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1938 I St NE
Trinidad, Washington, DC 20002
$1,299,999
description
1938 I St NE,
Washington,
DC
20002
Discover a prime condo conversion development opportunity in NE DC, strategically positioned near the vibrant H Street corridor. This VACANT (NO TOPA) 4-unit multi-family building comes ready for transformation, with Approved Plans and a recently issued Building Permit to construct 10 luxury condo units spanning a cellar, four floors, and a penthouse (PH) level. Additionally, the property includes two dedicated parking spaces.The development is designed to attract discerning buyers and investors, featuring:Two expansive three-bedroom penthouse units, each spread over the 4th floor and penthouse level.Six thoughtfully designed two-bedroom units.Two stylish one-bedroom units.With a projected construction cost estimated between $1.2M - $1.5M, this development offers a potential sales range from $3.4M - $3.9M. The anticipated ARV is based on $580/sqft to $670/sqft, ensuring a strong return on investment. The total gross area for the 10 units is 7,414 sqft, with a net living space of 5,862 sqft.Plans have been meticulously prepared by 2Plys Architecture, a firm renowned for their expertise in multifamily condo conversions in DC. This project is truly shovel-ready with all plans and permits in place, making it an exceptional opportunity for developers looking to make an immediate impact in one of DCs most desirable locations.Act now to seize this turn-key development opportunity and position yourself for impressive returns in the dynamic NE DC market. Contact us today for more details and to schedule a viewing.
모든 정보는 신뢰할 수 있는 것으로 간주되는 출처에서 제공되지만 오류, 누락, 가격 변경, 사전 판매 또는 통지 없이 철회될 수 있습니다. 설명, 측정, 평방 피트 또는 면적의 정확성에 대해 어떠한 표현도 하지 않으며 그렇게 의존해서는 안 됩니다. 여기에 있는 모든 정보는 고객이 확인해야 합니다. 사진, 비디오 및 기타 그래픽을 포함하되 이에 국한되지 않는 모든 콘텐츠에 대한 모든 권리는 해당 목록 콘텐츠를 제공한 브로커에게 독점적으로 유보됩니다. 이 사이트의 모든 광고는 연방 공정 주택법의 적용을 받습니다.
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Listing By: EXP Realty, LLC via Data Source: Bright MLS
가격 내역
date | 가격 | variance | type |
---|
11/6/2024 | $1,299,999 | - | 상장 |
listing agent: Nicola Taylor