3
beds
2
baths
1,968
sqft
Built in
1921
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:
- 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.
-
Listing Status:
-
Active
-
Date Added:
- February 11, 2025
—
46 days ago
-
Listing Office:
-
Keller Williams Capital Properties, zakariya Mohamed hassan (703-987-9112)
-
Office Phone:
-
202-243-7700
-
MLS ID:
-
DCDC2184908
Features & Amenities
Interior
- Basement:
- Combination
- A/C:
- Central A/C
- Heating:
- Y, 90% Forced Air, Natural Gas
- Disability Feature:
- 2+ Access Exits
Exterior
- General:
- Above Grade, Below Grade
- Style:
- Victorian
Construction
- General:
- Brick, 3, Block
Location
- Originating MLS:
- BRIGHT_MAIN
- School District:
- DISTRICT OF COLUMBIA PUBLIC SCHOOLS
- County:
- WASHINGTON
Lot
- Zoning:
- RA-2, 1026//0141
- Current Use:
- 0
Utilities
- Water:
- Public
- Sewer:
- Public Sewer
Financial
- Source:
- BRIGHT_MAIN
This listing courtesy of:
Keller Williams Capital Properties, zakariya Mohamed hassan
Monthly Payment
- Principal & Interest $--
- Taxes $--
- Insurance $--
- VA Funding Fee $--
*Your actual payment may vary based on your unique situation.
$--- Est. Payment
-
$--- BAH
=
$--- Remaining
About Washington, DC
Housing
- Number of Units
- 355,879
- Median Home Value
- $676,049
- Median Rent
- $1,533
59.41%
of
housing units are renter occupied.
10.61% are vacant.
Commute
- Car
-
26.04%
- Public Transportation
-
22.45%
- Walk to Work
-
9.05%
- Work from Home
-
38.64%
- Other
-
0.89%
The median travel time to work is
21 minutes.
People
- Population
- 676,761
- Median Age
- 35.60
- Median Household Size
- 2.29
Education
- High School
-
15.71%
- Associate’s Degree
-
2.77%
- Bachelor’s Degree
-
26.24%
- Graduate Degree
-
36.17%
Disclaimer: Community and Demographic information uses data from the U.S.
Census Bureau
but is not endorsed or certified by the Census Bureau.
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