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1938 I STREET
Washington, DC 20002
Quick Facts
- Area:2368sq ft
- Style:Federal,Mid-Century Modern,Contemporary,Colonial
- Year Built:1942
- Lot Size:0.06 acres
Description:
Discover a prime condo conversion development opportunity in NE DC, strategically positioned near the vibrant H Street corridor. This VACANT (NO TOPA) 4-unit multi-family building comes ready for transformation, with Approved Plans and a recently issued Building Permit to construct 10 luxury condo units spanning a cellar, four floors, and a penthouse (PH) level. Additionally, the property includes two dedicated parking spaces. The development is designed to attract discerning buyers and investors, featuring: Two expansive three-bedroom penthouse units, each spread over the 4th floor and penthouse level. Six thoughtfully designed two-bedroom units. Two stylish one-bedroom units. With a projected construction cost estimated between $1.2M - $1.5M, this development offers a potential sales range from $3.4M - $3.9M. The anticipated ARV is based on $580/sqft to $670/sqft, ensuring a strong return on investment. The total gross area for the 10 units is 7,414 sqft, with a net living space of 5,862 sqft. Plans have been meticulously prepared by 2Plys Architecture, a firm renowned for their expertise in multifamily condo conversions in DC. This project is truly shovel-ready with all plans and permits in place, making it an exceptional opportunity for developers looking to make an immediate impact in one of DC’s most desirable locations. Act now to seize this turn-key development opportunity and position yourself for impressive returns in the dynamic NE DC market. Contact us today for more details and to schedule a viewing.
| Status | Active |
| Added to RealtyWatch | December 12, 2024 - 10 days ago |
| Listing Office | EXP Realty, LLC, Nicola C Taylor |
| MLS ID | DCDC2171604 |
Schedule a Showing
Interior
- A/C: Central A/C
- Heating: Y, Hot Water, Electric
- Disability Feature: 2+ Access Exits
Exterior
- General: Above Grade
- Style: Federal,Mid-Century Modern,Contemporary,Colonial
Construction
- General: Brick, Concrete Perimeter,Other
Location
- Originating MLS: BRIGHT_MAIN
- School District: DISTRICT OF COLUMBIA PUBLIC SCHOOLS
- County: WASHINGTON
Lot
- Zoning: RA-2, 4477//0022
- Current Use: 0
Utilities
- Water: Public
- Sewer: Public Sewer
Financial
- Source: BRIGHT_MAIN
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