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: -… Read More 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. Read Less
Courtesy of Zak hassan, Keller Williams Capital Properties [email protected]
Listing Snapshot
Days Online
12
Last Updated
Property Type
Townhouse
Beds
3
Full Baths
1
Partial Baths
1
Square Ft.
1,968
Lot Size
0.04 Acres
Year Built
1921
MLS Number
DCDC2184908
30 Days Snapshot Of 20002
$805k
+20%
(avg) sold price
48
-4%
homes sold
58
-26%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
Combination
Building
1,968 sqft living area, 1,362 sqft above grade (finished), 606 sqft below grade (finished), Built in 1921, Structure Type: Interior Row/Townhouse, 3 levels, Victorian, Brick
Cooling
Central Air, None, Central A/C
Accessibility Features
2+ Access Exits
Foundation
Block
Heating
Natural Gas, 90% Forced Air
Lot
1,662 sqft, 0.04 acres
Property
Other Structures: Above Grade, Below Grade, Soil Types: Unknown
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