1630 Ridge Pl SE Investment Property with Multiple Exit Strategies Brick 2-bedroom, 2-bathroom rowhome in Southeast DC, spanning three finished levels and currently tenant-occupied at $1,300/month. The property can also be delivered vacant, creating an opportunity for investors to reconfigure into a 4-bedroom rental to maximize revenue through the voucher… Read More program - with potential rents reaching as high as $4,400/month. The property features a walkout basement with recreation space and utility area, a main level with living, dining, and kitchen, and an upper level with two bedrooms and a full bath. Additional highlights include a front porch and a nice private backyard, offering outdoor usability. For investors, this home delivers immediate rental income as a buy-and-hold opportunity, while also presenting strong potential as a rehab project. Located just minutes from Anacostia Park, Starbucks, Busboys and Poets, and the MLK Gateway development, the property sits in a corridor of ongoing growth and revitalization. Property is being sold strictly AS-IS. Property is being sold strictly AS-IS. Read Less
Courtesy of Abel Gebremichael, Keller Williams Capital Properties [email protected]
Listing Snapshot
Days Online
13
Last Updated
Property Type
Townhouse
Beds
2
Full Baths
1
Square Ft.
1,142
Lot Size
0.03 Acres
Year Built
1939
MLS Number
DCDC2222278
30 Days Snapshot Of 20020
$372k
+9%
(avg) sold price
19
-24%
homes sold
48
-30%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
Full, Fully Finished, Rear Entrance
Building
1,142 sqft living area, 832 sqft above grade (finished), 310 sqft below grade (finished), 106 sqft below grade (unfinished), Built in 1939, Structure Type: Interior Row/Townhouse, 3 levels, Colonial, Brick
Cooling
Electric, None
Heating
Natural Gas, Hot Water
Lot
1,111 sqft, 0.03 acres
Property
Other Structures: Above Grade, Below Grade, Soil Types: Urban Land-Beltsville-Chillum
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