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1014 17th St
For Sale $950,000 ($290.34 per Sq Ft)
$950,000 ($290.34 per Sq Ft)
- Unknown Bedrooms
- Unknown Bathrooms
- 3,272 Sq Ft
- 4,212 Sq Ft
Description
This four-unit building offers an amazing development opportunity, a buy-and-hold opportunity, or fits the home hack investor looking to build equity as an owner-occupant. RA-2 zoning permits moderate and medium-density rowhouses and apartments. By right FAR of 1.8 + additional 0.4 FAR in a penthouse, building height of 50', and lot occupancy of 60% on the 4,214 sq ft lot. Buildings at 1010 and 1022 17th Street NE show the density potential of 10+ units. Currently arranged as a four-unit building, all 2 BR and 1 BA units. Fully tenanted, providing reliable rental income for cash flow. Looking to house hack? An owner-occupant can vacate one unit for easy move-in, offset expenses with rental income, and build equity fast.
The property boasts a history of strong occupancy and dependable cash flow, thanks to the high demand for rental units in the area. Close to the H St corridor and plentiful shopping options, including Hechinger Center and Aldi's. Jump on this opportunity to invest in a property with exceptional flexibility and long-term appeal.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $950,000 |
| Property Type | Fourplex (4-units) |
| Usable Sqft | 3,272 |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1936 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 4473//0802 |
| MLS # | DCDC2167280 |
| Property ID | 321116109 |
| Lot Sqft | 4,212 |
| Zoning | RA2 |
| Total Units | 4 |
| Days on Market | 5 |
| Original List Price | Unknown |
| Date Updated | December 19, 2024 |
| Date Created | December 18, 2024 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $63,720 | $0 |
| Net Income (Yr) | $ 48,388 |
| Cap Rate | 0.05% |
Listing Provided By
Ty Voyles an agent of . Lic #SP215171
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Data last updated: December 23, 2024.
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REAL ESTATE AGENT