1938 I ST NE Washington, DC 20002
2,368 SqFt
UPDATED:
11/21/2024 07:38 PM
Key Details
Property Type Townhouse
Sub Type Interior Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 2,368 sqft
Price per Sqft $548
MLS Listing ID DCDC2169630
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 Description
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. Contact us today for more details and to schedule a viewing.
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
