2909 Nelson Se Place SE, Washington, DC 20019

Property Description

Situated in the historically esteemed Hillcrest district, discover a Colonial-style quadruplex built in 1940 that stands as a prime investment opportunity for savvy investors and/or first-time homebuyers. Spanning 3,500 sqft, the property consists of three units, each with 2 bedrooms and 1 bath, and a fourth unit featuring 1 bedroom and 1 bath with an optional second room that could be finished. Being sold as-is, this enduring brick construction needs some work but embodies a unique investment allure, offering immediate cash flow potential through the live-rent model. Investors and homeowners alike can live in one unit and let the others drive substantial rental income, potentially offsetting or erasing the mortgage. Perfectly compatible with FHA financing, with the possibility of minimal to zero down payment, this property also holds promise for those looking for move-in and rent-ready prospects. Its strategic layout, prime location near major commuter pathways, Anacostia Waterfront, vibrant Capitol Hill, and its DC-declared opportunity zone status further accentuate its growth potential. Vacant and free from TOPA rights complications, it's a turn-key proposition waiting for the right vision and investor's eye, promising a tangible ROI and future appreciation with neighboring 2-bedroom units commanding rents over $1600. This quadruplex jewel in Hillcrest is an enticing proposition, ready to be transformed by the right investor and/or first-time homeowner.