Investor's Dream - Prime Development Opportunity in Truxton Circle!
Unlock the potential of this classic two-level rowhouse in the sought-after RF-1 zoned district, offering significant value-add potential in one of Washington, D.C.'s fastest-growing neighborhoods. Whether you're looking for a fix-and-flip project, a buy-and-hold rental investment, or an expansion opportunity, this property is brimming with possibilities.
Key Features:
3 Bedrooms | 1 Bath - A well-laid-out floor plan with ample space to reconfigure or modernize.
RF-1 Zoning - Potential for conversion into a multi-unit property, maximizing rental income or resale value.
Bright and Spacious Layout - Large windows fill the living spaces with natural light, highlighting the home's charm and historic character.
Separate Dining Room & Living Area - Ideal for redesigning into an open-concept space or keeping the classic structure.
Deep Backyard - Provides off-street parking potential or space for an addition/expansion.
Investor Advantages:
High Appreciation Area - Truxton Circle continues to see strong appreciation, fueled by its proximity to downtown D.C., Union Market, and major transit hubs.
Minutes to Union Station & the Capitol - Perfect for attracting high-income renters or professionals seeking prime access to D.C.'s core.
Strong Rental Demand - With D.C.'s robust rental market, a renovated version of this home could command premium rental rates.
Opportunity to Build Equity Quickly - Ideal for investors looking to renovate and resell, as surrounding renovated homes have sold for significantly higher prices.
Comparable Homes in the Area:
Recently renovated rowhouses with similar layouts have sold for over $900K, highlighting the profit potential for a well-executed renovation.
Rental properties in the area are leasing for $3,500+ per month, making this an attractive buy-and-hold opportunity.
With the right vision and updates, this property can be transformed into a high-value asset--whether you're planning a full-scale renovation for resale or creating a long-term rental investment.
Don't miss out on this lucrative opportunity! Schedule your showing today and bring your contractor or architect to explore the possibilities.
