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3517 14th Street Northwest

Washington DC 20010

8
2680 sq. ft.
Other
Currently for sale - view listing

Overview

Current Status: Sold as-is. The subject consists of an eight (8) condominium project, which is currently in the final stages of the construction (roughly 75-80% completed). The multiunit structure totals 6,895 square feet of gross living area (on a 2,680sf site). There are five above grade stories and a lower level (basement/cellar). The two (2) units in the basement/cellar contain: one-bedroom, one-bathroom, and one-den (each). The two (2) units in the first floor contain: one-bedroom and one-bathroom (each). The four (4) duplexes in second floor through the fifth floor contain: two-bedroom, two and a half bathrooms (each). The property has plans/permits approved and needs approximately $600,000 to finish, with an estimated timeline of 6 months to complete this construction. The subject is located 0.6 miles from the Georgia Avenue/Petworth metrorail station, 3.2 miles from Interstate 395, 3.9 miles from Union Station, and 6.6 miles from Ronald Reagan Washington National Airport. According to the U.S. Census Bureau, the population of Washington, DC increased by 14.6% from 2010 to 2020, which represents the seventh highest growth rate in the U.S. (Note that the remaining $600,000 construction is considered a light rehab at 15.79% of the $3.8MM as-is commercial appraised value)

Features

8 bedrooms
2680 sq. ft. lot size
Other

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