UPDATED:
Key Details
Property Type Townhouse
Sub Type Interior Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 1,790 sqft
Price per Sqft $391
Subdivision Columbia Heights
MLS Listing ID DCDC2231586
Style Traditional
Bedrooms 3
Full Baths 2
HOA Y/N N
Abv Grd Liv Area 1,466
Year Built 1910
Annual Tax Amount $10,800
Tax Year 2025
Lot Size 1,271 Sqft
Acres 0.03
Property Sub-Type Interior Row/Townhouse
Source BRIGHT
Property Description
Key Features: Prime Location: Ideal for residential development - • High ARV: Attractive returns on investment - • "As-Is" Sale: Flexibility in development plans. For detailed information, including budgets, plans, and drawings, please visit the documents section. Don't miss this chance to capitalize on this exceptional development opportunity. 1410 Meridian: Improved by a 1,376+/- SF townhome. 1412 Meridian Improved by a 1,790+/- SF townhome. Projected Condo Project: EXIT STRATEGY 1 - Unit 1 - 654sf - 2 Bed - Unit 2 - 598 sf - 2 Bed - Unit 3 - 570 sf - 2 Bed - Unit 4 - 631 sf - 1 Bed + Den - Unit 5 (PH) - 853 sq sf- 3 bed - 3306 sq ft total for each building - Total ARV 2,550,398.29. @ $750/sq ft - EXIT STRATEGY 2 - Rent = Avg Rent $3420 / unit - Annual rent = $205,200 - Net Rent (after 25% expenses) = $153900 - ARV (@ 6% cap) = $2,565,000 -
Projected Construction Cost: Acquisition Cost $1.000,000; for each - Construction Cost: $578,985 ($175 per s/f x 3,306 s/f of living area);Paid Fees (4%): $101,950; Carrying Cost (6%): $99,000 (12 months); Plans & Permits: $30,000 Legal Fees: $10,000 Total Acquisition/Construction Cost: $1,996,000
Location
State DC
County Washington
Zoning R5
Rooms
Basement Fully Finished, Front Entrance, Rear Entrance
Main Level Bedrooms 3
Interior
Hot Water Natural Gas
Heating Hot Water
Cooling None
Fireplaces Number 2
Fireplace Y
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Story 3
Foundation Slab
Above Ground Finished SqFt 1466
Sewer Public Sewer
Water Public
Architectural Style Traditional
Level or Stories 3
Additional Building Above Grade, Below Grade
New Construction N
Schools
High Schools Columbia Heights Education Campus
School District District Of Columbia Public Schools
Others
Senior Community No
Tax ID 2678//0020
Ownership Fee Simple
SqFt Source 1790
Acceptable Financing Cash, FHA 203(b), Private, Wrap, Bank Portfolio
Listing Terms Cash, FHA 203(b), Private, Wrap, Bank Portfolio
Financing Cash,FHA 203(b),Private,Wrap,Bank Portfolio
Special Listing Condition Standard
