For Sale 1026 18th Street NE, Washington, DC 20002
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Description
ISO of Multi-Family/Condo developer to purchase Trinidad Investment opportunity. This semi-detached rowhome has the option to be turned into 4 units by right based on its zoning. Check disclosures for the yield study that the seller had done by his architects to develop the building into a multi-unit with four 2-BR/1-BA condos. Below are some numbers that will be helpful for analysis. The Floor Area Ratio for RA-2 By Right (includes cellar/penthouse/building) is 2.456 The Lot Area is 1634 The Gross Construction Area (GCA) by Right is 4,013 The Net Rentable Area is 3,247 Based on the square footage of each unit per the drawings below (yield study), at an estimated sales price based on $550/sf, the sales price for units would be as follows: Unit 1 (884 sf): $486,000 Unit 2 (819 sf): $445,500 Unit 3 (744 sf): $410,000 Unit 4 (800 sf): $440,000
Amenities
- Residential
- Structure: End of Row/Townhouse
- Levels: 3
- Zoning: RA-2
- Lot Size Acres: 0.04
- Lot SQFT: 1672
- Tax Total Finished SQFT: 2059
- Below Grade Unfin SQFT: 263
- Above Grade Fin SQFT: 1548
- Below Grade Fin SQFT: 511
- Total Below Grade SQFT: 774
- Total Finished SQFT: 2059
- Total SQFT: 2322
- Basement: Yes
- Heating: Yes
- In City Limits: Yes
- Tax Annual Amount: $3,591
- Tax Assessed Value: $465,880
- City/Town Tax: $3,591
- Total Taxes Frequency: Annually
- Soil Types
- Urban Land-Sassafras-Chillum
- Property Condition
- Major Rehab Needed
- Cooling Fuel
- Electric
- Heating Fuel
- Natural Gas
- Hot Water
- Electric
- Construction Materials
- Brick
- Heating Type
- 90% Forced Air
- Basement Type
- Partially Finished
- Other Structures
- Above Grade
- Below Grade
- Style
- Federal
- Water Source
- Public
- Story List
- Main
- Upper 1
- Type Of Parking
- On Street
Listing Provided Courtesy of
Brokerage: Compass
Agent: Jason E Townsend
MLS ID: DCDC494536
1026 18th Street NE
1026 18th Street NE
Neighborhood: Washington
1026 18th Street NE Washington, DC 20002
Mortgage Rates & Calculators
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