412 Mellon St Se, Washington, DC 20032
- $836,000
- 3,200
- SqFt
- Sold Price
- $836,000
- List Price
- $859,000
- Status
- CLOSED
- Days on Market
- 85
- Closing Date
- Nov 22, 2023
- MLS#
- DCDC2104826
- Subtype
- Multi-Family
- Style
- Other
- Year Built
- 1942
- Living Area
- 3,200
- Lot Size
- 2,800
- Acres
- 0.06
- Building Name
- Congress Heights
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!
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Additional Information
- Interior Features
- Upgraded Countertops, Wood Floors, Open Floor Plan
- Taxes
- $6,929
- Property Description
- Other
- Zoning
- R3
- Flooring
- Hardwood, Laminate
- Appliances
- Dishwasher, Disposal, Exhaust Fan, Microwave, Electric Range, Refrigerator, Stove, Washer/Dryer
- Heating
- Heat Pump
- Air Conditioning
- Central Air, Heat Pump
- Foundation
- Permanent
- Parking Features
- Unassigned
- School District
- District Of Columbia Public Schools
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Listing courtesy of Realty One Group Performance, LLC. Contact:
Selling Office: Non Subscribing Office.