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Tamika R. Johnson

tamika@tamikajohnson-realtor.com +1(240) 602-4348

$ 745,000

Est. payment -/mo

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Active

3001 CHANNING ST NE Washington, DC 20018

5 Beds

2 Baths

7,000 SqFt

UPDATED:

02/10/2025 03:21 PM

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 7,000 sqft

Price per Sqft $106

Subdivision Woodridge

MLS Listing ID DCDC2184608

Style Other

Bedrooms 5

Full Baths 2

HOA Y/N N

Abv Grd Liv Area 5,000

Originating Board BRIGHT

Year Built 1925

Annual Tax Amount $3,271

Tax Year 2024

Lot Size 0.330 Acres

Acres 0.33

Property Sub-Type Detached

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!

Location

State DC

County Washington

Zoning R

Rooms

Basement Full

Main Level Bedrooms 5

Interior

Hot Water Other

Heating None

Cooling None

Fireplaces Number 1

Fireplace Y

Heat Source None

Exterior

Water Access N

Accessibility None

Garage N

Building

Story 3

Foundation Other

Sewer Public Sewer

Water Public

Architectural Style Other

Level or Stories 3

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District District Of Columbia Public Schools

Others

Senior Community No

Tax ID 4360//0808

Ownership Fee Simple

SqFt Source Estimated

Special Listing Condition Standard

Listed by Thomas S Hennerty • NetRealtyNow.com, LLC

Tamika R. Johnson

Broker Associate | License ID: 607079

+1(240) 602-4348

Tamika R. Johnson

3001 CHANNING ST NE Washington, DC 20018

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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3001 CHANNING ST NE