3001 Channing Street Ne Washington, DC 20018

$765,000
5
Beds
2
Baths
0.33
Acres
5,000
SQFT
153
$/SQFT
$765,000
5
Beds
2
Baths
5,000   sf
$153 / sf
Favorite

active
1/47
Street View

Asking Price: $849,000Discover an incredible investment opportunity with this property offering significant potential. The existing home spans 5,000 sq ft and includes 5 bedrooms and 2 bathrooms. It is a blank canvas, needing a full rehab down to the studs. An added bonus is the garage, which has the potential to be converted into an Accessory Dwelling Unit (ADU).The property sits on four plots totaling 14,300 sq ft, providing ample space for various development options.Investment Opportunities:Rehab & Convert: Rehab the current home and convert the garage into an ADU. Rehab quotes are estimated at $250,000, with an After Repair Value (ARV) of approximately $1.5 million.New Construction: Alternatively, you can build 2-3 duplexes on the land, with each unit having a resale value of around $950,000. Legal and contractor consultations have already been completed, and an architect and contractor are ready to start the project.This property offers a unique chance to maximize your return on investment through either rehabilitation or new construction. Don’t miss out on this exceptional opportunity!

Asking Price: $849,000Discover an incredible investment opportunity with this property offering significant potential. The existing home spans 5,000 sq ft and includes 5 bedrooms and 2 bathrooms. It is a blank canvas, needing a full rehab down to the studs. An added bonus is the garage, which has the potential to be converted into an Accessory Dwelling Unit (ADU).The property sits on four plots totaling 14,300 sq ft, providing ample space for various development options.Investment Opportunities:Rehab & Convert: Rehab the current home and convert the garage into an ADU. Rehab quotes are estimated at $250,000, with an After Repair Value (ARV) of approximately $1.5 million.New Construction: Alternatively, you can build 2-3 duplexes on the land, with each unit having a resale value of around $950,000. Legal and contractor consultations have already been completed, and an architect and contractor are ready to start the project.This property offers a unique chance to maximize your return on investment through either rehabilitation or new construction. Don’t miss out on this exceptional opportunity!

  • Neighborhood
  • Type
  • Total Baths
  • County
    Washington
  • Tax Amount
    $3,271
  • Status
    Active
  • Listing #
    DCDC2151816
  • Built
    1925
  • Lot Size
    0.33
  • Listed on site
    152 days
  • Listing Agent Id
    121137241567

Listed by:
NetRealtyNow.com, LLC

Source:
BRIGHT MLS

Click for Map
Smart Commute Planner
Add a destination

School Info

Property details

Community Features

  • No HOA
  • No Adult Community

Property Features

  • No Builder Restrictions

Exterior features

  • No Pool
  • Basement

Interior Features

  • Fire Place
  • Main Floor Bedroom

Property History

DateDays AgoEventNew Price
Nov 4, 20242 mos agoPrice decreased84,000 (10%)$765,000
Jul 24, 20245 mos agoNew on market$849,000
rating icon
No deal rating
NEW!
Favorite

Tour This Home

Tue
24Dec
Wed
25Dec
Thu
26Dec
Fri
27Dec
Sat
28Dec
Sun
29Dec
Mon
30Dec
Tue
31Dec
Wed
01Jan
Thu
02Jan
Fri
03Jan
Sat
04Jan
Sun
05Jan
Mon
06Jan
in Person
via Video Call