119 53rd St SE
Marshall Heights, Washington, DC 20019
$400,000
Description
119 53rd St SE,
Washington,
DC
20019
Situated in the up-and-coming neighborhood of Marshall Heights, this vacant 4-unit building presents a prime opportunity for developers, investors, or contractors. The property is currently configured with 4 one-bedroom, one-bathroom apartments and needs a complete renovation, offering a variety of potential redevelopment options. Option 1 - Renovate and Rent: Restore the existing units to their full potential and create a steady rental income stream in this rapidly developing area. Option 2 - Convert to Condominiums: With rising demand for homeownership options in the district, the building is a perfect candidate for a condo conversion, allowing for profitable individual unit sales. Option 3 - Create Two Townhouses: The propertys layout provides flexibility to reconfigure the space into two spacious, modern townhouses that will appeal to owner-occupiers or high-end rental markets. Whether you are looking to generate cash flow, flip for profit, or create luxury condos or townhomes, this property offers substantial potential.
Listing By: RE/MAX Allegiance via Data Source: Bright MLS
Kelly Miller
Schools
Kelly Miller
Middle
H.D. Woodson
High
2767419-DCDC2168258
MLS ID
Price History
| date | price | variance | type |
|---|
| 11/20/2024 | $400,000 | - | Listed |
| 10/3/2024 | $475,000 | - | Contract |
| 10/2/2024 | $475,000 | 11.76 % | decreased |
| 4/13/2024 | $575,000 | - | increased |
| 4/13/2024 | $425,000 | - | Listed |
listing agent: Cornelius Henderson
