Homes for sale - 1001 RHODE ISLAND AVE NE, Washington, DC 20018

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Simone Velvel

simone@thevelvelgroup.com +1(703) 507-7614

Listed by Stephanie A Young • CENTURY 21 New Millennium

$7,250,000

Est. payment - /mo

0.31 Acres Lot

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UPDATED:

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID DCDC2218590

Year Built 2025

Annual Tax Amount $5,737

Tax Year 2024

Lot Size 0.308 Acres

Acres 0.31

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

Incredible opportunity for investor to take ownership of a newly built 18-unit condominium building on Rhode Island Ave in Northeast DC. This sleek, modern building in Brentwood offers secure entry and elevator service to four floors of residential units, plus a rooftop party suite with a full kitchen, bathroom, and exterior rooftop terrace access. The units themselves are light, bright, and spacious, featuring high ceilings, upgraded lighting and plumbing fixtures, open floor plans, plenty of windows in every room, and LVP flooring throughout. The kitchens sparkle with upgraded countertops and stainless-steel appliances. The 18 units include a mix of three 1 BR 1 BA, three 2 BR 1 BA, eleven 2 BR 2 BA, and one 2 BR, 2.5 BA units. The sizes vary from 600 SF up to 1,410 SF, with most being 800-900 SF. Located near the Rhode Island Ave/Brentwood Metro station, with shopping, dining, and entertainment options in every direction, with anchor stores like Giant and Home Depot nearby. The rear parking lot offers residents the convenience of private parking. NOTE: This is a short sale, and the sale is subject to bankruptcy court approval. The entire building is being offering for sale, not the individual condos. The total building is estimated to be 18,000 SF but is not reflected on tax records yet, which show previous building size. The new owner will then have the opportunity to sell the individual units at market prices or convert the use to a multifamily property.

Location

State DC

County Washington

Zoning RA-1 RESIDENTIAL APARTMEN

Interior

Hot Water Electric

Heating Forced Air, Central

Cooling Central A/C

Flooring Ceramic Tile, Luxury Vinyl Plank

Heat Source Electric

Exterior

Garage Spaces 14.0

Water Access N

Accessibility Elevator

Total Parking Spaces 14

Garage N

Building

Sewer Public Sewer

Water Public

New Construction Y

Schools

School District District Of Columbia Public Schools

Others

Tax ID 3870//0058

Ownership Fee Simple

Acceptable Financing Cash, Conventional, FHA, VA, Negotiable

Listing Terms Cash, Conventional, FHA, VA, Negotiable

Financing Cash,Conventional,FHA,VA,Negotiable

Special Listing Condition Short Sale

Read Less Info

"Simone's passion for real estate and her love for "The DMV" are a perfect match. She has made it her mission to help local residents sell their homes quickly and at the best possible prices. Equally, she takes immense pride in assisting homebuyers in finding their perfect piece of paradise in DC, Maryland and Virginia. "

+1(703) 507-7614

simone@thevelvelgroup.com

11003 Glueck Lane, Kensington, Maryland, 20895, USA

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1001 RHODE ISLAND AVE NE Washington, DC 20018