119 53RD ST SE, Washington, DC 20019 - MLS#DCDC2168258

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Adam Ferst

[email protected] +1(202) 421-5500

$360,000

Est. payment - /mo

2,340 SqFt

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UPDATED:

12/11/2024 02:53 AM

Key Details

Property Type Single Family Home, Multi-Family

Sub Type Twin/Semi-Detached

Listing Status Under Contract

Purchase Type For Sale

Square Footage 2,340 sqft

Price per Sqft $153

Subdivision Marshall Heights

MLS Listing ID DCDC2168258

Style Colonial

Abv Grd Liv Area 2,340

Originating Board BRIGHT

Year Built 1952

Annual Tax Amount $20,155

Tax Year 2023

Lot Size 2,533 Sqft

Acres 0.06

Property Description

Situated in the up-and-coming neighborhood of Marshall Heights, this vacant 4-unit building presents a prime opportunity for developers, investors, or contractors. The property is currently configured with 4 one-bedroom, one-bathroom apartments and needs a complete renovation, offering a variety of potential redevelopment options. Option 1 - Renovate and Rent: Restore the existing units to their full potential and create a steady rental income stream in this rapidly developing area. Option 2 - Convert to Condominiums: With rising demand for homeownership options in the district, the building is a perfect candidate for a condo conversion, allowing for profitable individual unit sales. Option 3 - Create Two Townhouses: The property’s layout provides flexibility to reconfigure the space into two spacious, modern townhouses that will appeal to owner-occupiers or high-end rental markets. Whether you are looking to generate cash flow, flip for profit, or create luxury condos or townhomes, this property offers substantial potential.

Location

State DC

County Washington

Zoning R-2

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling None

Heat Source Natural Gas

Exterior

Water Access N

Accessibility None

Garage N

Building

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style Colonial

Additional Building Above Grade, Below Grade

New Construction N

Schools

Elementary Schools C.W. Harris

Middle Schools Kelly Miller

High Schools H.D. Woodson

School District District Of Columbia Public Schools

Others

Tax ID NO TAX RECORD

Ownership Fee Simple

SqFt Source Estimated

Acceptable Financing Conventional, FHA 203(k), Cash, Private

Listing Terms Conventional, FHA 203(k), Cash, Private

Financing Conventional,FHA 203(k),Cash,Private

Special Listing Condition Standard

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Listed by Cornelius R Henderson • RE/MAX Allegiance

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Adam Ferst

+1(202) 421-5500

Agent | RSRS325119

Agent RSRS325119

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