Listing Courtesy Of:
Keller Williams Capital Properties, 2022437700, zakariya hassan
Local Realty Services Provided By:
Keller Williams Capitol Properties
Overview
What It'll Cost
Neighborhood
Similar Homes
$1,199,999
1361 FLORIDA AVE NE, WASHINGTON, DC 20002
3 Beds
2 Baths
1,968
sq ft
.04
ac
Log In to Reveal Price
$1,199,999
1361 FLORIDA AVE NE, WASHINGTON, DC 20002
Estimation provided by Keller Williams Realty Inc.
3 Beds
2 Baths
1,968
sq ft
.04
ac
Active
For Sale
Property Description
Shovel Ready, Prime Development Opportunity: 1361 Florida Ave NE, Washington, DC 20002Seize 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 unitLocation 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 attractionsInvestment 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.
Assessed Value is a combination of the land and additions.
2024
$43,305
(+208.12%)
$851,780
Land 522,650 +
Additions 329,130
2023
$14,054
(+15.82%)
$851,780
Land 522,650 +
Additions 329,130
2021
$12,135
(+32.71%)
$735,460
Land 455,090 +
Additions 280,370
2020
$9,144
(+5.12%)
$707,520
Land 435,940 +
Additions 271,580
2019
$8,699
(-1.39%)
$674,790
Land 414,370 +
Additions 260,420
2017
$8,821
$643,050
Land 398,580 +
Additions 244,470
The Property History data displayed is obtained from public records and/or MLS feeds from the local jurisdiction in which the applicable property is located. As kw.com cannot guarantee that all public records and MLS data is accurate and error-free, it is important that you contact your agent directly in order to obtain the most up-to-date information available.
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