Description
Shovel-ready investment opportunity! This is a 4 unit project located at 1850 Capitol Ave NE & 1810 Central Place NE (plans are sold together). 1850 Capitol Ave NE is a rowhome that will be converted into 2 units and 1810 Central Place NE is a vacant lot directly beside it that will be turned into a 2 unit building. Each unit will be very spacious with 2000 SF and 4+ bedrooms. These are corner lots plus parking is available. The plans and permits will convey fully with sale, and the property will be delivered shovel ready. The estimated outsale is $3.1M+ with condos projected to sell for $400-$500 per square foot upon completion. Nestled right between Ivy City and Trinidad, this is the perfect location with a mix of dining, retail, and entertainment options all around and with several upcoming restaurants currently under construction. Minutes to Target, Planet Fitness, MOMs Organic Grocery and easy access to H St Corridor, Union Market, the Arboretum and NOMA Metro station. This is a fantastic investment! Please see the Offering Memorandum & floor plans in the documents section.
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0BEDS
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0.04ACRES
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0BATHS
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01/2 BATHS
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1,184SQFT
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$1,014$/SQFT
Description
Shovel-ready investment opportunity! This is a 4 unit project located at 1850 Capitol Ave NE & 1810 Central Place NE (plans are sold together). 1850 Capitol Ave NE is a rowhome that will be converted into 2 units and 1810 Central Place NE is a vacant lot directly beside it that will be turned into a 2 unit building. Each unit will be very spacious with 2000 SF and 4+ bedrooms. These are corner lots plus parking is available. The plans and permits will convey fully with sale, and the property will be delivered shovel ready. The estimated outsale is $3.1M+ with condos projected to sell for $400-$500 per square foot upon completion. Nestled right between Ivy City and Trinidad, this is the perfect location with a mix of dining, retail, and entertainment options all around and with several upcoming restaurants currently under construction. Minutes to Target, Planet Fitness, MOMs Organic Grocery and easy access to H St Corridor, Union Market, the Arboretum and NOMA Metro station. This is a fantastic investment! Please see the Offering Memorandum & floor plans in the documents section.
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