$900,000
$799,900
12.5%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
4 Baths
4,000 SqFt
SOLD DATE : 01/23/2024
Key Details
Sold Price $900,000
Property Type Townhouse
Sub Type End of Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 4,000 sqft
Price per Sqft $225
Subdivision Trinidad
MLS Listing ID DCDC2116338
Sold Date 01/23/24
Style Traditional
Bedrooms 8
Full Baths 4
HOA Y/N N
Abv Grd Liv Area 4,000
Originating Board BRIGHT
Year Built 1940
Annual Tax Amount $3,601
Tax Year 2022
Lot Size 1,637 Sqft
Acres 0.04
Property Description
4-Unit Apartment Building Opportunity in Trinidad & NOMA - Investor's Dream!
See the Home Showcase Tour PLUS the 3-D Tour
*Location: 1274 Meigs Place, NE Washington DC 20002
*Unit Specs: Each of 4 Units - 2 Bedrooms, 1 Bathroom, Approx. 1,000 sq ft
*Exterior: All-brick PLUS an Addition, Parking, Outdoor Entertaining Space
*Potential: Perfect for Condo Conversion or Continued Use as an Apartment Building
*Comparison: Next-door building converted to 3-bedroom condos, sold up to $699,000 each (X4)!!!
*Unique Features: Lower-level storage, potential for Basement Units PLUS a 3rd Level & a Rooftop Deck!
*Current Condition: Delivered Vacant & will need more than a little paint & carpet..
Investment Highlights:
*Location Advantage: Situated in the booming areas of Trinidad & NOMA, envision the limitless possibilities
*Condo Conversion Ready: The structural integrity and layout make this building an ideal candidate for a profitable condo conversion
*ROI Opportunity: When you know the ARV, investing in this property becomes a no-brainer
*Customization: Comes with the freedom to incorporate modern design elements like spiral staircases and stainless steel railings
*Vision Required: This isn't a mere 'fix and flip.' A discerning eye will see this for what it is...a cash cow
The Big Picture
This is not for the faint of heart or the weekend warrior; this is an investor's dream that calls for a grand vision. Picture the roaring views from a potential rooftop deck, and you'll know this is the opportunity of a lifetime. Given the market trends in Trinidad & NOMA, this is an investment that will exceed expectations.
For more details or to schedule a viewing, don't hesitate—this is a fast-evolving area, and opportunities like this are rare.
Would you like to be the one who leveraged this opportunity? Reach out today.
**Safety Disclosure Approval is required to show since 2 units are mid-renovation**
Location
State DC
County Washington
Zoning RF1
Rooms
Basement Unfinished, Dirt Floor
Main Level Bedrooms 4
Interior
Hot Water Electric
Heating Hot Water
Cooling None
Fireplace N
Heat Source Electric
Laundry Has Laundry
Exterior
Garage Spaces 2.0
Waterfront N
Water Access N
View City
Roof Type Flat
Accessibility Level Entry - Main
Parking Type Driveway
Total Parking Spaces 2
Garage N
Building
Story 2
Foundation Block
Sewer Public Sewer
Water Public
Architectural Style Traditional
Level or Stories 2
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Senior Community No
Tax ID 4055//0133
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Nathaniel Tate • RE/MAX Allegiance
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "