54 Florida Avenue NW

Description

List price to be opening bid at online only auction. Registration and Bidding Opens On March 23, and Closes on Tuesday, March 28th, 2023 at 2:00PM. Newly constructed four unit residential building in the Truxton Circle Neigborhood of NW Washington, DC. The property will be delivered vacant and with a use and occupancy permit. No TOPA necessary! Location: Truxton Circle is a vibrant neighborhood of Northwest Washington, D.C. that offers a dense urban feel and easy access to downtown and Capitol Hill. The neighborhood has a variety of restaurants, nightlife, shopping and arts and entertainment options. Truxton Circle is a great place to live for anyone who wants to enjoy the best of Washington, D.C.!Description: The property is zoned MU-4 and is on a 1,030 +/- Sq. Ft. lot. Square 0614/Lot 0116.The property is improved by a 4-story plus lower level attached multifamily building containing four units. The units have been improved to be luxury condominiums or can be utilized as a 4 unit apartment building for rental income. Unit Breakdown: Lower Level - 1BR/1BA 620 +/- Sq. Ft.--1st Floor - 1BR/1BA 500 +/- Sq. Ft.-- 2nd/3rd Floor - 2BR/2BA 772 +/- Sq. Ft.--3rd/4th Floor - 2BR/2BA 960 +/- Sq. Ft.--Total of 2,852 +/- Sq. Ft. The units features include: +G- 9 foot ceiling height+G- Fully sprinklered+G- All units separately etered for electric+G- All units self contained with their own HVAC (heat pump) and water heater+G- Washer/dryer in each unit +G- Luxury finishes. Estimated Rental Income: Lower Level - $1,650--1st Floor - $2,000--2nd/3rd Floor - $3,300--3rd/4th Floor - $3,500--Monthly Total - $10,450--Annual Total - $125,400.