Listed By:
Equilibrium Realty, LLC
Address
1017 Florida Avenue NE, Washington, DC
Price
$ 735,000
Property Attributes
  • MLS#DCDC2041036
  • TypeMulti-Family
  • CountyWASHINGTON
  • CityWashington
  • NeighborhoodH Street Corridor
  • Zip20002
  • StyleVictorian
  • Year Built1920
  • Taxes$ 35643
  • Price$ 735,000
  • Bedrooms5
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.03 Acres
Data Source:
Bright MLS
Property Description

Fantastic development opportunity conveniently situated near the H Street Corridor and hot NoMa/Union Market! This stately Victorian rowhouse is being delivered with stamped and permitted redevelopment plans. Great opportunity to add your design vision to the existing plans to create a stunning 2-unit gem in a prime location. The permitted configuration is for a 3-bedroom 3 bath penthouse unit with rooftop deck, and a spacious 2-bedroom 2.5-bath lower unit. Perfect for condo conversion, or grand main unit with separate income generating unit. ARV of completed project is approximately $1.6M ($900K for 3 BR Unit and $700K for 2 BR Unit). Comparables are included in documents. Purchase and develop now while infrastructure street upgrades are in-progress on Florida Ave. This will be a great property on a magnificent boulevard between H Street and NoMa, once both are complete. Interior photos are in MLS Virtual Tour.

Elementary School Middle School High School
J.O. Wilson Elementary School Stuart-Hobson Middle School Eastern High School
Price History
3/6/2023 Listed $895,000
8/24/2023 28% - $649,900

General Features

Sewer Public Sewer
Heating None
Cooling None
Possession Settlement
Zoning RF-1
Pool Y/N No Pool
Architectural Style Victorian
Construction Materials Brick
Year Built 1920
Property SubType Duplex
Tax Year 2021
Percent Ownership Fee Simple
Cool Fuel None
Accessibility None
County WASHINGTON
New Construction No
Property Type Multi-Family
Subdivision Name H STREET CORRIDOR
Garage Y/N No
Water Access Y/N No
Other Structures Above Grade
Status ACTIVE
Directions See GPS
ModificationTimestamp 2024-01-24T16:41:07
City WASHINGTON
Buyer Agent Compensation 2.5
Disclosures Owner RE Licensee,Agent has Financial Interest
Zoning Description The purpose of the RF-1 zone is to be developed with row houses on small lots within which no more than two (2) dwelling units.
Total Units 1
Lot Size Square Feet 1200.00
Tax Assessed Value 739550.0
Waterfront Y/N No
Street Name FLORIDA
Tax Annual Amount 35643.0
Two Bedroom 1
Structure Type Interior Row/Townhouse
Price Per Sq Ft 492.63
Acceptable Financing Cash,Bank Portfolio,Conventional,Private
Vacation Rental Y/N No
Virtual Tour https://drive.google.com/drive/folders/1GWxOCyUy1sLidBpJSYAGiCeY4cLGkVn1?usp=sharing
Total SQFT 1492
Days on Market 665
Standard Status Active
Year Built Source Estimated
Legal Subdivision Old City 1
Buyer Agent Compensation Type % Of Gross

Interior Features

Heating Fuel None
Basement Unfinished
Hot Water None
Basement (Y/N) Yes
Street Suffix AVENUE
Central Air Y/N No
LivingAreaSource Estimated
Three Bedroom Units Count 1

Exterior Features

Water Source Public
Type of Parking On Street
Foundation Details Other
Water View Y/N No
Lot Size Acres 0.03
Lot Size Units Square Feet
Lot Size Source Estimated
Soil Types Unknown
Navigable Water Y/N No
Water Oriented Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 20002

Price
AVG $1.16M
$740K
Taxes
AVG $7,687
$35,643
Visits
AVG 374
952
Data Provided by Inside Real Estate®
Year Built
AVG 1936
1920
Walkscore
AVG 85
90
Data Provided by Walkscore® not using MLS data