Amazing opportunity for a nearly shovel ready development! The seller has done the heavy lifting of starting the permit process and completing architectural drawings. The vacant four unit building has plans to convert into an 11 unit condo building. See similar finished projects at 1009 17th St NE (8 units) which had over $3.4M in out sales and 1021 17th St NE which projects over $3.6M in out sales. The current architectural drawing includes two 2 bed 2 bath units in the basement. Two 1 bed 1 bath and a studio on the first floor. Two 2 bed 2 bath units on floors 2,3 and 4. Our contractor estimates to finish the project are in the $1.3M range. Our out sale projections are in the $3.9M range.
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
|Active Under Contract||–||–|
|Price Reduced (from $1,500,000)||$1,400,000||$100,000 (6.67%)|
|Pending (from Active)||–||–|
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Listing information last updated on November 13th, 2019 at 6:31pm EST.