5303 JAY Street NE Price drop of over $30, 000! Welcome to this spacious, three-level town home located in the Deanwood Subdivision of Washington, D. C. Located near Deanwood Metro station, this area provides access to Maryland, D. C. and Virginia. It is slated for mixeduse development and will Include housing, retail, and a new public library ( 20, 000 sq ft). Nearby zoning changed from production/distribution/repair to medium-density mixed-use. If you are looking for a property to upgrade and make your own or to have as a potential investment property, then this one should be a top consideration. This property features a spacious living area upon entry that flows into an eat-in kitchen. Upstairs, you'll find three bedrooms rooms and a full bath. The lower level features and open recreation area, a bedroom and a full walk out exit. Add a full bathroom to create a separate unit. This property is a canvas ready for soft paint, wood flooring, recessed lights and upgraded fixtures and hardware. This property is waiting for someone to make it look like a model home. Properties in the area of similar size and bedroom number that are fully renovated have sold for as high as $450, 000. Flip this property. Or, buy this and have instant equity. Live in it or rent it out for a great return over time.