507 OAKWOOD ST SE Active Save Request In-Person Tour Request Virtual Tour
Washington,DC 20032
Key Details
Property Type Single Family Home, Townhouse
Sub Type Twin/Semi-Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,744 sqft
Price per Sqft $141
Subdivision Congress Heights
MLS Listing ID DCDC2121516
Style Colonial
Bedrooms 3
Full Baths 2
HOA Y/N N
Abv Grd Liv Area 1,284
Originating Board BRIGHT
Year Built 1941
Annual Tax Amount $2,627
Tax Year 2023
Lot Size 2,475 Sqft
Acres 0.06
Property Description
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.
Location
State DC
County Washington
Zoning R-3
Rooms
Other Rooms Living Room,Dining Room,Bedroom 2,Kitchen,Den,Bedroom 1,Laundry,Storage Room,Utility Room,Bathroom 1,Bathroom 2
Basement Unfinished,Connecting Stairway,Daylight, Full,Windows,Walkout Level,Walkout Stairs,Rear Entrance
Interior
Interior Features Floor Plan - Traditional,Formal/Separate Dining Room
Hot Water Natural Gas
Heating Radiator
Cooling Central A/C,Window Unit(s)
Fireplaces Number 1
Fireplaces Type Mantel(s),Brick
Fireplace Y
Heat Source Natural Gas
Laundry Basement,Has Laundry,Dryer In Unit,Washer In Unit,Lower Floor
Exterior
Exterior Feature Porch(es),Deck(s)
Fence Wrought Iron,Decorative,Chain Link,Fully,Rear
Utilities Available Electric Available,Natural Gas Available,Sewer Available
Waterfront N
Water Access N
Street Surface Paved
Accessibility None
Porch Porch(es),Deck(s)
Road Frontage Public
Parking Type On Street
Garage N
Building
Lot Description Front Yard,SideYard(s),Rear Yard,Landlocked
Story 3
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Colonial
Level or Stories 3
Additional Building Above Grade,Below Grade
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Senior Community No
Tax ID 6001//0029
Ownership Fee Simple
SqFt Source Assessor
Security Features Window Grills
Acceptable Financing Cash,Private,FHA 203(k),Other
Listing Terms Cash,Private,FHA 203(k),Other
Financing Cash,Private,FHA 203(k),Other
Special Listing Condition Standard