About 1507 17th St Se
1507 17TH ST SE: 4-UNIT VALUE-ADD ASSET (1 VACANT / 3 OCCUPIED). Solid brick 4-unit building offered at an accessible price point, presenting a direct repositioning opportunity for an owner-occupant or value-add investor. The building layout features one (1) vacant unit ready for immediate occupancy or market lease-up, alongside three (3) occupied units with scheduled rents of $1,000, $1,100, and $1,400 per month.
The property is in need of cosmetic and capital improvements, making it an ideal candidate for FHA 203(k) renovation financing, Fannie Mae HomeStyle, or private construction loans to renovate, stabilize, and build forced equity over time. The pricing is positioned attractively relative to nearby block sales, including the recent closing of 1523 17th St SE in similar condition for $485,000.
TERMS & FIDUCIARY STATUS:
The seller is an appointed trustee and is exempt from standard D.C. property disclosure statement requirements. Sold strictly AS-IS, WHERE-IS, with all faults. Buyer and buyer's broker are solely responsible for performing all independent due diligence regarding existing lease agreements, tenant payment history, regulatory status, Certificate of Occupancy, Basic Business License compliance, and overall structural/mechanical condition.
