Address
501-503 Kennedy Street NW Washington, DC
Price
$ 2,100,000
Property Attributes
  • MLS#DCDC458318
  • TypeSingle Family
  • CountyWASHINGTON
  • CityWashington
  • NeighborhoodBRIGHTWOOD
  • Zip20011
  • StyleFederal
  • Price$ 2,100,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size4,792 SqFt
Listing Provided Courtesy Of:
Keller Williams Capital Properties
Property Description

INCREDIBLE DEVELOPMENT OPPORTUNITY ON KENNEDY STREET! Two MU-4 lots in an OPPORTUNITY ZONE at 501 and 503 Kennedy St NW with a total of 4632 sq ft lot size, up to 13,896 sq ft allowed above ground, are available in the vibrant and dynamic Kennedy Street corridor. Qualified investments may have all future gain TAX-FREE using the new tax laws; consult your tax advisor. Current sale prices per square foot are $450-550, so do the math-- there is up to $8.5M in revenue possible with this project (not guaranteed). The area is on fire with new development, restaurants, bars and even a grocery store just half a block away. DO NOT MISS THIS OPPORTUNITY to make your mark on the Kennedy Street landscape! Properties sold As-Is and no seller financing will be considered- cash due upon settlement.

Price History
2/11/2020 Listed $2,100,000

General Features

Accessibility None
Architectural Style Federal
Association Y/N No
Condo/Coop Association Y/N No
Construction Materials Brick
Cool Fuel None
Cooling None
County WASHINGTON
Facing Direction South
Garage Y/N No
Heating None
High School District DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Legal Subdivision PETWORTH
Levels 3
New Construction No
Other Structures Above Grade, Below Grade
Ownership Fee Simple
Possession Immediate
Property Type Residential
Real Estate Owned Y/N No
Senior Community Y/N No
Sewer Public Sewer
Structure Type Twin/Semi-Detached
Subdivision Name BRIGHTWOOD
Tax Year 2019
Vacation Rental Y/N No
Water Access Y/N No
Zoning MU-4
Zoning Description NON-IZ: 60% lot occupancy and 2.5 FAR, 60 ft height. IZ: 75% lot occupancy, 3 FAR, no height limit per DC Zoning Handbook.

Interior Features

Above Grade Finished Area Source Assessor
Above Grade Finished Area Unit Type Square Feet
Basement Connecting Stairway, Full, Poured Concrete
Basement Y/N Yes
Bathrooms Count Main Level 0.00
Below Grade Finished Area Source Assessor
Below Grade Finished Area Unit Type Square Feet
Below Grade Unfin Area Units Square Feet
Below Grade Unfin Sqft Source Assessor
Central Air Y/N No
Heating Fuel None

Exterior Features

Lot Features Level
Lot Size Acres 0.11
Lot Size Source Estimated
Lot Size Square Feet 4632.00
Navigable Water Y/N No
Pool Y/N No Pool
Soil Types Urban Land-Sassafras-Chillum
Type of Parking Driveway
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 20011

Price
AVG $770K
$2.1M
Visits
AVG 59
230
Year Built
AVG 1934
1928
Walkscore
AVG 77
84
Data Provided by Walkscore ® not using MLS data

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.

Areas We Cover