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Listed by zakariya Mohamed hassan • Keller Williams Capital Properties

$1,150,000

Est. payment - /mo

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3 Beds

2 Baths

1,968 SqFt

New

1361 FLORIDA AVE NE Washington, DC 20002

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DC Homes Guide

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Key Details

Property Type Townhouse

Sub Type Interior Row/Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 1,968 sqft

Price per Sqft $584

Subdivision Old City #1

MLS Listing ID DCDC2203978

Style Victorian

Bedrooms 3

Full Baths 1

Half Baths 1

HOA Y/N N

Abv Grd Liv Area 1,362

Year Built 1921

Annual Tax Amount $43,305

Tax Year 2024

Lot Size 1,662 Sqft

Acres 0.04

Property Sub-Type Interior Row/Townhouse

Source BRIGHT

Property Description

Shovel Ready, Prime Development Opportunity: 1361 Florida Ave NE, Washington, DC 20002

Seize the chance to acquire a fully permitted and shovel-ready 7-unit apartment development project in the vibrant Trinidad neighborhood. Priced at $1.2 million, this property comes with approved plans, allowing developers to commence construction promptly.

Property Highlights:

- Address: 1361 Florida Ave NE, Washington, DC 20002

- Zoning: Commercial

- Approved Development: 7 residential units

- Projected Unit Sale Prices: $400,000 to $550,000 per unit

Location Advantages:

Situated in the heart of Trinidad, this property offers unparalleled access to Washington, D.C's dynamic urban lifestyle. Residents will benefit from proximity to:

- Transportation: Multiple bus routes and easy access to major thoroughfares

- Amenities: A diverse array of dining, shopping, and entertainment options

- Recreation: Nearby parks and cultural attractions

Investment Potential:

The Trinidad neighborhood has experienced significant appreciation, with comparable units selling within the projected price range. This development promises a substantial return on investment, capitalizing on the area's growth and demand for quality housing.

Next Steps:

With plans and permits in place, this project is primed for immediate development. Developers can expedite the construction process, meeting the market's demand efficiently.

Don't miss this exceptional opportunity to invest in one of Washington, D.C's most promising neighborhoods. For detailed plans, and financial projections, or to schedule a site visit, please contact us.

Location

State DC

County Washington

Zoning RA-2

Rooms

Basement Combination

Main Level Bedrooms 3

Interior

Hot Water 60+ Gallon Tank

Cooling Central A/C

Heat Source Natural Gas

Exterior

Water Access N

Accessibility 2+ Access Exits

Garage N

Building

Story 3

Foundation Block

Sewer Public Sewer

Water Public

Architectural Style Victorian

Level or Stories 3

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District District Of Columbia Public Schools

Others

Senior Community No

Tax ID 1026//0141

Ownership Fee Simple

SqFt Source Estimated

Acceptable Financing Cash, Conventional, Private

Listing Terms Cash, Conventional, Private

Financing Cash,Conventional,Private

Special Listing Condition Standard

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DC Homes Guide

REALTOR® & Broker-Owner | ibib98374181

+1(202) 643-4687

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1361 FLORIDA AVE NE Washington, DC 20002

DC Homes Guide

Key Details

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Rooms

Interior

Exterior

Building

Schools

Others

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1361 FLORIDA AVE NE