1 of 50
3 bd2 baSingle Family
Tools
Size
3
Bedrooms
2
Full Baths
1,744 Sq Ft.
interior
0.06 Acres
Exterior
Financial
$248,500
Change Currency
$142
Price Per Sqft
$2,628
Annual taxes
Listing Details
Single Family
Property type
1941
Year Built
7277607
Web Id
DCDC2121516
MLS ID
280
Days Posted
Description
507 Oakwood Street SE,
Washington,
DC
20032
Washington, DC 20032
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. 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. Pictures include Before Tenant Moved in and Current Condition, as Tenant never contacted Landlord to complain or report any issues for numerous years. Market rent, $2200. Property has 1 conventional 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 and no rent increases have ever been levied. 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... BUYER FULLY RESPONSIBLE FOR THEIR OWN DUE DILIGENCE.
This is an Active listing.
Broker Office Phone Number: 301-459-5040
Copyright © 2024Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
This is an Active listing.
Broker Office Phone Number: 301-459-5040
Copyright © 2024Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Amenities
- Central Air Conditioning
- Fireplace(s)
- Radiator
- 1 Fireplace
- Wall or Window Air Conditioner(s)
Price History
| date | price | variance | type |
|---|---|---|---|
| 10/4/2024 | $248,500 | 0.20 % | decreased |
| 9/7/2024 | $249,000 | 11.07 % | decreased |
| 12/31/2023 | $280,000 | - | Listed |
Listing By: Bennett Realty Solutions via Data Source: Bright MLS
listing agent: Nefretiti Makenta
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