Multi-Family
1615 22nd Street - Shovel Ready 40 Units
1615 22nd St SE, Washington, DC 20020
Listing Price: $2,500,000
Investment Overview
Fully entitled and shovel-ready development opportunity on a 12,500 SF lot with approved permits in place from DOB, DDOE, and WASA for the construction of a 40-unit elevator apartment building consisting of 4 stories plus a cellar and penthouse level. The project encompasses approximately 38,500 SF of total building area, including approximately 29,500 SF of salable residential space. The approved unit mix includes 3 IZ units (1 one-bedroom and 2 two-bedroom units), 25 one-bedroom/one-bath residences ranging from approximately 550–660 SF, and 12 two-bedroom/two-bath residences ranging from approximately 860–1,000 SF, along with 13 parking spaces. All pre-development work has been completed, allowing a developer to immediately commence construction.
1615 22nd Street - Shovel Ready 40 Units
Investment Highlights
- Fully entitled and shovel-ready development opportunity on a 12,500 SF lot with approved permits in place from DOB, DDOE, and WASA for the construction of a 40-unit elevator apartment building.
- The project encompasses approximately 38,500 SF of total building area. All pre-development work has been completed, allowing a developer to immediately commence construction.
- The approved unit mix includes 3 IZ units, 25 one-bedroom/one-bath residences ranging from approximately 550–660 SF, and 12 two-bedroom/two-bath residences. Along with 13 parking spaces.
Listing Price: $2,500,000
Investment Highlights
- Fully entitled and shovel-ready development opportunity on a 12,500 SF lot with approved permits in place from DOB, DDOE, and WASA for the construction of a 40-unit elevator apartment building.
- The project encompasses approximately 38,500 SF of total building area. All pre-development work has been completed, allowing a developer to immediately commence construction.
- The approved unit mix includes 3 IZ units, 25 one-bedroom/one-bath residences ranging from approximately 550–660 SF, and 12 two-bedroom/two-bath residences. Along with 13 parking spaces.
Investment Overview
Fully entitled and shovel-ready development opportunity on a 12,500 SF lot with approved permits in place from DOB, DDOE, and WASA for the construction of a 40-unit elevator apartment building consisting of 4 stories plus a cellar and penthouse level. The project encompasses approximately 38,500 SF of total building area, including approximately 29,500 SF of salable residential space. The approved unit mix includes 3 IZ units (1 one-bedroom and 2 two-bedroom units), 25 one-bedroom/one-bath residences ranging from approximately 550–660 SF, and 12 two-bedroom/two-bath residences ranging from approximately 860–1,000 SF, along with 13 parking spaces. All pre-development work has been completed, allowing a developer to immediately commence construction.
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