801 20th Street Northeast

Washington DC 20002

1805 sq. ft.

3011 sq. ft.

Townhouse

Currently for sale - view listing

Overview

*INVESTOR & DEVELOPER DEAL* converting a single family end unit row house into 3 luxury condo units. It is at corner lot consisting of 3,011 sqft, which is one of the largest lots in the subdivision. Zoned RF-4 and it is currently vacant. The proposal development project has a cellar + 3 levels + rooftop with 2 main entrances (Unit A and Unit B share one same main entrance at front while Unit C owns another main entrance on side). All levels and the cellar will have 9? ceilings. Unit A: 2 beds + 2 baths consisting of 1,132 sqft. Unit B: 4 beds + 2.5 baths consisting of 1,513 sqft. Unit C: 3 beds + 2.5 baths consisting of 1,427 sqft along with full access to rooftop. Approx 4.1K sqft of living space in total and it includes 2 private parking spaces in the rear. Property conveys with the following items only: 1) DCWASA approved permit 2) DDOT approved permit 3) BZA Full Order approval for the extension of the rear addition past the 10 feet limit rule ? Approx 17 feet 4) Building permit from DCRA ? still pending. It should be anticipated within 15 business days. Then it will be a shovel ready to go project. The property is designated in Opportunity Zone area with a potential tax free opportunity on future property appreciation. Consult with your Opportunity Zone Attorney. The property also has a potential for AirBnB/VRBO use while living in one of the units (conservatively, approx $90K+ potential income assuming at 60% occupancy rate) - please do your due diligence. ARV comps have the outsales in $1.9-2.0 million range. $10K EMD at minimum. Full plans can be provided upon request. Buyer is to pay all closing costs, including buyer agent?s commission. Must use Seller?s title company for settlement. Property sold as is. Comp: 1915 H Street NE WDC 20002. Lot: 1,589 sqft. Sold $825K 9/15/2020.