$585,000
Short Sale Approved.
Investor Alert! Prime value-add opportunity in the heart of Northeast Washington, DC.
Unlock the potential of 1704 West Virginia Avenue NE, a rare four-unit multifamily property offering exceptional upside in one of the District's fastest-growing neighborhoods. This short sale presents an outstanding opportunity for seasoned investors, developers, or owner-occupants utilizing an FHA 203(k) Renovation Loan to create immediate equity.
This all-brick four-unit building requires a complete renovation and consists of two 2-bedroom units and two 1-bedroom plus den units.
Whether your vision is to renovate and hold as a cash-flowing apartment building, convert the property into individual condominiums (subject to zoning and District approvals), or add a premier multifamily asset to your investment portfolio, the possibilities are endless.
Ideally located just minutes from Gallaudet University, Union Market, Ivy City, NoMa, and the vibrant H Street Corridor, this property is surrounded by some of Washington, DC's most sought-after dining, shopping, and entertainment destinations. Nearby amenities include Trader Joe's, Whole Foods Market, Union Market's acclaimed restaurants and specialty vendors, Atlas Brew Works, City Winery, the U.S. National Arboretum, the Metropolitan Branch Trail, and the NoMa-Gallaudet Metro Station. Convenient access to downtown Washington, DC, major commuter routes, and public transportation further enhances the property's appeal.
With continued redevelopment, strong rental demand, and increasing property values throughout the surrounding neighborhoods, this is an exceptional opportunity to renovate, reposition, and maximize returns in one of Northeast DC's premier investment corridors.
Property is being sold strictly As-Is. Sale is subject to third-party short sale approval. The short sale is being professionally negotiated. Buyer is responsible for verifying zoning, condominium conversion requirements, and all development potential with the appropriate governmental authorities.
DCDC2275094
MLS
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ACTIVE UNDER CONTRACT
Status
1704 West Virginia Ave Ne, Washington
