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Studio | 0 Bath | 2,670 Sq Ft | 1936 Year Built | Sold
Permits approved and shovel ready! The vacant four unit building has plans to convert into an 11 unit condo building. Email agent for architectural drawings with unit layouts, square footage and projected outsales. Our total out sale projections are in the $3.9M range. See similar finished projects at 1009 17th St NE (8 units) which had over $3.4M in out sales and 1021 17th St NE which projects over $3.6M in out sales. The current architectural drawing includes eight 2 bed 2 bath units, two 1 bed 1 bath units and one studio unit. Our contractor estimates to build the project are in the $1.3M range. The building is currently boarded up and winterized, so only exterior showings until a contract is accepted. The interior is in above average condition as the seller did many upgrades before beginning the development. The seller is selling the project because he has moved out of the area and does not want to manage the project from afar. Seller requests that interested buyers submit offers by Monday 3/16/20
Lot Size (Acres)
Listed by Gregory Tindale, GreenLine Real Estate, LLC
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