$765,000
Beds:
5
Baths:
2
Sqft:
5,000
Sqft lot:
14,374
Acre lot:
0.33
125 Days On Market -
Courtesy of Thomas Hennerty, NetRealtyNow.com, LLC tom@netrealtynow.com
Status:
Active
Property Type:
Single Family Residential
Year Built:
1925
Neighborhood:
Woodridge
Days On Website:
125
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!
Features
Basement
- Full
Bathrooms
- 2 total bathrooms
- 2 bathrooms on main level
- 2 full bathrooms
- 2 full bathrooms on main level
Bedrooms
- 5 bedrooms
- 5 bedrooms on main level
Building
- 5,000 sqft living area
- 3,500 sqft above grade (finished)
- 1,500 sqft below grade (finished)
- Built in 1925
- Structure Type: Detached
- 3 levels
Cooling
- None
- None
Fireplaces
- 1 fireplace
Heating
- None
- None
Listing
- 126 days on market
- $219 per sqft
- Property SubType: Single Family Residential
Location
- County: Washington
- Subdivision: Woodridge
Lot
- 14,300 sqft
- 0.33 acres
Property
- Other Structures: Above Grade,Below Grade
- Soil Types: Unknown
Schools
- School District: DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Sewer
- Public Sewer
Taxes
- City/Town Tax: $1,451
- City/Town Tax Pymnt Freq: Annually
- County Tax Pymnt Freq: Annually
- Tax Annual Amount: $1,451
- Tax Year: 2023
Property Map
Map View
$765,000 - 3001 Channing Street Ne, Washington, DC 20018
Street View
Directions
3001 Channing Street Ne
Washington, DC 20018
County: Washington
Nearby Schools
Local Sales
This content last updated on November 26, 2024 1:02PM.