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Do Real Estate on the Go!
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$600,000
-- Bed
- -- Bath
2,633sqft
2326 Nicholson St Se, Washington, DC 20020
$600,000
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Multi Family
Built in 1907
$-- HOA
4,500 sqft lot
$228/sq.ft
Description
PRIME DEVELOPMENT OPPORTUNITY! Just 2 miles south of the recently announced $2.7 billion redevelopment of the 180 acre RFK campus, this unassuming tear down single family home carries the coveted RA-2 (Residential Apartment) zoning that touts a 1.8 floor area ratio that would potentially allow this 4,500 SF (30’x150’) rectangular lot to support 8,100 SF (4,500 x 1.8) of residential development that includes a 50-feet height restriction (4 floors @ 2,025 SF per floor) not including a rooftop deck structure. Ideally situated just one block off of Pennsylvania Avenue, it’s after repair value could easily exceed $3M (e.g. (8) - 1,000 SF 2BR, 2BA condos at $400K each = $3.2M) ...
Continue ReadingProperty Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
--
Year Built
1907
HOA Fees
-
Finished Area
2,633 sqft
Lot Size
4,500 sqft lot
Basement Area
- sqft
MLS Name
Bright MLS
MLS Number
DCDC2233676
MLS Status
ACTIVE-BRIGHT
Days on Market
-
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