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$699,999
2909 Nelson Pl SE
Price:
$699,999
BR/BA:
7 BR, 4 BA
Location:
2909 Nelson Pl SE, Washington, DC
Description:
Situated in the historically esteemed Hillcrest district, discover a Colonial-style quadruplex built in 1940 that stands as a prime investment opportunity for savvy investors and/or first-time homebuyers. Spanning 3,500 sqft, the property consists of three units, each with 2 bedrooms and 1 bath, and a fourth unit featuring 1 bedroom and 1 bath with an optional second room that could be finished. Being sold as-is, this enduring brick construction needs some work but embodies a unique investment allure, offering immediate cash flow potential through the live-rent model. Investors and homeowners alike can live in one unit and let the others drive substantial saleal income, potentially offsetting or erasing the mortgage. Perfectly compatible with FHA financing, with the possibility of minimal to zero down payment, this property also holds promise for those looking for move-in and sale-ready prospects. Its strategic layout, prime location near major commuter pathways, Anacostia Waterfront, vibrant Capitol Hill, and its DC-declared opportunity zone status further accentuate its growth potential. Vacant and free from TOPA rights complications, it's a turn-key proposition waiting for the right vision and investor's eye, promising a tangible ROI and future appreciation with neighboring 2-bedroom units commanding sales over $1600. This quadruplex jewel in Hillcrest is an enticing proposition, ready to be transformed by the right investor and/or first-time homeowner. Still available at ListedBuy!
Property Type:
Multi-Family Residences for Sale
Sq feet:
3,500 sq. ft.
Year:
1940
For sale by:
By Owner
Posted:
August 27 2023 on ListedBuy
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More About this Listing: 2909 Nelson Pl SE
2909 Nelson Pl SE is a Seven Bedroom 4.5 Bath Multi-Family Real Estate for Sale at 2909 Nelson Pl Se in Washington DC. Find other listings like 2909 Nelson Pl SE and listings near 2909 Nelson Pl Se by searching Oodle Classifieds for Seven Bedroom 4.5 Bath Multi-Family Real Estate for Sale in Washington DC.
2909 Nelson Pl SE is a Seven Bedroom 4.5 Bath Multi-Family Real Estate for Sale at 2909 Nelson Pl Se in Washington DC. Find other listings like 2909 Nelson Pl SE and listings near 2909 Nelson Pl Se by searching Oodle Classifieds for Seven Bedroom 4.5 Bath Multi-Family Real Estate for Sale in Washington DC.