Courtesy of Lee Moretz, NHT Real Estate LLC lee.moretz@nhabitco.com
Property Description
1625 21st Pl SE represents an exceptional investment opportunity in a burgeoning market. The approved plans for a 20-unit condominium development in the rapidly transforming Anacostia neighborhood provide a clear path to high returns. With strong market fundamentals, a prime location, and robust neighborhood amenities, this property is well-positioned to meet the growing demand for quality housing in Washington, DC. The property’s value is significantly enhanced by the pre-approved development plans for a 20-unit condominium building. This approval mitigates much of the initial development risk and expedites the construction timeline, allowing investors to capitalize on the market demand more quickly poised to deliver substantial returns in one of the city’s most promising real estate markets. The 20 units are a mixture of one (1) beds / one (1) bath & two (2) beds / two (2) baths and ranging from 550 sqft to almost 800 sqft. Offering Memorandum and full financial analysis are provided in the documents section. The approved plans and permits will be provided by agents to any interested party for proper due diligence.
Open House
Property Details and Features
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Bathrooms
- 2 total bathrooms
- 2 bathrooms on main level
- 2 full bathrooms
- 2 full bathrooms on main level
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Bedrooms
- 2 bedrooms
- 2 bedrooms on main level
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Building
- 2,000 sqft living area
- 2,000 sqft above grade (finished)
- Built in 1931
- Structure Type: Detached
- 2 levels in building
- 2 levels
- Brick
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Cooling
- None
- None
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Foundation
- Slab
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Heating
- None
- None
-
Listing
- 156 days on market
- $675 per sqft
- Property SubType: Single Family Residential
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Location
- County: Washington
- Subdivision: Randle Heights
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Lot
- 2,500 sqft
- Lot Size Dimensions: 0.00 x 0.00
- 0.06 acres
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Parking
- Private
- Paved Parking
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Property
- Other Structures: Above Grade
- Soil Types: Unknown
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Schools
- School District: DISTRICT OF COLUMBIA PUBLIC SCHOOLS
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Sewer
- Public Septic
- Public Sewer
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Taxes
- City/Town Tax Pymnt Freq: Annually
- County Tax Pymnt Freq: Annually
- Tax Year: 2022
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Utilities
- Hot Water: None
Property Map
Street View
Market Trends for 20020, Washington, DC
Nearby Schools
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This content last updated on November 12, 2024 4:02PM.