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Marjorie Dick Stuart

  • Cell 240-731-8079
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1017 17th Pl Ne, WASHINGTON, DC – $997,500

  • $998k Price
  • 2,810 Sqft
  • .09 Acres
  • 1 DOM
  • $998k Price
  • 2,810 Sqft
  • .09 Acres
  • 1 DOM

1017 17th Pl Ne

***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); Paid Commissions (5%): $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.

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Essential Information

  • MLS® #DCDC2129360
  • Price$997,500
  • Bathrooms0.00
  • Square Footage2,810
  • Acres0.09
  • Year Built1936
  • TypeMulti-Family
  • Sub-TypeQuad, Twin/Semi-Detached
  • StyleOther
  • StatusActive Under Contract

Community Information

  • Address1017 17th Pl Ne
  • CityWASHINGTON
  • CountyWASHINGTON-DC
  • StateDC
  • Zip Code20002

Interior

  • HeatingForced Air
  • CoolingNone

Exterior

  • ExteriorBrick and Siding, Stone
  • FoundationBrick/Mortar

School Information

District

DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Additional Information

  • Date ListedMarch 7th, 2024
  • Days on Market1
  • ZoningRA-2

Listing Details

  • Office Contact(202) 387-6180

Office

Coldwell Banker Realty - Washington

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Listing information last updated on April 30th, 2024 at 1:15am CDT.