Listed By:
NHT Real Estate LLC
Address
1625 21St Place SE, Washington, DC
Price
$ 1,600,000
Property Attributes
  • MLS#DCDC2145692
  • TypeMulti-Family
  • CountyWASHINGTON
  • CityWashington
  • Zip20020
  • Style
  • Price$ 1,600,000
  • Bedrooms6
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.06 Acres
Data Source:
Bright MLS
Property Description

1625 21st Pl SE represents an exceptional investment opportunity in a burgeoning market. The approved plans for a 20-unit condominium development in the rapidly transforming Anacostia neighborhood provide a clear path to high returns. With strong market fundamentals, a prime location, and robust neighborhood amenities, this property is well-positioned to meet the growing demand for quality housing in Washington, DC. The property's value is significantly enhanced by the pre-approved development plans for a 20-unit condominium building. This approval mitigates much of the initial development risk and expedites the construction timeline, allowing investors to capitalize on the market demand more quickly poised to deliver substantial returns in one of the city's most promising real estate markets. The 20 units are a mixture of one (1) beds / one (1) bath & two (2) beds / two (2) baths and ranging from 550 sqft to almost 800 sqft. Offering Memorandum and full financial analysis are provided in the documents section. The approved plans and permits will be provided by agents to any interested party for proper due diligence.

Price History
6/10/2024 Listed $1,600,000

General Features

Sewer Public Septic,Public Sewer
Heating None
Cooling None
Possession Settlement
Zoning RA-2
Architectural Style Other
Construction Materials Brick
School District DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Year Built 1931
Property SubType Other
Tax Year 2022
Percent Ownership Fee Simple
Cool Fuel None
Accessibility None
County WASHINGTON
New Construction No
Property Type Multi-Family
Garage Y/N No
Water Access Y/N No
Other Structures Above Grade
Status ACTIVE
Directions Please use third party app to ensure correct directions from starting location.
ModificationTimestamp 2024-06-10T16:05:28
City WASHINGTON
Buyer Agent Compensation 2.5
Disclosures Special Permits,Other
NumberOfUnitsTotal 4
Lot Size Units Square Feet
Lot Size Square Feet 2500.00
Tax Assessed Value 0.0
Waterfront Y/N No
Tax Annual Amount 0.0
Two Bedroom 2
Structure Type Detached
One Bedroom Units Count 2
Price Per Sq Ft Total AG 800.0
Acceptable Financing Cash,Negotiable,Other
Vacation Rental Y/N No
Total SQFT 2000
Days on Market 11
Standard Status Active
Year Built Source Estimated
Legal Subdivision Randle Heights
Tax Lot 28
Buyer Agent Compensation Type % Of Gross

Interior Features

Heating Fuel None
Hot Water None
Central Air Y/N No
LivingAreaSource Estimated

Exterior Features

Pool No Pool
Parking Features Private,Paved Parking
Water Source Public
Type of Parking Driveway
Foundation Details Slab
Water View Y/N No
Lot Dimensions 0.00 x 0.00
Lot Size Acres 0.06
Lot Size Source Estimated
Soil Types Unknown
Land Assessed Value 0.00
Navigable Water Y/N No
Water Oriented Y/N No
LotDimensionsSource Estimated

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 20020

Price
AVG $840K
$1.6M
Visits
AVG 356
70
Data Provided by Inside Real Estate®
Year Built
AVG 1937
1931

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Reno Pratt, Jr

Reno Pratt, Jr

REALTOR® SALESPERSON

443-998-9213

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