NOT in MLS: 4 Unit Building in SE DC for only $374,900! That's $325K+ Below Renovated Comps! (NOT a Short Sale or Foreclosure!)
2637 30th St SE Washington DC 20020
| Sale Price | |
| Sale Price: | $374,900 |
| Estimate Repairs: | $100,000 |
| After repair value: | $700,000 |
| Equity Potential: | $225,000 |
| Description of Home | |
| Type: | Detached Home |
| Bedrooms: | 4 |
| Bathrooms: | 4 |
| Levels: | 3 |
| Parking: | Street |
| Square Feet Total: | 2520+504 |
| Lot Size(Acres): | Less Than 0.25 |
| Sale Comps | |
| 2205 16th St SE - Sold - $775,000 | |
| 1411 Ridge Pl SE - Under Contract - $694,000 | |
| Rent Comps | |
| 3111 Naylor Rd SE #304 - Active - $1,230 | |
| 3819 W St SE #101 - Active - $1,200 |
Additional Information
INVESTOR ALERT!! This 4 unit building in the Hill Crest area of SE DC has 4 1br 1ba units on 2 levels w/ an unfinished basement where utilities currently are housed. Although 2 of the units are currently occupied, it will be completely vacant by closing (projected Nov 1) and all TOPA notices have been served and timelines completed. All major systems (forced air heat, window a/c units, & roof) are all relatively old, but still working. 1br units in the area are going for $1,200+/month, making this a CASH COW and a great long term investment as this area is HOT TURN AROUND AREA. Renovated buildings in the area are selling for $700K+, but you can buy this building for only $374,900!! That's a $225K+ spread!... Giving you plenty of room to purchase, renovate, and rent out with a HUGE EQUITY POSITION. BETTER HURRY BEFORE THIS OPPORTUNITY IS GONE!!
Disclosures
All information, including figures, are provided in good faith, but are not guaranteed to be accurate. Buyers should conduct their own due diligence. We are not agents and this is not a pocket listing. We are under contract with the title holder and considered principals in the transaction. Anyone attempting to contact the title holder will be viewed as intentional interference with a contract and legal action may be brought against you. Additionally, you will be permanently removed from our mailing list and the mailing list of other major wholesalers in the area.