722 Shepherd St Nw, Washington, DC 20011

Property Description

THANK YOU FOR YOUR PATIENCE>This is a court-ordered sale. SUBSTANTIAL PRICE REDUCTION > Seller is looking to close within 14-21 days. Price is market value appraisal-see disclosures. Please note: All the title work has been done by Federal Title. THANK YOU FOR YOUR PATIENCE> This is a court ordered sale. This charming & very large Colonial townhouse in the sought-after Petworth neighborhood presents a prime investment opportunity. Built in 1910, the property features three bedrooms and one and a half bathrooms, offering ample space for potential tenants or future buyers. The interior boasts essential features such as high ceilings fans and a full basement with both front and rear entrances, providing flexibility for additional living space, extra income unit or storage. The property requires major rehabilitation, allowing investors to customize renovations to maximize rental income or resale value or a conversion to 2 units. There is also expansion opportunity for a third level with roof deck. The full basement with laundry facilities adds convenience for future occupants. Situated in the middle of the block, this location benefits from excellent transportation options, with a metro/subway station and bus stop less than a mile away, and an airport within 10 miles. This accessibility enhances the property's appeal to commuters and urban dwellers alike. With a modest lot size of 0.04 acres and on-street parking, this townhouse is positioned for potential appreciation in a vibrant community. The Petworth area is known for its growing amenities and proximity to local attractions, making it an attractive choice for renters and buyers. This property not only offers a solid foundation for a profitable investment but also the chance to be part of a revitalizing neighborhood. BRING FLASHLIGHT WITH YOU! SOLD STRICTLY AS-IS