NOT in MLS: 3 Level Semi Detached Home in NE DC (Riggs Park) for only $479,900! That's $190K+ Below Renovated Comps!
5155 8th St NE Washington DC 20011
| Sale Price | |
| Sale Price: | $479,900 |
| Estimate Repairs: | $120,000 |
| After repair value: | $670,000 |
| Equity Potential: | $70,000 |
| Description of Home | |
| Type: | Rowhome |
| Bedrooms: | 3 |
| Bathrooms: | 1.55 |
| Levels: | 3 |
| Parking: | 1 Carport |
| Square Feet Total: | 1269+657 |
| Lot Size(Acres): | 0.0700acre |
| Sale Comps | |
| 5235 Chillum Pl NE - Sold - $675,000 | |
| 5329 Chillum Pl NE - Sold - $670,000 | |
| 907 Jefferson St NE - Sold - $670,000 | |
Additional Information
GREAT FIND!! This 3br, 1.55ba, 3lvl semi-detached home (aka twin, end unit of a two cluster rowhome) is located in the Riggs Park section of NE DC. It has a finished basement and overall, the home is in good condition, just outdated. It has a fireplace in the basement, new flooring in the basement, some stainless steel appliances in the kitchen. Although the home already has a driveway, you could add additional off street parking through the alley behind the home. The home also has a large front patio. The home is in good enough condition to qualify for conventional financing, making it a HUGE OPPORTUNITY for 'owner occupant' type of buyer looking for BIG SWEAT EQUITY where they can move in now and update as they want. Rehab investor can finish the basement, turn the half bath into a full bath and sell this home for top dollar! Similar sized homes in the area are selling for $670K+ renovated, but you can buy this home for only $479,900. That's a $190K+ 'spread' to work with!! Hurry, before its 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.