44 Seaton Pl Washington, DC 20001

Property Details for 44 Seaton Pl

Year built

1895

Property size

3,100 SF

Property type

Commercial real estate

APN

31060082

Description

This exceptional value-add opportunity presents a partially completed duplex conversion at 44 Seaton Pl NW, Washington, DC 20001. The property, a three-story, Class A building (3,100 square feet) built in 1895, sits on a 1,500 square foot lot and is zoned RF-1. Approved plans and permits for a full interior-only renovation are included, minimizing delays and maximizing return. The estimated after-repair value (ARV) is $1.65 million, offering a significant potential profit. This shovel-ready project allows for immediate commencement of construction post-closing, minimizing loan carry costs. The renovation is estimated to take 3-4 months. The property's location in the vibrant Bloomingdale neighborhood provides easy access to popular amenities such as the Red Hen restaurant, ANXO Cidery, and the Harry Thomas Rec Center. The Shaw-Howard University metro station is conveniently located 0.9 miles away. The asking price is $1,050,000, representing a price per square foot of $338.71 and a price per unit of $525,000. The property is offered fee simple. Financing options are available through LendBridge, offering up to 70% of the ARV with an estimated interest rate of 12%. Given the strong seller's market, with comparable properties selling within a median of 8 days, this represents a compelling investment opportunity with a high potential for a rapid return. The property features two units.