507 OAKWOOD ST SE
Washington, DC 20032
Quick Facts
- Bedroom:3
- Baths:2
- Area:1744sq ft
- Style:Colonial
- Year Built:1941
- Lot Size:0.06 acres
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!!!
| Status | Active |
| Added to RealtyWatch | January 1, 2024 - 742 days ago |
| Listing Office | Bennett Realty Solutions, Nefretiti N Makenta |
| MLS ID | DCDC2121516 |
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Interior
- General: Floor Plan - Traditional, Formal/Separate Dining Room
- Rooms: Living Room, Dining Room, Bedroom 2, Kitchen, Den, Bedroom 1, Laundry, Storage Room, Utility Room, Bathroom 1, Bathroom 2
- Laundry: Basement, Has Laundry, Dryer In Unit, Washer In Unit, Lower Floor
- Basement: Unfinished, Connecting stairway, Daylight, Full, Windows, Walkout level, Walkout stairs, Rear entrance
- A/C: Central A/C, Window Unit(s)
- Heating: true, Radiator, Natural Gas
- Fireplace: Mantel(s), Brick, Fireplace, Fireplaces: 1
- Disability Feature: None
- Eco/Green Feature: Fireplace wood stove
Exterior
- General: Awning(s), Sidewalks, Street Lights, Above Grade, Below Grade
- Style: Colonial
- Other Structures: Porch, Deck
- Parking: Paved Parking, Public
Construction
- General: Brick, 3, Slab
Location
- Originating MLS: BRIGHT_MAIN
- School District: DISTRICT OF COLUMBIA PUBLIC SCHOOLS
- County: WASHINGTON-DC
Lot
- Zoning: R-3, 6001//0029
- Fencing: WroughtIron, Decorative, ChainLink, Fully, Rear
Utilities
- Utilities: Electric available, Natural gas available, Sewer available
- Water: Public
- Sewer: Public Sewer
Financial
- Source: BRIGHT_MAIN
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