1729 Trinidad Avenue Ne Washington, DC 20002

$869,000
0.08
Acres
3,244
SQFT
268
$/SQFT
$869,000
3,244   sf
$268 / sf
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active
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Make up to 1,000,000.00 MILLION dollars *INVESTMENT OPORTUNITY* !!!New architectural drawings available.Future development potential*:• 4 unit condominium each unit 3 bed, 2.5 bath: Total SF: 8133 SF○ Unit A: 1860 SF @ 360 $/SF= 669,600.00○ Unit B: 1869 SF @ 360 $/SF= 672,840.00○ Unit C: 1980 SF @ 410 $/SF= 811,800.00○ Unit D: 1994 SF @ 410 $/SF= 817,540.00○ Common Area: 431 SF• Total Gross proceeds: 2,971,780.00○ Less initial investment @ 849,000.00○ Less carrying cost, construction cost, interest, ect @ 900,000.00• Total potential net PROFIT*: 1,222,780Current status of the building :• 4 units , FULLY occupied, all of them 1 bed +1 bath+ den• Total building Size 3244 SF**• Currently rented @:○ Apt 1: 1375,- + utilities, landlord pays trash/water/sewer○ Apt 2: 1400,- + utilities, landlord pays trash/water/sewer○ Apt 3: 1400,- + utilities, landlord pays trash/water/sewer○ Apt 4 1425,- + utilities, landlord pays trash/water/sewer• Annual Gross income: 66,900,-• Expenses (estimated) : water, sewer, taxes, insurance, ect : 15369,-• NOI (net operating income) : 51,531• Current Cap rate: 4.6%STRICTLY SOLD AS IS !*Not a financial advice, actual results might differ.**According to tax records*** pictures and plans for informational purposes only and might not present actual condition.

Make up to 1,000,000.00 MILLION dollars *INVESTMENT OPORTUNITY* !!!New architectural drawings available.Future development potential*:• 4 unit condominium each unit 3 bed, 2.5 bath: Total SF: 8133 SF○ Unit A: 1860 SF @ 360 $/SF= 669,600.00○ Unit B: 1869 SF @ 360 $/SF= 672,840.00○ Unit C: 1980 SF @ 410 $/SF= 811,800.00○ Unit D: 1994 SF @ 410 $/SF= 817,540.00○ Common Area: 431 SF• Total Gross proceeds: 2,971,780.00○ Less initial investment @ 849,000.00○ Less carrying cost, construction cost, interest, ect @ 900,000.00• Total potential net PROFIT*: 1,222,780Current status of the building :• 4 units , FULLY occupied, all of them 1 bed +1 bath+ den• Total building Size 3244 SF**• Currently rented @:○ Apt 1: 1375,- + utilities, landlord pays trash/water/sewer○ Apt 2: 1400,- + utilities, landlord pays trash/water/sewer○ Apt 3: 1400,- + utilities, landlord pays trash/water/sewer○ Apt 4 1425,- + utilities, landlord pays trash/water/sewer• Annual Gross income: 66,900,-• Expenses (estimated) : water, sewer, taxes, insurance, ect : 15369,-• NOI (net operating income) : 51,531• Current Cap rate: 4.6%STRICTLY SOLD AS IS !*Not a financial advice, actual results might differ.**According to tax records*** pictures and plans for informational purposes only and might not present actual condition.

  • Neighborhood
  • Type
  • County
    Washington
  • Tax Amount
    $7,234
  • Status
    Active
  • Listing #
    DCDC2270584
  • Built
    1920
  • Lot Size
    0.08
  • Listed on site
    3 days
  • Listing Agent Id
    121136621667

Listed by:
Cottage Street Realty LLC

Source:
BRIGHT MLS

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Community Features

  • No HOA
  • No Adult Community

Property Features

  • No Builder Restrictions

Exterior features

  • No Pool

Interior Features

  • Central Air Conditioning
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