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412 Mellon St Se, Washington, DC 20032

$836,000
: 3,200
SqFt

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Sold Price: $836,000
List Price: $859,000
Closing Date: Nov 22, 2023
Status: CLOSED
MLS#: DCDC2104826
Living Area: 3,200
Lot Size (Acres): 0.06
Style: Other
Year Built: 1942
County: Washington
School District: District Of Columbia Public Schools

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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!

Call or Text | 703.462.0700

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Additional Information

Building Name: Congress Heights
Interior Features: Upgraded Countertops, Wood Floors, Open Floor Plan
School District: District Of Columbia Public Schools
Flooring: Hardwood, Laminate
Heating: Heat Pump
Cooling: Central Air, Heat Pump
Utilities: Electric Available, Water Available, Sewer Available
Water: Public
Sewer: Public Sewer