1410-1412 Meridian Place Northwest

Washington, DC 20010

$900,000
Price
3
Beds
2
Baths
1,376 Sq. Ft.
$654 / Sq. Ft.
1,376
Sq. Ft.
$654
per Sq. Ft.

Description

List price to be opening bid at online only auction. Online auction to be conducted on Auctioneers website. Bidding begins Thursday, October 24th & ends Tuesday, October 29th, 2024 at 12:00pm. Prime Development Opportunity: 10-Unit Permit Delivered At Closing. Discover a unique investment opportunity in Columbia Heights. Two adjacent properties, 1410 and 1412 Meridian Place, offer the potential to construct a combined 10-unit building. The 5-unit, per building, plans are currently in the final stages...List price to be opening bid at online only auction. Online auction to be conducted on Auctioneers website. Bidding begins Thursday, October 24th & ends Tuesday, October 29th, 2024 at 12:00pm. Prime Development Opportunity: 10-Unit Permit Delivered At Closing. Discover a unique investment opportunity in Columbia Heights. Two adjacent properties, 1410 and 1412 Meridian Place, offer the potential to construct a combined 10-unit building. The 5-unit, per building, plans are currently in the final stages of review, and will be delivered at closing. Key Features • Prime Location: Ideal for residential development • High ARV: Attractive returns on investment • "As-Is" Sale: Flexibility in development plans

For detailed information, including budgets, plans, and drawings, please visit the documents section. Don't miss this chance to capitalize on this exceptional development opportunity. 1410 Meridian: Improved by a 1,376+/- SF townhome. 1412 Meridian Improved by a 1,790+/- SF townhome. Projected Condo Project:

EXIT STRATEGY 1: Unit 1 - 654sf - 2 Bed, ,Unit 2 - 598 sf - 2 Bed, Unit 3 - 570 sf - 2 Bed, Unit 4 - 631 sf - 1 Bed + Den, Unit 5 (PH) - 853 sq sf- 3 bed, 3306 sq ft total for each building, Total ARV $2,550,398.29. @ $750/sq ft. EXIT STRATEGY 2: Rent = Avg Rent $3420 / unit, Annual rent = $205200, Net Rent (after 25% expenses) = $153900, ARV (@ 6% cap) = $2,565,000. Projected Construction Cost: Acquisition Cost $1.000,000; for each, Construction Cost: $578,985 ($175 per s/f x 3,306 s/f of living area);
Carrying Cost (6%): $99,000 (12 months); plans & Permits: $30,000, Legal Fees: $10,000, Total Acquisition/Construction Cost: $1,996,000
  1. Listed by Matthew S Cooper • Alex Cooper Auctioneers, Inc.
    P: (410)-977-4711 Matt@alexcooper.com

Property Details for 1410-1412 Meridian Place Northwest

Tax ID Number
2678//0021
Ownership
Fee Simple
Condo Coop Association
No
HOA
No
Structure Type
Interior Row/Townhouse
Style
Traditional
Levels/Stories
3
Waterfront
No
LISTING UPDATED: 09/24/2024 04:20 PM

Property Details for 1410-1412 Meridian Place Northwest

StatusActive
MLS #DCDC2161062
Days on Market59
Taxes$5,739 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeTownhouse
MLS TypeResidential / Fee Simple
Year Built1910
Lot Size0.03 AC / 1,274 SF
CountyDistrict of Columbia

Building Information for 1410-1412 Meridian Place Northwest

Stories3Residences-Year Built1910Lot Size0.03 AC / 1,274 SF

Property Information for 1410-1412 Meridian Place Northwest

Location
Location
  • In City Limits: Yes
  • School District Name: DISTRICT OF COLUMBIA PUBLIC SCHOOLS
  • School District County ID: 121140357950
  • SchoolDistrictSource: Listing Agent
  • County: WASHINGTON
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Association / Community Info
Association / Community Info
  • Senior Community: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2023
  • Tax Assessed Value: $675,230
  • Year Assessed: 2023
  • County Tax: $0
  • Improvement Assessed Value: $224,220
  • City Town Tax: $5,739
  • Land Assessed Value: $451,010
  • Clean Green Assessed: No
  • Land Use Code: 0
  • Zoning: MU4
  • Tax Lot: 21
  • School Tax: $0
  • Automatically Update Tax Values Y/N: Yes
Rooms
Main
  • # Bedrooms Count Main Level: 0
  • # Bathrooms Count Main Level: 1
  • # Bathrooms Full Main Level: 1
All Upper Levels
  • # Bedrooms Count All Upper Levels: 3
  • # Bathrooms Count All Upper Levels: 1
  • # Bathrooms Full All Upper Levels: 1
Upper Level 1
  • # Bedrooms Count Upper Level: 3
  • # Bathrooms Count Upper Level: 1
  • # Bathrooms Full Upper Level: 1
Rooms
  • Stories: Main, Upper 1
Building Info
Building Info
  • Total Finished SQFT: 1,376.00
  • Total Finished SQFT Source: Assessor
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Soil Types: Unknown
  • Parcel ID: 16039193
Parking
Parking
  • Type Of Parking: On Street
Interior Features
Interior Features
  • Fireplace: No
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Pool: No Pool
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Other
  • Cooling Fuel: Other
  • Heating Type: Other
  • Heating Fuel: Other
  • Hot Water: Other
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: Greater Capital Area Association of REALTORS

Property History for 1410-1412 Meridian Place Northwest

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 1410-1412 Meridian Place Northwest

This home is within District Of Columbia Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Raymond Elementary School
PublicPK to 5

MacFarland Middle School
Public6 to 8

Roosevelt High School @ MacFarland
Public9 to 12

Roosevelt STAY High School @ MacFarland
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1410-1412 Meridian Place Northwest is a townhouse for sale in Washington, DC 20010. This property was listed for sale on September 24, 2024 by Alex Cooper Auctioneers, Inc., it's currently listed at $900,000. This listing's school district is District Of Columbia Public Schools. Nearby schools include Raymond Elementary School, MacFarland Middle School and Roosevelt High School @ MacFarland. 1410-1412 Meridian Place Northwest is a 3-bed, 2-bath, 1,376 sqft townhouse built in 1910.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Alex Cooper Auctioneers, Inc.

© 2024 Bright MLS. All rights reserved. All information is deemed reliable, but accuracy is not guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated on 09/24/2024 04:20 PM