138 Forrester St Sw, WASHINGTON
$365,999 - 3 Beds, 2 Baths, 1,255 Sf
MLS® # DCDC2127982
507 Oakwood St Se, WASHINGTON
$305,000
3 Beds
2 Baths
1,744 Sqft
.06 Acre
0 Parking
THIS IS A WONDERFUL FIXER-UPPER 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. 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... Seller prefers KVS Title, which is offering a $250 closing credit to Buyer. Title work completed. TOPA Process Completed 1/16/24. Market rent, $2200. Property has 1 conventional (non-HCVP, non-Section 8) 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; lives with 1 "authorized occupant" adult relative; and no rent increases have ever been levied. Pictures include Before Tenant Moved in and Current Condition, as Tenant never contacted Landlord to complain or report any issues for numerous years. BUYER FULLY RESPONSIBLE FOR THEIR OWN DUE DILIGENCE.
Essential Information
MLS® #DCDC2121516
Price$305,000
Bedrooms3
Bathrooms2.00
Full Baths2
Square Footage1,744
Acres0.06
Year Built1941
TypeResidential
Sub-TypeTwin/Semi-Detached
StyleColonial
StatusActive Under Contract
Community Information
Address507 Oakwood St Se
SubdivisionCONGRESS HEIGHTS
CityWASHINGTON
CountyWASHINGTON-DC
StateDC
Zip Code20032
Amenities
AmenitiesFormal/Separate Dining Room
ParkingPaved Parking, PublPark
Utilities
Electric Available, Natural Gas Available, Sewer Available
Interior
Interior FeaturesFloor Plan-Traditional
HeatingRadiator
CoolingCentral A/C, Window Unit(s)
FireplaceYes
# of Fireplaces1
FireplacesMantel(s), Brick
# of Stories3
Stories3
Has BasementYes
Basement
Connecting Stairway, Windows, Walkout Level, Walkout Stairs, Rear Entrance, Unfinished, Daylight, Full
Exterior
ExteriorBrick and Siding
FoundationSlab
Exterior Features
Awning(s), Sidewalks, Street Lights, Porch(es), Deck(s), Chain Link Fence, Fenced-Fully, Fenced-Rear, Decorative Fence, Wrought Iron
Lot Description
Front Yard, Rear Yard, Landlocked, SideYard(s)
District
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Additional Information
ZoningR-3
Condo Fees$0
HOA Fees$0
Listing Details
OfficeBennett Realty Solutions
Office Contact(301) 646-4047
Property History
Status Changed from Active to Active Under ContractPrice Increased from $278,600 to $305,000
Price Reduced from $278,700 to $278,600
Price Reduced from $278,800 to $278,700
Price Reduced from $278,900 to $278,800
Price Reduced from $279,000 to $278,900
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Listing information last updated on April 29th, 2024 at 3:31pm EDT.
