712 61st Ave Capitol Heights, MD 20743

Listing details for 712 61st Ave, Capitol Heights, MD 20743 : Investor Alert – Over $200,000 in Equity Profit | New Construction Opportunity | One Block from Washington, DC 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, and plumbing groundworks completed and inspected. 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: Permits active and current Foundation completed and inspected Plumbing groundworks completed and inspected No stop-work orders Floor plans and permits available Estimated construction completion: 6–8 weeks Estimated Costs to Complete: Approx. $150,000 to finish construction Lumber package for framing: approx. $17,000 Framing labor: approx. $27,000 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 $200,000 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.