DC > Washington
Washington, DC 20002,1938 I ST NE
Washington, DC 20002,1938 I ST NE
Washington, DC 20002,1938 I ST NE
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Anthony Jones Jr

Anthony Jones Jr

+1(571) 229-8636
$999,000
Est. payment /mo
2,368 SqFt
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UPDATED:

Key Details

Property Type Multi-Family, Townhouse

Sub Type Interior Row/Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 2,368 sqft

Price per Sqft $421

MLS Listing ID DCDC2193932

Style Federal,Mid-Century Modern,Contemporary,Colonial

Abv Grd Liv Area 2,368

Originating Board BRIGHT

Year Built 1942

Annual Tax Amount $6,581

Tax Year 2023

Lot Size 2,432 Sqft

Acres 0.06

Property Sub-Type Interior Row/Townhouse

Property Description

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 DC's most desirable locations.

Act now to seize this turn-key development opportunity and position yourself for impressive returns in the dynamic NE DC market.

Location

State DC

County Washington

Zoning RA-2

Interior

Hot Water Electric

Heating Hot Water

Cooling Central A/C

Heat Source Electric

Exterior

Water Access N

Accessibility 2+ Access Exits

Garage N

Building

Foundation Concrete Perimeter, Other

Sewer Public Sewer

Water Public

Architectural Style Federal, Mid-Century Modern, Contemporary, Colonial

Additional Building Above Grade

New Construction Y

Schools

School District District Of Columbia Public Schools

Others

Tax ID 4477//0022

Ownership Fee Simple

SqFt Source Estimated

Acceptable Financing Cash, Joint Venture, Private, Other, Industrial Development Authority

Listing Terms Cash, Joint Venture, Private, Other, Industrial Development Authority

Financing Cash,Joint Venture,Private,Other,Industrial Development Authority

Special Listing Condition Standard

Read Less Info
Bright MLS (BMLS)
Listed by Nicola C Taylor • EXP Realty, LLC
agent

The J Walden Home Group

Phone

+1(571) 229-8636

Address

800 Corporate Dr 3rd Floor, Stafford, VA, 22554

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