DC > Washington
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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Listed by Alvin D Rice • Coldwell Banker Realty - Washington
$849,900
Est. payment /mo
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2,810 SqFt
Under Contract

1017 17TH PL NE Washington, DC 20002

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Tina Faleshock

Tina Faleshock

+1(717) 608-3044

UPDATED:

Key Details

Property Type Single Family Home, Multi-Family

Sub Type Twin/Semi-Detached

Listing Status Under Contract

Purchase Type For Sale

Square Footage 2,810 sqft

Price per Sqft $302

MLS Listing ID DCDC2187996

Style Other

Abv Grd Liv Area 2,810

Originating Board BRIGHT

Year Built 1936

Available Date 2025-03-10

Annual Tax Amount $7,600

Tax Year 2024

Lot Size 3,744 Sqft

Acres 0.09

Property Sub-Type Twin/Semi-Detached

Property Description

***EXCELLENT OPPORTUNITY FOR DEVELOPER*** 100% FINANCING AVAILABLE***Welcome to 1017 17th Place NE a multiple unit apartment building located in the subdivision of Trinidad/Langston Carver, Washington DC. At current, each unit offers 2 bedroom/1 bath with extended bump out. In need of renovation and/or repairs. 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 4 vehicles. Projected Condo Project: 8 units = (8) 2-bdrm at 900 s/f each ($485 s/f), Total s/f = 7,200; ARV = $3,492,000. Projected Construction Cost: Acquisition Cost $850,000; Construction Cost: $1,188,000 ($165+ per s/f x 7,200 s/f of living area); Negotiated Broker's Fee (5%); $174,600; Carrying Cost at 13% on $850,000: $221,000 (24 months); Plans & Permits: $50,000; Legal Fees: $10,000; Total Acquisition & Construction Cost: $2,493,600; Profit: $998,400; ROR: 40%; Very HOT area for new development. Condo conversion projects next door, across the street and three doors down. ENTIRE BUILDING IS VACANT. NO TOPA INVOLVED. PHOTOS DO NOT REPRESENT CURRENT CONDITION.

Location

State DC

County Washington

Zoning RA-2

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling None

Heat Source Natural Gas

Exterior

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)

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agent

Tina Faleshock

Associate Broker | ABAB068845

+1(717) 608-3044

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1017 17TH PL NE

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