437 Mellon St Se, Washington, DC 20032

$335,000
4
BD
4
BA
2,848
SqFt

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List Price
$335,000
Days on Market
4
Status
ACTIVE
MLS#
DCDC2284932
Bedrooms
4
Bathrooms
4
Full Baths
4
Living Area
2,848
Lot Size (Acres)
0.11
Style
Traditional, Other
Year Built
1937
County
Washington DC
School District
District Of Columbia Public Schools

Property Description

INVESTOR SPECIAL — FOUR-UNIT DC BUILDING OFFERED AT ONLY $335,000! This is the type of opportunity serious investors look for! Four-unit apartment building with four 1BR/1BA units, ready for a major renovation and complete repositioning. The property needs substantial rehab, but the upside is in the opportunity to transform the building, renovate the units, and create a strong income-producing asset. VALUE-ADD OPPORTUNITY! Bring your contractor, architect, and vision. This property is being offered at a price point that allows an investor to get into the DC multifamily market and potentially create significant value through renovation and stabilization. Ideal for an experienced investor seeking a project with multiple rental units and long-term income potential. Strategically located near Cedar Hill Hospital, Bolling Air Force Base, CareFirst Arena, Nationals Stadium, and major transportation routes. Convenient access to DC-295 and the Capital Beltway makes this location attractive for residents commuting throughout Washington, DC and the surrounding Maryland and Virginia markets. Four units. One property. Major upside. $335,000. Properties with this type of multifamily configuration and value-add potential don't come along every day. Bring your contractor and make your offer! Property sold strictly AS-IS.

Additional Information

Subdivision
Congress Heights
Taxes
$3169
Interior Features
Other
School District
District Of Columbia Public Schools
Flooring
Hardwood
Heating
Forced Air
Heating Fuel
Natural Gas
Cooling
None
Water
Public
Sewer
Public Sewer

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Calculator source: Real Geeks

Listing courtesy of Long & Foster Real Estate, Inc.. Contact: (202) 966-1400