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3001 Channing Street NE

WASHINGTON, DC 20018
  • $765,000
  • STATUS: Active
  • ON SITE: 104 Days
  • ID#: DCDC2151816
Price Reduced
UPDATED: 22 min ago
$765,000
  • 5
    BEDS
  • 0.33
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 5,000
    SQFT
  • $153
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1925
County:

School Ratings & Info

Description

Asking Price: $849,000Discover 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. Dont miss out on this exceptional opportunity!

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Great Falls Great Homes | Long & Foster Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-11-06T06:53:25.097.
www.greatfallsgreathomes.com/homes/152930885
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3001 Channing Street NE WASHINGTON, DC 20018

  • Price: $765,000
  • Status: Active
  • On Site: 104 Days
  • Updated: 22 min ago
  • ID#: DCDC2151816
5
Beds
2
Baths
0
½ Baths
0.33
Acres
5,000
SQFT
$153
$/SQFT
1925
Built
Neighborhood:
Woodridge
County:
Washington
School District:
District Of Columbia Public Schools
Property Description
Asking Price: $849,000Discover 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. Dont miss out on this exceptional opportunity!
Exterior Features

Architectural Style Other Construction Materials Other Garage YN No Parking Types Driveway Pool No Pool Property Condition Major Rehab Needed Soil Types Unknown Water Access YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 3500 Basement Full Basement YN Yes Below Grade Finished Area 1500 Cooling None Fireplace YN Yes Fireplaces Total 1 Heating None Levels 3 Main Level Bedrooms 5

Property Features

Acceptable Financing CashPrivate Accessibility Features None Association YN No Central Air YN No Condo YN No Cooling Fuel None Cross Street 30th St NE Foundation Details Other Heating Fuel None Hot Water Other Navigable Water YN N New Construction YN No Original MLSNumber 803243490270 Ownership Interest Fee Simple Sale Type Standard Senior Community YN No Sewer Public Sewer Structure Design Type Detached Tax Annual Amount 1451.00 Tax Lot 808 Vacation Rental YN No Water Source Public Zoning R

Listing courtesy of NetRealtyNow.com, LLC: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Great Falls Great Homes | Long & Foster Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-11-06T06:53:25.097.
 
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