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Key Details
Sold Price $900,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,210 sqft
Price per Sqft $280
Subdivision Trinidad
MLS Listing ID DCDC2119078
Sold Date 01/23/24
Style Other
Abv Grd Liv Area 3,210
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
Interior
Hot Water Electric
Heating Hot Water
Cooling None
Equipment Oven/Range - Gas, Refrigerator
Fireplace N
Appliance Oven/Range - Gas, Refrigerator
Heat Source Natural Gas
Exterior
Water Access N
View City
Accessibility Level Entry - Main
Garage N
Building
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Tax ID 4055//0133
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Conventional, Seller Financing
Listing Terms Conventional, Seller Financing
Financing Conventional,Seller Financing
Special Listing Condition Standard
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Bought with Nathaniel Tate • RE/MAX Allegiance