5 bedrooms House for sale in District of Columbia, USA No. 67763

5 bedrooms House in District of Columbia, USA No. 67763

$ 849 000

per m²

5 Rooms

5 Bedrooms

2 Bathrooms

0 Living space, m²

District of Columbia, USA

Contact seller

Parameters

Rooms

Bedrooms

Bathrooms

Living space, m²

67763

Address

3001 Channing St Ne

Type

House

Property 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 and 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. Dont miss out on this exceptional opportunity! For more details: Listed by: Thomas Hennerty

Features

Indoor facilities

Garage