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1017 17th Pl
For Sale $849,900 ($302.46 per Sq Ft)
$849,900 ($302.46 per Sq Ft)
- Unknown Bedrooms
- Unknown Bathrooms
- 2,810 Sq Ft
- 3,744 Sq Ft
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.
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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 | $849,900 |
| Property Type | Fourplex (4-units) |
| Usable Sqft | 2,810 |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1936 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 4473//0111 |
| MLS # | DCDC2187996 |
| Property ID | 321324890 |
| Lot Sqft | 3,744 |
| Zoning | RA-2 |
| Total Units | 4 |
| Days on Market | 7 |
| Original List Price | Unknown |
| Date Updated | March 10, 2025 |
| Date Created | March 04, 2025 |
Listing Provided By
Alvin D Rice an agent of . Lic #SP98363611
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Data last updated: March 11, 2025.
Robert Crawford
REAL ESTATE AGENT