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1216 Raum Street NE

WASHINGTON, DC 20002
  • $850,000
  • STATUS: Active
  • ON SITE: 108 Days
  • ID#: DCDC2150192
Price Reduced
UPDATED: 198 min ago
$850,000
  • 0
    BEDS
  • 0.08
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 8,260
    SQFT
  • $103
    $/SQFT
Type:
Multi-Family
Built:
1936
County:

School Ratings & Info

Description

The Centurion Group presents a high-yield gut job development opportunity at 1216 Raum Street NE, Washington, DC 20002. Located in the active Trinidad area of Northeast DC, this .08-acre property is ideal for investors focused on maximizing return.This 3,900 SF structure is ready for conversion into a pre-permitted, modern 4-level, 4-unit apartment complex totaling 8,340 SF. The proposed layout includes:Two lower units: 2120 SF each, with 4 bedrooms and 3.5 bathrooms.Top-floor units: 2120 SF each, featuring 4 bedrooms and 3 bathrooms.With construction costs anticipated to exceed $800K, the project offers a projected stabilization CAP rate of approximately 6.5%.

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©2024 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 Pearson Smith Realty. 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: 2024-11-07T23:52:40.847.
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1216 Raum Street NE WASHINGTON, DC 20002

  • Price: $850,000
  • Status: Active
  • On Site: 108 Days
  • Updated: 198 min ago
  • ID#: DCDC2150192
0
Beds
0
Baths
0
½ Baths
0.08
Acres
8,260
SQFT
$103
$/SQFT
1936
Built
County:
Washington
School District:
District Of Columbia Public Schools
Property Description
The Centurion Group presents a high-yield gut job development opportunity at 1216 Raum Street NE, Washington, DC 20002. Located in the active Trinidad area of Northeast DC, this .08-acre property is ideal for investors focused on maximizing return.This 3,900 SF structure is ready for conversion into a pre-permitted, modern 4-level, 4-unit apartment complex totaling 8,340 SF. The proposed layout includes:Two lower units: 2120 SF each, with 4 bedrooms and 3.5 bathrooms.Top-floor units: 2120 SF each, featuring 4 bedrooms and 3 bathrooms.With construction costs anticipated to exceed $800K, the project offers a projected stabilization CAP rate of approximately 6.5%.
Exterior Features

Architectural Style Other Construction Materials Brick Garage YN No Parking Types Other Pool No Pool Soil Types Unknown Water Access YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 8260 Basement Connecting StairwayOther Basement YN Yes Cooling Other Fireplace YN No Heating Other Heating YN Yes Single Room Units 0 Three Bedroom Units 2 Two Bedroom Units 0 Units Furnished All

Property Features

Accessibility Features Other Central Air YN No Cooling Fuel Other Heating Fuel Other Hot Water Other Navigable Water YN N New Construction YN No Number Of Units Total 4 Number Of Units Vacant 4 Original MLSNumber 803216540252 Ownership Interest Fee Simple Property Sub Type Other Sale Type Standard Sewer Public Sewer Structure Design Type Other Tax Annual Amount 1130.98 Tax Lot 108 Vacation Rental YN No Water Source Public Zoning R4

Listing courtesy of TTR Sotheby's International Realty: .


©2024 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 Pearson Smith Realty. 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: 2024-11-07T23:52:40.847.
 
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