Washington, DC 20002,1274 MEIGS PL NE
Washington, DC 20002,1274 MEIGS PL NE
Washington, DC 20002,1274 MEIGS PL NE
Washington, DC 20002,1274 MEIGS PL NE
Washington, DC 20002,1274 MEIGS PL NE
Washington, DC 20002,1274 MEIGS PL NE
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$900,000

$799,900

12.5%
Est.Price: ?

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Est. payment /mo

3,210 SqFt


SOLD DATE : 01/23/2024

Key Details

Sold Price $900,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Square Footage 3,210 sqft

Price per Sqft $280

Subdivision Trinidad

MLS Listing ID DCDC2119078

Sold Date 01/23/24

Style Other

Abv Grd Liv Area 3,210

Originating Board BRIGHT

Year Built 1940

Annual Tax Amount $3,601

Tax Year 2022

Lot Size 1,637 Sqft

Acres 0.04

Property Description

4-Unit Apartment Building Opportunity in Trinidad & NOMA - Investor's Dream! See the Home Showcase Tour PLUS the 3-D Tour *Location: 1274 Meigs Place, NE Washington DC 20002 *Unit Specs: Each of 4 Units - 2 Bedrooms, 1 Bathroom, Approx. 1,000 sq ft *Exterior: All-brick PLUS an Addition, Parking, Outdoor Entertaining Space *Potential: Perfect for Condo Conversion or Continued Use as an Apartment Building *Comparison: Next-door building converted to 3-bedroom condos, sold up to $699,000 each (X4)!!! *Unique Features: Lower-level storage, potential for Basement Units PLUS a 3rd Level & a Rooftop Deck! *Current Condition: Delivered Vacant & will need more than a little paint & carpet.. Investment Highlights: *Location Advantage: Situated in the booming areas of Trinidad & NOMA, envision the limitless possibilities *Condo Conversion Ready: The structural integrity and layout make this building an ideal candidate for a profitable condo conversion *ROI Opportunity: When you know the ARV, investing in this property becomes a no-brainer *Customization: Comes with the freedom to incorporate modern design elements like spiral staircases and stainless steel railings *Vision Required: This isn't a mere 'fix and flip.' A discerning eye will see this for what it is...a cash cow The Big Picture This is not for the faint of heart or the weekend warrior; this is an investor's dream that calls for a grand vision. Picture the roaring views from a potential rooftop deck, and you'll know this is the opportunity of a lifetime. Given the market trends in Trinidad & NOMA, this is an investment that will exceed expectations. For more details or to schedule a viewing, don't hesitate—this is a fast-evolving area, and opportunities like this are rare. Would you like to be the one who leveraged this opportunity? Reach out today. **Safety Disclosure Approval is required to show since 2 units are mid-renovation**

Location

State DC

County Washington

Zoning RF1

Interior

Hot Water Electric

Heating Hot Water

Cooling None

Equipment Oven/Range - Gas, Refrigerator

Fireplace N

Appliance Oven/Range - Gas, Refrigerator

Heat Source Natural Gas

Exterior

Water Access N

View City

Accessibility Level Entry - Main

Garage N

Building

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District District Of Columbia Public Schools

Others

Tax ID 4055//0133

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Conventional, Seller Financing

Listing Terms Conventional, Seller Financing

Financing Conventional,Seller Financing

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Melvin S Yates II • EXP Realty, LLC
Bought with Nathaniel Tate • RE/MAX Allegiance
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