Homes for sale - 1017 17TH PL NE, Washington, DC 20002

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$997,500

Est. payment - /mo

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2,810 SqFt

Pending

1017 17TH PL NE Washington, DC 20002

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Matt Kilmer

matt@movewithmatt.net +1(540) 931-6089

UPDATED:

11/16/2024 10:36 AM

Key Details

Property Type Single Family Home, Multi-Family

Sub Type Twin/Semi-Detached

Listing Status Pending

Purchase Type For Sale

Square Footage 2,810 sqft

Price per Sqft $354

MLS Listing ID DCDC2129360

Style Other

Abv Grd Liv Area 2,810

Originating Board BRIGHT

Year Built 1936

Annual Tax Amount $7,600

Tax Year 2024

Lot Size 3,744 Sqft

Acres 0.09

Property Description

***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); $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.

Location

State DC

County Washington

Zoning RA-2

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling None

Heat Source Natural Gas

Exterior

Waterfront N

Water Access N

Accessibility None

Garage N

Building

Foundation Brick/Mortar

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District District Of Columbia Public Schools

Others

Tax ID 4473//0111

Ownership Fee Simple

SqFt Source Estimated

Special Listing Condition Standard

Listed by Alvin D Rice • Coldwell Banker Realty - Washington

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Matt Kilmer

Agent | (VA)0225238026 (WV)WVS2003010

+1(540) 931-6089