For Sale
$735,000

1017 Florida Ave Washington, DC 20002

2-Unit Condo, H Street Corridor, $735K

Overview

Added:
Dec 11, 2024
Days on market:
138
This vacant, two-unit apartment building at 1017 Florida Avenue NE, Washington, DC 20002, presents a compelling redevelopment opportunity. The 2,613 square foot property, built in 1920, sits on a 0.03-acre lot (APN 15992475) and is zoned RF-1. Approved plans are in place for conversion into a stunning two-unit condominium, featuring a three-bedroom, three-bathroom penthouse unit with a rooftop deck, and a spacious two-bedroom, 2.5-bathroom lower unit. This prime location near the H Street Corridor and NoMa/Union Market offers significant potential for appreciation. The current asking price is $735,000, with an estimated after repair value (ARV) of approximately $1.6 million. Infrastructure upgrades are currently underway on Florida Avenue, further enhancing the property's future value. This is an exceptional chance to capitalize on a burgeoning neighborhood and create a high-value asset. The property is currently vacant, allowing for immediate commencement of the redevelopment project. This presents a unique opportunity for investors seeking a high-return project in a rapidly appreciating area of Washington, D.C.

Highlights

  • Vacant two-unit apartment building at 1017 Florida Avenue NE, Washington, DC 20002.
  • 2,613 square foot building on a 0.03-acre lot (APN 15992475), built in 1920, zoned RF-1.
  • Approved plans for conversion into a two-unit condo: a three-bedroom, three-bathroom penthouse with rooftop deck, and a two-bedroom, 2.5-bathroom lower unit.
  • Prime location near H Street Corridor and NoMa/Union Market.
  • Asking price: $735,000; estimated ARV: $1.6 million.

Property Details for 1017 Florida Ave

Property type
Apartment buildings
Square Feet
2,613 SF
Year Built
1920
Lot Size (sq. ft)
1,307 SF
Units
2

Location Insight

City
Washington
County
District of Columbia
State
District of Columbia
Latitude
38.9033502
Longitude
-76.9920906

FAQs

What type of property is this?
Apartment building - 2-Unit Condo, H Street Corridor, $735K
Where is the apartment building located?
The property is located at 1017 Florida Ave Washington, DC.
What is the asking price?
The asking price for this property is $735,000.
What are key features of this property?
This property features: Vacant two-unit apartment building at 1017 Florida Avenue NE, Washington, DC 20002.; 2,613 square foot building on a 0.03-acre lot (APN 15992475), built in 1920, zoned RF-1.; Approved plans for conversion into a two-unit condo: a three-bedroom, three-bathroom penthouse with rooftop deck, and a two-bedroom, 2.5-bathroom lower unit.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
1017 Florida Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message