Veterans United Realty
80 Photos

507 OAKWOOD STREET, Washington, DC 20032

$305,000 Asking Price

3 beds
2 baths
1,744  sqft
Built in 1941

TOPA Title Underwriting Completed. TOPA Affidavit signed by Tenant and notarized May 2024. All other title work completed, as well. Tenant expressed interest in purchasing, but she could not/did not follow through in more than 7 months... THIS IS A WONDERFUL FIXER-UPPER INVESTMENT (*OPPORTUNITY ZONE*, see below) OR OWNER OCCUPANT PROPERTY ON A LOVELY TREE-LINED, HOMEOWNER BLOCK. 2 LARGE BEDROOMS ON THE TOP FLOOR; 1 DECENT-SIZED BEDROOM IN BASEMENT. BASED ON THE CURRENT CONFIGURATION AND WITH >1900SF OF INTERIOR SPACE. BUYER CAN EASILY ADD ADDITIONAL BEDROOMS AND A 1/2 BATH ON THE MAIN FLOOR, WHICH INCLUDES A BEAUTIFUL WOOD-BURNING FIREPLACE. PROPERTY ALREADY HAS A GOOD BASEMENT CEILING HEIGHT, APPROXIMATELY 7-FEET, NO NEED TO DIG DOWN FOR ADDED VALUE. ARV $489K, EST. (THE CONNECTED PROPERTY NEXT DOOR, SAME SF SOLD FOR $495K) PROPERTY HAS GREAT POTENTIAL, BUT NEEDS WORK. DATED BATHROOMS AND KITCHEN. GREAT BONES. Property Being Sold Strictly As-Is. Plat attached: Image 6. INVESTOR ALERT. INVESTOR SPECIAL. Buying and investing in a property in an *OPPORTUNITY ZONE can provide a great opportunity for capital gains tax deferral, reduction and abatement, ETC., possibly even better than the 1031 Exchange, they say... Market rent, $2200. Property has 1 conventional (non-HCVP, non-Section 8) tenant paying $1,500 per month, plus all utilities (gas, water and electric). Solid rent payment history. Tenant is on a month-to-month lease; lives with 1 "authorized occupant" adult relative; and no rent increases have ever been levied. Pictures include Before Tenant Moved in and Current Condition, as Tenant never contacted Landlord to complain or report any issues for numerous years. BUYER FULLY RESPONSIBLE FOR THEIR OWN DUE DILIGENCE.


Listing Status:
Backup
Date Added:
January 1, 2024 — 143 days ago
Listing Office:
Bennett Realty Solutions, Nefretiti N Makenta (202-792-2722)
Office Phone:
301-459-5040
MLS ID:
DCDC2121516

Features & Amenities

Interior

General:
Floor Plan - Traditional,Formal/Separate Dining Room
Rooms:
Living Room,Dining Room,Bedroom 2,Kitchen,Den,Bedroom 1,Laundry,Storage Room,Utility Room,Bathroom 1,Bathroom 2
Laundry:
Basement,Has Laundry,Dryer In Unit,Washer In Unit,Lower Floor
Basement:
Unfinished,Connecting Stairway,Daylight, Full,Windows,Walkout Level,Walkout Stairs,Rear Entrance
A/C:
Central A/C,Window Unit(s)
Heating:
Y, Radiator, Natural Gas
Fireplace:
Mantel(s),Brick, Fireplace, Fireplaces: 1
Disability Feature:
None
Eco/Green Feature:
Fireplace/Wood Stove

Exterior

General:
Awning(s),Sidewalks,Street Lights, Above Grade,Below Grade
Style:
Colonial
Parking:
Paved Parking,Public

Construction

General:
Brick, 3, Slab

Location

Originating MLS:
BRIGHT_MAIN
School District:
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
County:
WASHINGTON

Lot

Zoning:
R-3, 6001//0029
Fencing:
Wrought Iron,Decorative,Chain Link,Fully,Rear
Current Use:
0

Utilities

Utilities:
Electric Available,Natural Gas Available,Sewer Available
Water:
Public
Sewer:
Public Sewer

Financial

Source:
BRIGHT_MAIN

This listing courtesy of:
Bennett Realty Solutions, Nefretiti N Makenta

About Washington, DC

Housing

Number of Units
355,879
Median Home Value
$676,049
Median Rent
$1,533

59.41% of housing units are renter occupied.

10.61% are vacant.

Commute

Car
26.04%
Public Transportation
22.45%
Walk to Work
9.05%
Work from Home
38.64%
Other
0.89%

The median travel time to work is 21 minutes.

People

Population
676,761
Median Age
35.60
Median Household Size
2.29

Education

High School
15.71%
Associate’s Degree
2.77%
Bachelor’s Degree
26.24%
Graduate Degree
36.17%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

Similar Homes

Veterans United Homefront Ad

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. Last Updated: May 23, 2024 12:23 pm.

Copyright © 2024 Veterans United Realty and Did You Serve, LLC. Homefront.com is NOT affiliated with any government agencies, including the VA. Homefront.com is a service of Did You Serve, LLC. Veterans United and the Veterans United House logo are registered trademarks of Mortgage Research Center, LLC, used under license agreement. Terms of Use.

Message

Interested in this home?

Request more information: