15 Halley Place Se Washington, DC 20032

$690,000
0.08
Acres
2,442
SQFT
283
$/SQFT
$690,000
2,442   sf
$283 / sf
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pending
1/20
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Opportunity Alert – Assumable 2.5% FHA Loan ($530K Balance, $3,113/Month!)This is a rare chance to assume a 2.5% FHA loan with an outstanding balance of $530,000 and a low monthly payment of $3,113 (including principal, insurance, and interest). That’s still over $1,400 per month in potential savings compared to today’s rates, offering unbeatable cash flow and long-term affordability. This is a move-in-ready, revenue-generating 4-unit multifamily in Washington, DC, located just steps from I-295 and Joint Base Anacostia-Bolling. It features stable Section 8 tenants and upstairs units currently under renovation, including the owner’s unit that is being reconfigured into a two-bedroom setup, unlocking tremendous value-add potential. Unit 1 (Section 8) rents for $1,330/month, and Unit 2 (Section 8) rents for $1,250/month. Unit 3 is vacant and under renovation, and Unit 4, the owner’s unit, is being converted into a two-bedroom with projected rent of $1,700 month. The downstairs tenant has expressed willingness to move upstairs, which would allow her current unit to also be converted into a two-bedroom with projected rent of another $1,700/month. Once fully stabilized and rented, the property will generate approximately $5,980/month in gross rent. With the assumable FHA loan at a 2.5% interest rate and a monthly mortgage of about $3,113, a buyer would net around $3,000 month in positive cash flow from day one. This kind of return is virtually unheard of in today’s market. It far surpasses any high-yield savings account or traditional investment vehicle. Beyond immediate cash flow, buyers also benefit from long-term appreciation, principal paydown, and significant tax advantages that only real estate provides. This property represents a rare opportunity to acquire a stabilized, high-yield asset in a prime location with built-in upside. Call now to learn about assumption requirements and unlock serious savings.

Opportunity Alert – Assumable 2.5% FHA Loan ($530K Balance, $3,113/Month!)This is a rare chance to assume a 2.5% FHA loan with an outstanding balance of $530,000 and a low monthly payment of $3,113 (including principal, insurance, and interest). That’s still over $1,400 per month in potential savings compared to today’s rates, offering unbeatable cash flow and long-term affordability. This is a move-in-ready, revenue-generating 4-unit multifamily in Washington, DC, located just steps from I-295 and Joint Base Anacostia-Bolling. It features stable Section 8 tenants and upstairs units currently under renovation, including the owner’s unit that is being reconfigured into a two-bedroom setup, unlocking tremendous value-add potential. Unit 1 (Section 8) rents for $1,330/month, and Unit 2 (Section 8) rents for $1,250/month. Unit 3 is vacant and under renovation, and Unit 4, the owner’s unit, is being converted into a two-bedroom with projected rent of $1,700 month. The downstairs tenant has expressed willingness to move upstairs, which would allow her current unit to also be converted into a two-bedroom with projected rent of another $1,700/month. Once fully stabilized and rented, the property will generate approximately $5,980/month in gross rent. With the assumable FHA loan at a 2.5% interest rate and a monthly mortgage of about $3,113, a buyer would net around $3,000 month in positive cash flow from day one. This kind of return is virtually unheard of in today’s market. It far surpasses any high-yield savings account or traditional investment vehicle. Beyond immediate cash flow, buyers also benefit from long-term appreciation, principal paydown, and significant tax advantages that only real estate provides. This property represents a rare opportunity to acquire a stabilized, high-yield asset in a prime location with built-in upside. Call now to learn about assumption requirements and unlock serious savings.

  • Neighborhood
  • Type
  • County
    Washington
  • Tax Amount
    $3,654
  • Status
    Pending
  • Listing #
    DCDC2212176
  • Built
    1953
  • Lot Size
    0.08
  • Listed on site
    142 days
  • Listing Agent Id
    121136184406

Listed by:
Fairfax Realty Premier

Source:
BRIGHT MLS

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School Info

Property details

Community Features

  • No HOA
  • No Adult Community

Property Features

  • No Builder Restrictions
  • Gas Utilities
  • Sewer

Exterior features

  • No Pool

Interior Features

  • Central Air Conditioning
  • Wood Floors

Style

  • Traditional

Property History

DateDays AgoEventNew Price
Sep 2, 20253 mos agoPrice decreased9,800 (1%)$690,000
Aug 21, 20254 mos agoPrice increased800 (0%)$699,800
Aug 5, 20254 mos agoPrice decreased20,999 (3%)$699,000
Jul 29, 20255 mos agoPrice decreased15,001 (2%)$719,999
Jul 23, 20255 mos agoNew on market$735,000
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