DC > Washington
Washington, DC 20002,1017 17TH PL NE
Washington, DC 20002,1017 17TH PL NE
Washington, DC 20002,1017 17TH PL NE
Washington, DC 20002,1017 17TH PL NE
Washington, DC 20002,1017 17TH PL NE
Washington, DC 20002,1017 17TH PL NE
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Real Broker

+1(571) 271-3105
$ 997,500
Est. payment | /mo

2,810 SqFt

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$ 997,500
Est. payment | /mo
Save

2,810 SqFt

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

Bright MLS (BMLS)
Listed by Alvin D Rice • Coldwell Banker Realty - Washington

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1017 17TH PL NE