$195,500
FOR SALE1426 Pacific Ave
Capitol Heights, Md, 20743
MLS #MDPG2201680
Subdivision: Capitol Heights
Building: -
5 Beds
4/1 Baths
3200 sqft
$ 61.09 /sqft
Investor Alert x2013; Over $200,000 in Equity Profit | 4 Level New Construction Opportunity | Blocks from Washington, DC. Exceptional investment opportunity just blocks from Washington, DC. This new construction project is already well underway with permits approved, utilities installed, foundation completed and inspected. No HOA or HOA Rules. Comps- 25 SOLD NEW Construction comps sold witin 1-2 miles from $550,000-$650,000 dollars. Upon completion, the property will feature a 3,200 sq ft, four-level home with 5 bedrooms and 4 bathrooms, designed as a two-unit style layout ideal for multi-generational living or rental income.Featuring:5 spacious bedrooms4 bathroomsFull kitchenLiving roomLaundry areaSeparate entrances and exits for two main levelsGarage ParkingThis flexible layout allows an owner to live in one level and rent the other levels out for strong cash flow, or rent both levels for maximum investment return.The property sits on a flat, cleared lot on a quiet suburban street, offering privacy while still being steps from the DC boundary.Project Status & Investment Highlights:Permits active and currentFoundation completed and inspectedNo stop-work ordersFloor plans and permits availableEstimated construction completion: 6x2013;8 weeksEstimated Costs to Complete:Approx. $150,000 to finish constructionLumber package for framing: approx. $17,000Buyers may bring their own contractor or use the current construction team to complete the build.Projected Value:Comparable new construction homes in the area are selling for approximately $600,000, creating the potential for over $200,000 in equity upon completion.IMPORTANT: Property sold as-is with active permits and approved plans, foundation done ONLY. Once purchased, the new buyer will have to finish the build out either using his own contractors or existing contractors will stay on and finish for additional $150,000 dollars. Several blocks from metro. All information and project documentation available for verification. Cash, Hard Money or Construction Loans Only.
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Listing Courtesy of: Taylor Properties
