242 OAKWOOD ST SE Under Contract

Washington,DC 20032

$ 450000

- Bed

- Bath

2484 SqFt


Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Under Contract

Purchase Type For Sale

Square Footage 2,484 sqft

Price per Sqft $181

MLS Listing ID DCDC2165650

Style Traditional,Unit/Flat

Year Built 1943

Available Date 2024-12-05

Annual Tax Amount $3,578

Tax Year 2024

Lot Size 4,905 Sqft

Property Sub-Type Quadruplex

Property Description

Investment Opportunity in Congress Heights! This 4-unit multifamily property offers excellent potential for the savvy investor. Each of the four units features 1 bedroom and 1 bathroom, providing stable rental income with room for growth. With ample space at the rear of the property, there's an exciting opportunity to expand the building footprint, improve the existing parking lot, or explore conversion options. The building requires a general overhaul and is priced accordingly, allowing the next owner to add modern updates and possibly reconfigure into two larger units for a more tailored rental portfolio. Located in the heart of Congress Heights, close to transit, shopping, and city amenities. Don't miss this value-add investment with endless possibilities!

Location

State DC

County Washington

Zoning R-3

Interior

Hot Water Electric

Heating Hot Water

Cooling None

Exterior

Water Access N

Building

Sewer Private Sewer

Water Public

New Construction N

Schools

Elementary Schools King

Middle Schools Hart

High Schools Ballou Senior

School District District Of Columbia Public Schools

Others

Acceptable Financing Cash,Conventional

Listing Terms Cash,Conventional

Special Listing Condition Standard

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