HOMEOWNER & INVESTOR OPPORTUNITY IN HILLCREST! Spacious 3BR/1BA row home on a large lot that faces L'Enfant Square SE and backs through to Burns St SE. Next door is a $6M+ townhouse development, consisting of eight 2-unit townhouses priced between $780,000 - $795,000 (4 front on L’Enfant and 4 front on Burns). Three of these homes are currently under contract. Now back to the house itself – it has great bones, high ceilings, original hardwood floors, and enclosed rear porches that add sq. footage. Some TLC will go a long way here! But here’s the magic: UP TO 3 UNITS CAN BE BUILT ON THE LOT! For homeowners, this is an opportunity to buy a home, update it to your liking, and have the potential to add an additional unit or two down the road as an investment. For developers/investors – buy one home for a fair price in a great area and build up to three units next door to an already built, multi-million dollar residential development! Contact me for information about what is possible. Potential Redevelopment options provided by DC-based Zoning Attorney.
For owner-occupant buyers, this home qualifies for the George Mason Mortgage Welcome Home Program, offering a $10,000 grant towards downpayment and/or closing costs, a minimum downpayment as low as 3%, a below market interest rate, no PMI, and a standard 30 day closing date.
Courtesy of: RLAH @properties Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 28th January, 2023 4:10 PM (UTC)