507 Oakwood Street SE 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.
- Property TypeSingle Family Home
- NeighborhoodCongress Heights
- CountyWashington
- Taxes$2,627
- HOA/Condo/Coop Fees$0
- Days on Site38 Days
- MLS StatusActive
- MLS ID NumberDCDC2121516
- Home Size Source Assessor
- Year Built1941
- Lot Size0.06 Acres
- Full Baths2
- Partial BathsN/A
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General Features
- Style Colonial
- Construction Brick
- Parking Paved ParkingPublicOn Street
- Sewer Public Sewer
- Basement UnfinishedConnecting StairwayDaylightFullWindowsWalkout LevelWalkout StairsRear Entrance
- Number of Stories Three Or More
- Acreage 0.06
- Water Public
- Security Window Grills
- Attached Garage No
- Utilities Natural Gas AvailableSewer Available
- Foundation Slab
- Zoning R-3
Interior Features
- Cooling Central A/ CWindow Unit(s)
- Heating RadiatorNatural Gas
- Interior Floor Plan - TraditionalFormal/Separate Dining Room
- Fireplaces 1
- Fireplace Features Mantel(s)Brick
- Laundry Features BasementHas LaundryDryer In UnitWasher In UnitLower Floor
- Fireplace Yes
Exterior Features
- Fencing Wrought IronChain Link
- Spa No
- Waterfront Property No
- Exterior Awning(s)SidewalksStreet Lights
- Lot Front YardSide Yard(s)Rear YardLandlocked
- Patio And Porch Porch(es)Deck(s)
Community Features
- Senior Community No
- Security Features Window Grills