Property
Washington, DC 20002 1017 17Th Place NE
$997,500
Pending
39 more
Presented By: Coldwell Banker Realty - Washington
Beds • 4
Home Details
***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.
Presented By: Coldwell Banker Realty - Washington
Interior Features for 1017 17Th Place NE
Bedrooms
Three Bedroom Units Count
Other Interior Features
LivingAreaSourceEstimated
Central Air Y/NNo
Furnished UnitsNone
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterNatural Gas
General for 1017 17Th Place NE
AccessibilityNone
Architectural StyleOther
CityWASHINGTON
Construction MaterialsBrick, Stone
Contingency TypeFinancing Approval
Cool FuelElectric
CoolingNone
CountyWASHINGTON
Days on Market1
DirectionsFrom downtown, east on H Street NE; Turn left onto Bladensburg Road; Turn right onto L Street NE; Turn right onto 17th Place NE; Property on left (1017 17th Place NE)
Garage Y/NNo
HeatingForced Air
Home Warranty Y/NNo
Legal SubdivisionTrinidad
Lot Size Square Feet3744.00
Lot Size UnitsSquare Feet
ModificationTimestamp2024-08-21T12:08:49
New ConstructionNo
NumberOfUnitsTotal4
NumberOfUnitsVacant3
One Bedroom Units Count4
Other StructuresAbove Grade, Below Grade
Percent OwnershipFee Simple
PossessionOther
Price Per Sq Ft Total AG354.98
Property SubTypeQuadruplex
Property TypeMulti-Family
School DistrictDISTRICT OF COLUMBIA PUBLIC SCHOOLS
SewerPublic Sewer
Single Room Units Count0
Standard StatusPending
StatusPENDING
Structure TypeTwin/Semi-Detached
Tax Annual Amount7600.0
Tax Assessed Value950000.0
Tax Year2024
Total SQFT2810
Two Bedroom0
Vacation Rental Y/NNo
Water Access Y/NNo
Waterfront Y/NNo
Year Built1936
Year Built SourceEstimated
ZoningRA-2
Exterior for 1017 17Th Place NE
Foundation DetailsBrick/Mortar
Lot Size Acres0.09
Lot Size SourceEstimated
Navigable Water Y/NNo
PoolNo Pool
Soil TypesUnknown
Type of ParkingOn Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Additional Details
Price History
Jonathan Damas
Associate