UPDATED:
Key Details
Property Type Townhouse
Sub Type Interior Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 1,968 sqft
Price per Sqft $584
Subdivision Old City #1
MLS Listing ID DCDC2203978
Style Victorian
Bedrooms 3
Full Baths 1
Half Baths 1
HOA Y/N N
Abv Grd Liv Area 1,362
Year Built 1921
Annual Tax Amount $43,305
Tax Year 2024
Lot Size 1,662 Sqft
Acres 0.04
Property Sub-Type Interior Row/Townhouse
Source BRIGHT
Property Description
Seize the chance to acquire a fully permitted and shovel-ready 7-unit apartment development project in the vibrant Trinidad neighborhood. Priced at $1.2 million, this property comes with approved plans, allowing developers to commence construction promptly.
Property Highlights:
- Address: 1361 Florida Ave NE, Washington, DC 20002
- Zoning: Commercial
- Approved Development: 7 residential units
- Projected Unit Sale Prices: $400,000 to $550,000 per unit
Location Advantages:
Situated in the heart of Trinidad, this property offers unparalleled access to Washington, D.C's dynamic urban lifestyle. Residents will benefit from proximity to:
- Transportation: Multiple bus routes and easy access to major thoroughfares
- Amenities: A diverse array of dining, shopping, and entertainment options
- Recreation: Nearby parks and cultural attractions
Investment Potential:
The Trinidad neighborhood has experienced significant appreciation, with comparable units selling within the projected price range. This development promises a substantial return on investment, capitalizing on the area's growth and demand for quality housing.
Next Steps:
With plans and permits in place, this project is primed for immediate development. Developers can expedite the construction process, meeting the market's demand efficiently.
Don't miss this exceptional opportunity to invest in one of Washington, D.C's most promising neighborhoods. For detailed plans, and financial projections, or to schedule a site visit, please contact us.
Location
State DC
County Washington
Zoning RA-2
Rooms
Basement Combination
Main Level Bedrooms 3
Interior
Hot Water 60+ Gallon Tank
Cooling Central A/C
Heat Source Natural Gas
Exterior
Water Access N
Accessibility 2+ Access Exits
Garage N
Building
Story 3
Foundation Block
Sewer Public Sewer
Water Public
Architectural Style Victorian
Level or Stories 3
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Senior Community No
Tax ID 1026//0141
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash, Conventional, Private
Listing Terms Cash, Conventional, Private
Financing Cash,Conventional,Private
Special Listing Condition Standard
Get More Information
- Homes For Sale in Voorhees, NJ
- Homes For Sale in Willingboro, NJ
- Homes For Sale in Merchantville, NJ
- Homes For Sale in Runnemede, NJ
- Homes For Sale in Sewell, NJ
- Homes For Sale in Somerdale, NJ
- Homes For Sale in Maple Shade, NJ
- Homes For Sale in Woodbury, NJ
- Homes For Sale in Audubon, NJ
- Homes For Sale in Tuckerton, NJ
- Homes For Sale in Cherry Hill, NJ
- Homes For Sale in Mount Laurel, NJ
- Homes For Sale in Medford, NJ
- Homes For Sale in Moorestown, NJ