(443) 480-1181
Listing photo for 1017 17th Pl Ne, WASHINGTON, DC
Listing photo for 1017 17th Pl Ne, WASHINGTON, DC
Listing photo for 1017 17th Pl Ne, WASHINGTON, DC
Listing photo for 1017 17th Pl Ne, WASHINGTON, DC
Listing photo for 1017 17th Pl Ne, WASHINGTON, DC
Listing photo for 1017 17th Pl Ne, WASHINGTON, DC
Listing photo for 1017 17th Pl Ne, WASHINGTON, DC
Listing photo for 1017 17th Pl Ne, WASHINGTON, DC
Listing photo for 1017 17th Pl Ne, WASHINGTON, DC
Listing photo for 1017 17th Pl Ne, WASHINGTON, DC
Listing photo for 1017 17th Pl Ne, WASHINGTON, DC
Listing photo for 1017 17th Pl Ne, WASHINGTON, DC
Listing photo for 1017 17th Pl Ne, WASHINGTON, DC
Listing photo for 1017 17th Pl Ne, WASHINGTON, DC
Listing photo for 1017 17th Pl Ne, WASHINGTON, DC
Listing photo for 1017 17th Pl Ne, WASHINGTON, DC
Listing photo for 1017 17th Pl Ne, WASHINGTON, DC
Listing photo for 1017 17th Pl Ne, WASHINGTON, DC
Listing photo for 1017 17th Pl Ne, WASHINGTON, DC
Listing photo for 1017 17th Pl Ne, WASHINGTON, DC
Listing photo for 1017 17th Pl Ne, WASHINGTON, DC
Listing photo for 1017 17th Pl Ne, WASHINGTON, DC
Listing photo for 1017 17th Pl Ne, WASHINGTON, DC
Listing photo for 1017 17th Pl Ne, WASHINGTON, DC
Listing photo for 1017 17th Pl Ne, WASHINGTON, DC
Listing photo for 1017 17th Pl Ne, WASHINGTON, DC
Listing photo for 1017 17th Pl Ne, WASHINGTON, DC
Listing photo for 1017 17th Pl Ne, WASHINGTON, DC
Listing photo for 1017 17th Pl Ne, WASHINGTON, DC
Listing photo for 1017 17th Pl Ne, WASHINGTON, DC
Listing photo for 1017 17th Pl Ne, WASHINGTON, DC
Listing photo for 1017 17th Pl Ne, WASHINGTON, DC
Listing photo for 1017 17th Pl Ne, WASHINGTON, DC
Listing photo for 1017 17th Pl Ne, WASHINGTON, DC
Listing photo for 1017 17th Pl Ne, WASHINGTON, DC
Listing photo for 1017 17th Pl Ne, WASHINGTON, DC
Listing photo for 1017 17th Pl Ne, WASHINGTON, DC
Listing photo for 1017 17th Pl Ne, WASHINGTON, DC
Listing photo for 1017 17th Pl Ne, WASHINGTON, DC
Listing photo for 1017 17th Pl Ne, WASHINGTON, DC
Listing photo for 1017 17th Pl Ne, WASHINGTON, DC
Listing photo for 1017 17th Pl Ne, WASHINGTON, DC
Listing photo for 1017 17th Pl Ne, WASHINGTON, DC
Listing photo for 1017 17th Pl Ne, WASHINGTON, DC
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1017 17th Pl Ne,

WASHINGTON, DC

$997,500

2,810 Sqft
0.09 Acres

***EXCELLENT OPPORTUNITY FOR DEVELOPER*** Welcome to 1017 17th Place NE a multiple unit apartment building located in the subdivision of Trinidad/Langston Carver, Washington DC. Each unit offers 1 bedroom/1 bath with extended bump out. Excellent opportunity for a multiple unit condo conversion. Lot size: 3,744 s/f; Zoning RA-2; NO PLANS OR PERMITS. Very deep rear yard. Parking up to 3-4 vehicles. Projected Condo Project: 8 units = (8) 2-bdrm at 1,074 s/f each ($483 s/f), Total s/f = 8,598; ARV = $4,152,834. Projected Construction Cost: Acquisition Cost $997,500; Construction Cost: $1,418,670 ($165+ per s/f x 8,598 s/f of living area); Paid Commissions (5%): $207 642; Carrying Cost at 8%: $302,240 (18 months); Plans & Permits: $50,000; Legal Fees: $10,000; Total Acquisition & Construction Cost: $3,038,552; Profit: $1,114,552; ROR: 36.6%; Very HOT area for new development. 3 UNITS are vacant. Unit #4 is occupied. PLEASE NOT DISTURB TENANT. PROPERTY WILL CONVEY VACANT.

Facts & Features
MLS® # DCDC2129360
Price $997,500
Bathrooms 0.00
Square Footage 2,810
Acres 0.09
Year Built 1936
Type Multi-Family
Sub-Type Quad, Twin/Semi-Detached
Style Other
Status Active Under Contract
Community Information
Address 1017 17th Pl Ne
City WASHINGTON
County WASHINGTON-DC
State DC
Zip Code 20002
Amenities
Is Waterfront No
Interior
Heating Forced Air
Cooling None
Has Basement No
Fireplace No
Exterior
Exterior Brick and Siding, Stone
Foundation Brick/Mortar
School Information
District DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Additional Information
Date Listed March 7th, 2024
Days on Market 1
Zoning RA-2
Foreclosure No
Short Sale No
RE / Bank Owned No
Listing Details
Office Coldwell Banker Realty - Washington
Office Contact (202) 387-6180
Photo of Richard Budden

Richard Budden

Cell: (443) 480-1181
Print Contact Agent

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Listing information last updated on May 3rd, 2024 at 6:03pm EDT.