1625 21ST PL SE Active Save Request In-Person Tour Request Virtual Tour
Washington,DC 20020
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 2,000 sqft
Price per Sqft $674
MLS Listing ID DCDC2145692
Style Other
Year Built 1931
Tax Year 2022
Lot Size 2,500 Sqft
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.
Location
State DC
County Washington
Zoning RA-2
Interior
Hot Water None
Heating None
Cooling None
Exterior
Waterfront N
Water Access N
Building
Foundation Slab
Sewer Public Septic,Public Sewer
Water Public
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Acceptable Financing Cash,Negotiable,Other
Listing Terms Cash,Negotiable,Other
Special Listing Condition Standard