1. District of Columbia
  2. Washington
  3. 3001 CHANNING ST NE
$650,000

3001 CHANNING ST NE, Washington, DC 20018

  • 5 beds |
  • 2 baths |
  • 7,000 sqft
  • Property Icon Single-Family Home
  • Property Year Built Icon Built in 1925
  • Property Lot Size Icon0.33acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $93/sqft
  • Property List Date Icon Listed 5 months ago

Property Description

Discover 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!

Listing Status:
Active
Listing Office:
NetRealtyNow.com, LLC : 7035818605
Listing Agent:
Thomas S Hennerty : 7035818605
MLS ID:
DCDC2184608
  • Basement: Full
  • A/C: None
  • Heating: None
  • Fireplace: FireplaceFireplaces: 1
  • Disability Feature: None

This listing courtesy of Thomas S Hennerty, NetRealtyNow.com, LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

L

Langdon Education Campus

1900 Evarts St NE, Washington, DC, 20018

Grades EE-5

0.60 miles away

B

Browne Education Campus

850 26th St NE, Washington, DC, 20002

Grades EE-8

1.38 miles away

P

Phelps Architecture Construction and Engineering High School

704 26th St NE, Washington, DC, 20002

Grades 9-12

1.44 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.