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1625 21st Pl
For Sale $1,349,900 ($674.95 per Sq Ft)
$1,349,900 ($674.95 per Sq Ft)
- 4 Units
- 2,000 Sq Ft
- 2,500 Sq Ft
- Unknown Cap Rate
Description
1625 21st Pl SE represents an exceptional investment opportunity in a burgeoning market. The approved plans for a 20-unit condominium development in the rapidly transforming Anacostia neighborhood provide
a clear path to high returns. With strong market fundamentals, a prime location, and robust neighborhood amenities, this property is well-positioned to meet the growing demand for quality housing in
Washington, DC.
The property's value is significantly enhanced by the pre-approved development plans
for a 20-unit condominium building. This approval mitigates much of the initial
development risk and expedites the construction timeline, allowing investors to
capitalize on the market demand more quickly poised to deliver substantial returns in
one of the city's most promising real estate markets.
The 20 units are a mixture of one (1) beds / one (1) bath & two (2) beds / two (2) baths and ranging from 550 sqft to almost 800 sqft.
Offering Memorandum and full financial analysis are provided in the documents section. The approved plans and permits will be provided by agents to any interested party for proper due diligence.
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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 | $1,349,900 |
| Property Type | Other |
| Usable Sqft | 2,000 |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1931 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 5592//0028 |
| MLS # | DCDC2145692 |
| Property ID | 320570713 |
| Lot Sqft | 2,500 |
| Zoning | RA-2 |
| Total Units | 4 |
| Days on Market | 171 |
| Original List Price | Unknown |
| Date Updated | October 31, 2024 |
| Date Created | June 09, 2024 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
David L Moretz II an agent of NHT Real Estate LLC. Lic #SP98372236
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Data last updated: November 27, 2024.
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REAL ESTATE AGENT