507 OAKWOOD ST SE, WASHINGTON,DC 20032

$299,000

507 OAKWOOD ST SE, WASHINGTON, District Of Columbia 20032 - $299,000

3 Bedrooms
2 Bathrooms
1,744 Sq.Ft
Marketed by Virginia Estates

For Detailed Buyer Information Call (434) 409-4056 or email deidre@virginiaestates.com

Property Description

THIS IS A WONDERFUL FIXER-UPPER “BUY AND HOLD” INVESTMENT (*OPPORTUNITY ZONE*, see below) OR OWNER OCCUPANT PROPERTY ON A LOVELY TREE-LINED, HOMEOWNER BLOCK. 2 LARGE BEDROOMS ON THE TOP FLOOR; 1 DECENT-SIZED BEDROOM IN BASEMENT. BASED ON THE CURRENT CONFIGURATION AND WITH >1900SF OF INTERIOR SPACE. BUYER CAN EASILY ADD ADDITIONAL BEDROOMS AND A 1/2 BATH ON THE MAIN FLOOR, WHICH INCLUDES A BEAUTIFUL WOOD-BURNING FIREPLACE. PROPERTY ALREADY HAS A GOOD BASEMENT CEILING HEIGHT, APPROXIMATELY 7-FEET, NO NEED TO DIG DOWN FOR ADDED VALUE. ARV $489K, EST. (THE CONNECTED PROPERTY NEXT DOOR, SAME SF SOLD FOR $495K) PROPERTY HAS GREAT POTENTIAL, BUT NEEDS WORK. DATED BATHROOMS AND KITCHEN. GREAT BONES.
Property Being Sold Strictly As-Is. Reasonably Motivated Seller. INVESTOR ALERT. INVESTOR SPECIAL. Buying and investing in a property in an *OPPORTUNITY ZONE can provide a great opportunity for capital gains tax deferral, reduction and abatement, ETC., possibly even better than the 1031 Exchange, they say… TOPA Process Completed. Market rent, $2200. Property has 1 conventional (non-HCVP, non-Section 8) tenant paying $1,800 per month, plus all utilities (gas, water and electric). GREAT rent payment history. Tenant is on a month-to-month lease. PHOTOS SHOW BEFORE TENANT MOVE-IN years ago (before 2018) AND RECENT CONDITION.
Seller prefers KVS Title, which is offering a $250 closing credit to Buyer. BUYER FULLY RESPONSIBLE FOR THEIR OWN DUE DILIGENCE.
#thisgemcouldbeyours!!!

For Detailed Buyer Information Call (434) 409-4056 or email deidre@virginiaestates.com

Property Details
Basic Details
Property Type : Residential
Price : $299,000
Bedrooms : 3
Bathrooms : 2
Floor Size : 1,744 Sq.Ft
Year Built : 1941
Lot : 0.06 Acre
Status : Active

For Detailed Buyer Information Call (434) 409-4056 or email deidre@virginiaestates.com

Features
: Radiator
: Window unit(s), Central a/c
: Full, Windows, Unfinished, Walkout level, Connecting stairway, Walkout stairs, Daylight, Rear entrance
: Chain link, Decorative, Wrought iron, Rear, Fully
: Brick, Mantel(s)
: Window grills
: Public, Paved parking

For Detailed Buyer Information Call (434) 409-4056 or email deidre@virginiaestates.com

Address Map
US
DC
WASHINGTON
WASHINGTON
CONGRESS HEIGHTS
20032
W78° 59' 56.9''
N38° 50' 43.9''

For Detailed Buyer Information Call (434) 409-4056 or email deidre@virginiaestates.com

Additional Details
2
1,284 Sq.Ft
: R-3
Y
3
: Dining room, Kitchen, Laundry, Living room, Utility room, Den, Storage room, Bedroom 2, Bedroom 1, Bathroom 2, Bathroom 1
: Landlocked, Rear yard, Sideyard(s), Front yard
: Colonial
: Slab
N
N
: Settlement, Immediate
Public Sewer
: Above grade, Below grade
: Public
$0
232.87
2023
2627.7
N
: Porch(es), Deck(s)
: Floor plan - traditional, Formal/separate dining room
: Sidewalks, Street lights, Awning(s)
N
0
0

For Detailed Buyer Information Call (434) 409-4056 or email deidre@virginiaestates.com

For Detailed Buyer Information Call (434) 409-4056 or email deidre@virginiaestates.com

    For Immediate Personal Service from a Local Agent

     

    Call (434) 409-4056

    deidre@virginiaestates.com







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    For immediate response contact Deidre Carpenter 434-409-4056, deidre@virginiaestates.com.
    Virginia Estates uses MLS data from Charlottesville Area Association of Realtors, Richmond Association of Realtors, Chesapeake Bay & Rivers Association, and Bright MLS to generate real estate listings for sale on this website. This information is deemed to be reliable, but not guaranteed. Virginia Estates has attempted to offer accurate data, but buyers are advised to confirm all items from IDX and from this website. Bennett Realty Solutions represents the interest of the seller 3014595040 DCDC2121516. What is IDX? According to IDXBroker.com, IDX (Internet Data Exchange) allows agents and brokers to access and display MLS listing information on their real estate websites. Also known as Broker Reciprocity, the term "IDX" refers to the software, rules and regulations which allow MLS data to show on your site. This data feed typically encompasses the listing data for properties entered into the MLS system, while IDX rules may determine where, what, and how it is displayed.
    For buyer representation by Virginia Estates contact Deidre Carpenter 434-409-4056, deidre@virginiaestates.com.