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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0BEDS
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0.08ACRES
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0BATHS
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01/2 BATHS
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8,260SQFT
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$103$/SQFT
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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