412 Mellon Se Street SE, Washington, DC 20032
- $836,000
- 3,200
- SqFt
- Sold Price
- $836,000
- List Price
- $859,000
- Closing Date
- Nov 22, 2023
- Days on Market
- 85
- Status
- CLOSED
- MLS#
- DCDC2104826
- Living Area
- 3,200
- Lot Size (Acres)
- 0.06
- Style
- Other
- Year Built
- 1942
- County
- Washington DC
- School District
- District Of Columbia Public Schools
Property Description
This rare gem is a 75% vacant apartment building that was recently renovated. This is a turn-key investment that has possibilities for renting OR turning each unit into condos down the road (condos across the street have sold for $300k+) The neighborhood has immense potential with all of the huge developments going into Congress Heights! *THE NEW DCHA RATES FOR THIS NEIGHBORHOOD HAVE GONE UP TO $1655/UNIT AS ESTIMATED ON THEIR AFFORDABLE HOUSING TOOL, WHERE THREE UNITS COVER $4,900* When interest rates come back down, properties like these have a tendency to become unaffordable! This is your chance to get in at a great price and refinance down the road to make your cashflow even stronger! Do not miss it!
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Additional Information
- Building Name
- Congress Heights
- Taxes
- $6929
- Stories
- 2
- Interior Features
- Upgraded Countertops, Wood Floors, Floor Plan - Open
- School District
- District Of Columbia Public Schools
- Flooring
- Hardwood, Laminated
- Heating
- Heat Pump(s)
- Heating Fuel
- Electric
- Cooling
- Central A/C, Heat Pump(s)
- Utilities
- Electric Available, Water Available, Sewer Available
- Water
- Public
- Sewer
- Public Sewer