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1019 18th St NE
Washington, DC 20002
Multifamily Property For Sale
·
4 Units
Investment Highlights
- Redevelopment
- Area Development
- Strong Demographics
- Area Attractions
- Transit Oriented Location
Executive Summary
Horvath & Tremblay has been selected to exclusively market for sale 1019 18th Street NE, an existing 100% vacant 4-unit multifamily building located in Washington DC’s Northeast neighborhood of Carver Langston.
THE OPPORTUNITY
The existing 4-unit property is currently in shell condition and provides an owner multiple investment strategies whether delivering rental apartments or condos. The property has been fully entitled, with approved plans and permits for an eight (8) unit, four-story redevelopment project. Alternatively, a new owner could look to work within the existing footprint and renovate the existing building into four (4) two or three-bedroom units.
THE OPPORTUNITY
The existing 4-unit property is currently in shell condition and provides an owner multiple investment strategies whether delivering rental apartments or condos. The property has been fully entitled, with approved plans and permits for an eight (8) unit, four-story redevelopment project. Alternatively, a new owner could look to work within the existing footprint and renovate the existing building into four (4) two or three-bedroom units.
Property Facts
Property Taxes
| Parcel Number | 4474-0152 | Improvements Assessment | $586,000 |
| Land Assessment | $403,460 | Total Assessment | $989,460 |
Property Taxes
Parcel Number
4474-0152
Land Assessment
$403,460
Improvements Assessment
$586,000
Total Assessment
$989,460
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