HOMEOWNER & INVESTOR OPPORTUNITY IN HILLCREST! Spacious 3BR/1BA row home on a large lot that faces L'Enfant Square SE and backs through to Burns St SE.  Next door is a $6M+ townhouse development, consisting of eight 2-unit townhouses priced between $780,000 - $795,000 (4 front on L'Enfant and 4 front on Burns).  Three of these homes are currently under contract.  Now back to the house itself – it has  great bones, high ceilings, original hardwood floors, and enclosed rear porches that add sq. footage.  Some TLC will go a long way here! But here's the magic:  UP TO 3 UNITS CAN BE BUILT ON THE LOT!  For homeowners, this is an opportunity to buy a home, update it to your liking, and have the potential to add an additional unit or two down the road as an investment. For developers/investors – buy one home for a fair price in a great area and build up to three units next door to an already built, multi-million dollar residential development! Contact me for information about what is possible. Potential Redevelopment options provided by DC-based Zoning Attorney.

For owner-occupant buyers, this home qualifies for the George Mason Mortgage Welcome Home Program, offering a $10,000 grant towards downpayment and/or closing costs, a minimum downpayment as low as 3%, a below market interest rate, no PMI, and a standard 30 day closing date.