NOT in MLS: 2br 2ba Condo in NW DC (Petworth) for only $224,900! That's $125K+ Below Renovated Comps!! (NOT a Short Sale or Foreclosure!)
939 Longfellow St NW #303 Washington DC 20011
| Sale Price | |
| Sale Price: | $224,900 |
| Estimate Repairs: | $40,000 |
| After repair value: | $350,000 |
| Equity Potential: | $85,000 |
| Description of Home | |
| Type: | Detached Home |
| Bedrooms: | 2 |
| Bathrooms: | 2 |
| Levels: | 1 |
| Parking: | 1 Assigned Spaces |
| Square Feet Total: | 906 |
| Lot Size(Acres): | No Yard |
| Sale Comps | |
| 911 Kennedy St NW #11 - Sold - $385,000 | |
| 5754 Colorado Ave NW #302 - Sold - $345,000 | |
| Rent Comps | |
| 5551 Illinois Ave NW #301 - Active - $2000 |
Additional Information
RARE FIND!! This is a 2br, 2ba condo in highly desired Petworth section of NW DC. Condo fee of $389.12/month includes water, sewer, and hot water. Condo fee also has a $100/month special assessment for roof repairs. HUGE OPPORTUNITY for 'owner occupant' type of buyer for BIG SWEAT EQUITY! The condo is in good condition and is in good enough condition to qualify for conventional financing! Good investment for buy/hold investor as condos in the area are renting for ~$2,000/month, the condo is in good enough condition to rent out right now, and condos have low lifetime costs (no roof or basement). Also, EASY REHAB perfect for new or experienced rehabber! Similar condos are selling for $350K+ renovated, but you can purchase this one for only $224,900. That's a $125K+ spread!! Hurry, or you'll be upset at yourself for missing this one! NOTE: This home is currently occupied, but will be vacant by closing. Please respect the occupant's privacy and email us about arranging a time to see the home. Do NOT knock on the door to see the home or the occupants will take your name and you will be permanently removed from our email list.
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.