New Listing
1507 17th St SE,WASHINGTON, DC 20020
WASHINGTON, DC 20020
Description
1507 17TH ST SE: 4-UNIT VALUE-ADD ASSET (1 VACANT / 3 OCCUPIED). Solid brick 4-unit building offered at an accessible price point, presenting a direct repositioning opportunity for an owner-occupant or value-add investor. The building layout features one (1) vacant unit ready for immediate occupancy or market lease-up, alongside three (3) occupied units with scheduled rents of $1,000, $1,100, and $1,400 per month. The property is in need of cosmetic and capital improvements, making it an ideal candidate for FHA 203(k) renovation financing, Fannie Mae HomeStyle, or private construction loans to renovate, stabilize, and build forced equity over time. The pricing is positioned attractively relative to nearby block sales, including the recent closing of 1523 17th St SE in similar condition for $485,000. TERMS & FIDUCIARY STATUS:The seller is an appointed trustee and is exempt from standard D.C. property disclosure statement requirements. Sold strictly AS-IS, WHERE-IS, with all faults. Buyer and buyer's broker are solely responsible for performing all independent due diligence regarding existing lease agreements, tenant payment history, regulatory status, Certificate of Occupancy, Basic Business License compliance, and overall structural/mechanical condition.
Details
| MLS # | DCDC2287336 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Coming Soon-bright |
| Year | 1941 |
| Days On Site | 5 |
| Listing Provided By | Real Broker, LLC | Abel M Gebremichael |
Features
| SQ Feet | 3,296 |
|---|---|
| Units | 4 |
| Zoning | R-3 |
| Acreage | 0.06 |
Interior
| Cooling | None |
|---|---|
| Heating Yes / No | Yes |
| Heating | Hot Water |
Exterior
| Construction Materials | Brick |
|---|---|
| Foundation Details | Other |
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 6158 |
|---|
Area Information
| State | DC |
|---|---|
| County | WASHINGTON DC |
| City | WASHINGTON |
| Zip Code | 20020 |
| Area | WASHINGTON DC |
| School District | DISTRICT OF COLUMBIA PUBLIC SCHO |
| Listing VS Median (in 20020) | |
Price: $399,900 low | high Med: $254,000 sqft: 3,296 low | high Med: 928 $ / sqft: $121 low | high Med: $274 On site: 5 low | high Med: 159 | |
Market Activity 20020
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Learn More About This Property
| State | DC |
|---|---|
| County | WASHINGTON DC |
| City | WASHINGTON |
| Zip Code | 20020 |
| Area | WASHINGTON DC |
| School District | DISTRICT OF COLUMBIA PUBLIC SCHO |
| Listing VS Median (in 20020) | |
Price: $399,900 low | high Med: $254,000 sqft: 3,296 low | high Med: 928 $ / sqft: $121 low | high Med: $274 On site: 5 low | high Med: 159 | |
