THIS PROPERTY IS NOT in MLS:
2 Level Rowhome in SE DC (Capitol Hill East) for only $549,900! That's $275K+ Below Renovated Comps! (NOT a Short Sale! NOT a Foreclosure!)
246 14th St SE Washington DC 20003
Sale Price: $549,900
Estimated Repairs: $150,000
After repair value: $825,000
Profit Margin: $125,000
Description of Home:
Inside SQFT: 1200sqft
Lot Size(Acres): .02acre
1. 272 15th St SE (3br 2ba) - Sold - $860,000
2. 1358 Independence Ave SE (2br 2ba) - Sold - $824,000
EAST CAPITOL HILL INVESTOR SPECIAL!! This 2 level rowhome is located is HOT East Capitol Hill. The interior is a disaster with a massive hole in the 2nd floor floor due to a roof leak. NEW ROOF AND WINDOWS recently installed! But the interior is in a state that needs to be cleaned and redesigned to your liking. We recommend turning it into a 2br 2.5ba open floor concept to get max resale price. But an aggressive investor could add a level and/or expand the back of the home.
NOTE: Renovated TWO level homes in the area are selling for $825K+, but you can purchase this home for only $549,900. That's a $275K+ spread!! Hurry, this opportunity will not last!