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Image 1 - 1017 Florida Ave Ne, Washington, District of Columbia, 20002 - House for sale

Image 2 - 1017 Florida Ave Ne, Washington, District of Columbia, 20002 - House for sale

Image 3 - 1017 Florida Ave Ne, Washington, District of Columbia, 20002 - House for sale

Home For Sale In Washington, District Of Columbia

1017 Florida Ave Ne, Washington, District of Columbia, 20002

Home For Sale In Washington, District Of Columbia

house for sale

8 views

Listed: 01/25/24

1017 Florida Ave Ne, Washington, District of Columbia, 20002

5 Bed:

5.5 Bath:

1,492 Sq Ft Living Area:

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Price

$ 735,000

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About This House

Fantastic development opportunity conveniently situated near the H Street Corridor and hot NoMa/Union Market! This stately Victorian rowhouse is being delivered with stamped and permitted redevelopment plans. Great opportunity to add your design vision to the existing plans to create a stunning 2-unit gem in a prime location. The permitted configuration is for a 3-bedroom 3 bath penthouse unit with rooftop deck, and a spacious 2-bedroom 2.5-bath lower unit. Perfect for condo conversion, or grand main unit with separate income generating unit. ARV of completed project is approximately $1.6M ($900K for 3 BR Unit and $700K for 2 BR Unit). Comparables are included in documents. Purchase and develop now while infrastructure street upgrades are in-progress on Florida Ave. This will be a great property on a magnificent boulevard between H Street and NoMa, once both are complete. Interior photos are in MLS Virtual Tour.

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Household Income

Median household income: $85,203

Number of households: 287,476

The average household income in Washington, DC grew from $82,372 to $85,203 in the past year. This data is an estimate based upon 287,476 households in Washington, DC.
The chart below presents how household income is distributed in Washington, DC in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Washington, DC compared to median property taxes around the country. The prevalent amount of property taxes in Washington, DC equals $3k+ , which is more than the national average.