3012 Nelson Pl Se, Washington, DC 20019

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Sold Price
$619,000
List Price
$599,000
Closing Date
Apr 16, 2024
Status
CLOSED
MLS#
DCDC2127768
Living Area
2,800
Lot Size (Acres)
0.1
Style
Traditional
Year Built
1939
County
Washington
School District
District Of Columbia Public Schools

Property Description

Discover a superb house-hacking opportunity in Hillcrest with this well-maintained, four-unit property. Located just steps from Pennsylvania Avenue, this prime location offers easy access to downtown DC and Capitol Hill. Each unit features 1 bedroom and den, with Unit #1 & #3 currently vacant and ready for your vision. All units come with enclosed back porches, offering potential for creative conversions that can significantly increase rental income. This property also features a brand-new roof equipped with solar panels. The solar system will continue to be owned by the current owner, in which they are offering an exceptional opportunity for a rooftop lease, yielding an additional annual income of $1,000! Revel in the advantages of a freshly installed roof while bolstering your income stream! Your investment strategy is simple: occupy one unit while leasing out the others to cover your mortgage costs, giving you the chance to build equity at a remarkable value. This property is also strategically positioned in Ward 8, an area experiencing rapid redevelopment with numerous nearby projects set to deliver thousands of apartments and office spaces, promising long-term value. Seize this golden opportunity in a prime location for immediate returns and future growth. Whether you're a seasoned investor or just starting out, this property is a must-see for those looking to make the most of their investment.

Additional Information

School District
District Of Columbia Public Schools
Heating
Hot Water
Cooling
None
Water
Public
Sewer
Private Sewer

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Greysteel Company LLC. Contact:

Selling Office: Non Subscribing Office.