H Street/Gallaudet/Union Market Development
$735,000
1017 Florida Avenue Northeast, Washington, DC 20002
Multifamily
Development Type
2,653 sqft
Building Size
Details:
Description:
Best and Final Offers due Oct 9, 23! Fantastic development opportunity conveniently situated near the H Street Corridor and hot NoMa/Union Market! This stately Victorian rowhouse is being delivered with stamped and permitted redevelopment plans. Great opportunity to add your design vision to the existing plans to create a stunning 2-unit gem in a prime location. The permitted configuration is for a 3-bedroom 3 bath penthouse unit with rooftop deck, and a spacious 2-bedroom 2.5-bath lower unit. Perfect for condo conversion, or grand main unit with separate income generating unit. ARV of completed project is approximately $1.6M ($900K for 3 BR Unit and $700K for 2 BR Unit). Comparables are included in documents. Purchase and develop now while infrastructure street upgrades are in-progress on Florida Ave. This will be a great property on a magnificent boulevard between H Street and NoMa, once both are complete.
Documents:
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1017-Florida-Ave-NE-3_BR_Comps.pdf
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1017-Florida-Ave-NE-2_BR_Comps.pdf
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1017_Florida_Ave_NE_Approved_Rear_Yard_Landscape_Permit_Dwgs.pdf
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1017_Florida_Ave_NE_Bldg_Permit_01-22-24.pdf
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1017_Florida_Ave_NE_Landscape_Permit_08-16-23.pdf
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1017_Florida_Ave_NE_Approved_Permit_Dwgs_01-22-24.pdf
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Location
Gallery
