5012 7th St Nw, Washington, DC 20011

Property Description

HOMEOWNER & INVESTOR OPPORTUNITY IN PETWORTH! Spacious 3BR/1.25BA brick row home on a lovely street in the heart of Petworth! This home has great bones, high ceilings, original hardwood floors and transoms over the doorways! There is a finished basement with an attached garage + off-street parking, and room for a huge deck (check out the neighbors)! This home is in livable condition, perfect for the homeowner willing to put in sweat equity! At 2,080 sq ft on three levels (1,400sf on top floors + 680 on the lower level), it is large enough to easily add upgrades like a 2nd full bath upstairs or powder room on the main level; or you could completely reimagine the space; the options are endless! For investors, the property layout and size make it an easy flip! Similar-sized, newly renovated homes just blocks away have recently sold for over $1 million. For owner-occupant buyers, this home qualifies for the United Bank Welcome Home Program, offering a $10,000 grant towards downpayment and/or closing costs, a minimum downpayment as low as 3%, a below market interest rate, no PMI, and a standard 30 day closing date. This home has so much potential and is a great investment whether you plan to live in it or flip it for a quick profit! Steps to Rock Creek Park, Fort Totten Metro Station, restaurants/shopping. Minutes to Silver Spring; easy commute to VA! No reassignments. GCAAR contract required.