3108 Adams St Ne, WASHINGTON
$650,000 - 5 Beds, 4 Baths, 1,109 Sf
MLS® # DCDC2169350
3001 Channing St Ne, WASHINGTON
$765,000
5 Beds
2 Baths
5,000 Sqft
.33 Acre
0 Parking
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!
Essential Information
MLS® #DCDC2151816
Price$765,000
Bedrooms5
Bathrooms2.00
Full Baths2
Square Footage5,000
Acres0.33
Year Built1925
TypeResidential
Sub-TypeDetached
StyleOther
StatusActive
Community Information
Address3001 Channing St Ne
SubdivisionWOODRIDGE
CityWASHINGTON
CountyWASHINGTON-DC
StateDC
Zip Code20018
Interior
HeatingNone
CoolingNone
FireplaceYes
# of Fireplaces1
# of Stories3
Stories3
Has BasementYes
BasementFull
Exterior
FoundationOther
District
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Additional Information
ZoningR
Condo Fees$0
HOA Fees$0
Listing Details
OfficeNetRealtyNow.com, LLC
Office Contact(703) 581-8605
Property History
Price Reduced from $849,000 to $765,000
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Listing information last updated on December 2nd, 2024 at 6:03pm EST.
