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1361 Florida Ave
For Sale $1,199,999
$1,199,999
- 1 Units
- Unknown Sq Ft
- 1,662 Sq Ft
- Unknown Cap Rate
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.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,199,999 |
| Property Type | Flex Space |
| Usable Sqft | Unknown |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1921 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 1026//0141 |
| MLS # | DCDC2184872 |
| Property ID | 293810906 |
| Lot Sqft | 1,662 |
| Zoning | RA-2 |
| Total Units | 1 |
| Days on Market | 11 |
| Original List Price | Unknown |
| Date Updated | February 11, 2025 |
| Date Created | February 10, 2025 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
zakariya Mohamed hassan an agent of Keller Williams Capital Properties.
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Data last updated: February 21, 2025.
Robert Crawford
REAL ESTATE AGENT