712 61st Avenue, CAPITOL HEIGHTS, MD 20743 (MLS # MDPG2199906)

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PRICE $329,995 BEDS 6 BATHS 3 HOME SIZE 3,000 sqft LOT SIZE 5,663 sqft Request More Info Schedule a Showing

Investor Alert - New Construction Property Flip -Over $150,000 in Profit | New Construction Opportunity | One Block from Washington, DC. This new constucction property is 50% completed and sold as is, about $80,000 needed to finish construction after purchuse. Exceptional investment opportunity just one block from Washington, DC. This new construction project is already well underway with permits approved, utilities installed, foundation completed and inspected, plumbing groundworks completed and inspected and framing almost done. Upon completion, the property will feature a 3,000 sq ft, two-level home with 6 bedrooms and 3 bathrooms, designed as a two-unit style layout ideal for multi-generational living or rental income. Each level will include approximately 1,500 sq ft of living space, featuring: 3 spacious bedrooms 1-2 full bathrooms Full kitchen Living room Laundry area Separate entrances and exits for each level Large Driveway for 2-3 cars. This flexible layout allows an owner to live in one unit and rent the other 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: SOLD AS IS Permits active and current Foundation completed and inspected Plumbing groundworks completed and inspected Framing will be delivered completed No stop-work orders Floor plans and permits available Estimated construction completion: 4-5 weeks Estimated Costs to Complete: Approx. $80,000-$100,000 to finish construction Buyers 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 $150,000 in equity upon completion. Property sold as-is with active permits and approved plans, foundation and plumbing done only. No HOA or HOA Rules. Several blocks from metro. All information and project documentation available for verification. Cash, Hard Money or Construction Loans Only.