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1017 17Th Place NE Washington, DC $ 997,500
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$ 997,500 Get more info
1017 17Th Place NE
$ 997,500
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1017 17Th Place NE

Washington, DC, 20002
$ 997,500
Bedrooms4 Baths0.0

Monthly Estimate*

$ 6,630

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Multi-Family Home for sale in Washington, DC

for $997,500 with 4 bedrooms. This home was built in 1936 on a lot size of 0.09.

***EXCELLENT OPPORTUNITY FOR DEVELOPER*** Welcome to 1017 17th Place NE a multiple unit apartment building located in the subdivision of Trinidad/Langston Carver, Washington DC. Each unit offers 1 bedroom/1 bath with extended bump out. 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 3-4 vehicles. Projected Condo Project: 8 units = (8) 2-bdrm at 1,074 s/f each ($483 s/f), Total s/f = 8,598; ARV = $4,152,834. Projected Construction Cost: Acquisition Cost $997,500; Construction Cost: $1,418,670 ($165+ per s/f x 8,598 s/f of living area); Paid Commissions (5%): $207 642; Carrying Cost at 8%: $302,240 (18 months); Plans & Permits: $50,000; Legal Fees: $10,000; Total Acquisition & Construction Cost: $3,038,552; Profit: $1,114,552; ROR: 36.6%; Very HOT area for new development. 3 UNITS are vacant. Unit #4 is occupied. PLEASE NOT DISTURB TENANT. PROPERTY WILL CONVEY VACANT.

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Multi-Family Contingent

Price

$ 997,500

Bedrooms

4

Property Type

Multi-Family

Taxes

$ 7,600

Style

Lot Size

0.09

Year Built

1936

Town/City

Washington

County/Region

District of Columbia

MLS | Web ID

DCDC2129360
Features
Interior
Heating Fuel Natural Gas
Hot Water Natural Gas
Furnished Units None
Heating Y/N Y
Street Suffix PLACE
Central Air Y/N N
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General
Sewer Public Sewer
Heating Forced Air
Cooling None
Possession Other
Zoning RA-2
Pool Y/N No Pool
Architectural Style Other
Construction Materials Brick Stone
Year Built 1936
Property SubType Quadruplex
Tax Year 2024
Percent Ownership Fee Simple
Cool Fuel Electric
Accessibility None
County WASHINGTON
New Construction N
Property Type Multi-Family
Garage Y/N N
Water Access Y/N N
Other Structures Above Grade Below Grade
Status ACTIVE UNDER CONTRACT
Directions From downtown east on H Street NE; Turn left onto Bladensburg Road; Turn right onto L Street NE; Turn right onto 17th Place NE; Property on left (1017 17th Place NE)
City WASHINGTON
Buyer Agent Compensation 2.25
Total Units 4
Lot Size Square Feet 3744.00
Waterfront Y/N N
Street Name 17TH
Tax Annual Amount 7600.0
Home Warranty Y/N N
Two Bedroom 0
Structure Type Twin/Semi-Detached
Price Per Sq Ft 354.98
Vacation Rental Y/N N
Days on Market 1
Standard Status Active Under Contract
Year Built Source Estimated
Legal Subdivision Trinidad
Buyer Agent Compensation Type % Of Gross
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Exterior
Water Source Public
Type of Parking On Street
Foundation Details Brick/Mortar
Water View Y/N N
Lot Size Acres 0.09
Lot Size Units Square Feet
Lot Size Source Estimated
Soil Types Unknown
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 1017
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* Excluded Features
List By
Coldwell Banker Realty - Washington

Broker

alvinrice1@gmail.com

Email

Affordability Calculator

$7,263
Per Month
91%
9%
0%
Monthly Principal & Interest
$6,630
Monthly Property Taxes
$633
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3533234 Elementary School
3533273 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
3/7/2024$997,500 Listed Price

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1017 17Th Place NE, Washington, DC, 20002 is a Multi-Family Home for sale at $997,500 with a lot size of 0.09. 1017 17Th Place NE has 4 bedrooms, 0.0 baths, and was built in 1936. The property's zip code is 20002 which is in Washington, DC

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