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$1,199,999

Beds
3
Baths
1.5
sq ft
1,968

1361 Florida Ave NE, Washington, DC 20002

1361 Florida Ave NE

WASHINGTON, DC 20002

  • 20 days on market
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.

Details

Property type

Townhouse

Est. home value

$816,468

Lot size

1,662 sq ft

Price per sq ft

$610

Year built

1921

Annual property taxes

$14,054

HOA

No

Price History

02/11/2025
Bright

Bright #DCDC2184908

Listed
$1,199,999
+20.6%
10/01/2024
Bright

Bright #DCDC2139520

Removed
$995,000
04/30/2024
Bright

Bright #DCDC2139520

Listed
$995,000

Schools & Community

Neighborhood: 

Near Northeast

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Capital Bank Na

Loan start date

April 2021

Original loan amount

$600,000

Est. remaining balance

Not provided

Interest rate

2.81%

Loan type

Commercial

Seller

1361 Florida Avenue Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 03/04/2025 at 4:25 AM

Listing updated: 02/11/2025 at 6:19 PM

Listed by: Zak hassan, Keller Williams Capital Properties Phone #: (202) 243-7700

MLS: Bright #DCDC2184908

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