1917 I St Nw, Washington, DC 20006

$1,250,000
List Price
$1,250,000
Days on Market
61
Status
ACTIVE
MLS#
DCDC2143050
Lot Size (Acres)
0.04
Year Built
1904
County
Washington DC
School District
District Of Columbia Public Schools

Property Description

List price to be opening bid at online only auction. Online auction to be conducted on Auctioneers website. Bidding begins Saturday, June 15th & ends Thursday, June 20, 2024 at 11:00AM. Estate Auction: Experience an unparalleled investment prospect with this distinguished 4-story multifamily property nestled in downtown DC's vibrant heart. Boasting eight existing units, this meticulously crafted building showcases intricate molding, lofty ceilings, a regal staircase, and expansive bay windows, all within a coveted urban locale. According to Bright MLS the building has a total of 6,532+/- sq. ft. Zoning: Commercial building zoned D-5. (Central Business District). According to the DC Zoning Handbook, the zoning "Permits high density development, with incentives for residential use in predominantly non-residential areas." The property's zoning permits the construction of two additional levels, accommodating four more units, while the basement presents an opportunity for further expansion with the potential for an extra unit. This strategic advantage positions the property for substantial future growth and enhanced rental income potential. Location: The building is nestled in the bustling heart of downtown Washington, DC. It is strategically positioned mere steps from prestigious landmarks such as the IMF, George Washington University Hospital, The World Bank, Lincoln Memorial, and more. This property offers unparalleled accessibility and visibility with close proximity to major transportation hubs, including Farragut West and Foggy Bottom Metro Stations. The potential for high tenant demand is undeniable. The building is in need of renovation. We believe the potential is boundless as you envision transforming this building to suit your needs.

Additional Information

Taxes
$64612
School District
District Of Columbia Public Schools
Heating
Other
Heating Fuel
Other
Cooling
Other
Water
Public
Sewer
Public Sewer

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Alex Cooper Auctioneers, Inc.. Contact: