Opportunity Zone. MU-4 zoned rehab property to be delivered with stamped plans and approved permits for 7-unit buildout in Petworth on the hot Kennedy Street Corridor. Perfect for condo conversion. Approved plans are for buildout of a 5-level luxury building plus penthouse, as follows: (4) 1BR/1BA, (1) 2-level 1BR/2BA with Den and loft, (1) 2-level 2BR/2BA and (1) 2-level 3BR/2.5BA. This asset is located in an Opportunity Zone with lots of development in the area, and is eligible for significant federal tax benefits for redevelopment investors.
Property Features
Bedrooms
Bathrooms
Land Info
- Lot Size Acres: 0.06
- Lot Size Square Feet: 2565
Garage and Parking
- Parking Features: Driveway
Homeowners Association
- Association: No
- Calculated Total Monthly Association Fees: 0
- Senior Community: No
School Information
- School District: DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Other Property Info
- Annual Tax Amount: 30386
- Source Listing Status: Active
- County: WASHINGTON
- Disclaimer: Standard
- Ownership: Fee Simple
- Source Property Type: Residential
- Property Subtype: townhouse
- Source Neighborhood: PETWORTH
- Postal Code Plus 4: 3131
- Subdivision: PETWORTH
Building and Construction
- Total Square Feet Living: 1580
- Year Built: 1923
- Above Grade Finished Area: 1080
- BelowGradeFinishedArea: 500
- Below Grade Unfinished Area: 40
- Construction Materials: Brick
- Levels: 2
- Property Age: 102
- Levels or Stories: 2
- Structure Type: Interior Row/Townhouse
- Total Area Sqft: 1620
- Total Below Grade Area: 540
- Architectural Style: Colonial