Description
INVESTOR ALERT! 14-unit development opportunity fully approved and permitted in hot Anacostia. All plans and permits will convey with sale. Upon Stabilization, the appraised value is estimated to exceed$3 million as of September 2023 with a projected annual NOI of $200k+. Potentially even higher value when the project is complete. Prospective buyers can achieve additional savings through in-house property management/ development. Property consists of three-combined residential lots. Begin construction immediately or lease single -family home until ready to start. Solid investment. Amazing view of the city skyline.
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0BEDS
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0.27ACRES
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0BATHS
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01/2 BATHS
Description
INVESTOR ALERT! 14-unit development opportunity fully approved and permitted in hot Anacostia. All plans and permits will convey with sale. Upon Stabilization, the appraised value is estimated to exceed$3 million as of September 2023 with a projected annual NOI of $200k+. Potentially even higher value when the project is complete. Prospective buyers can achieve additional savings through in-house property management/ development. Property consists of three-combined residential lots. Begin construction immediately or lease single -family home until ready to start. Solid investment. Amazing view of the city skyline.
©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Executive. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-12-09T22:50:51.12.