2515 Ontario Road NW Unit 1
Washington, DC
Others for Sale - $2,250,000 - 0.03 acres
Property Info
CIMLS# | 1046484 |
Location 2515 Ontario Road NW Unit 1 Washington DC 20009 | |
Updated | May 9th, 2019 |
Type | Others |
Price | $2,250,000 |
Land | 0.03 acres |
Property Description
Terrific Investment 2515 Ontario Rd NWDC. The boutique semi-detached building is selling as a portfolio of two 2-level bright and stylish condominium units. Rental income $11,500+/mo. The units show a grand scale space for a refined sense in urban living.The property's RA-2 zoning now allows for 4-unit condos instead of 2-units (changed from the previous zoning regulation when we did the project). All of the framing has been done, the only other work to do would be adding utilities, finishing, and condo-conversion process. A developer/investor could sell them for between 650k and 1ml for potential earnings of 800k. Additional rental income may also be considered for a decent cap rate. Each new unit would come out to approx. 1,250 sqft.Unit #1 offers 3bed and 2.5 bath and den with bi-level floor plan of approx. 2375 SF including a one master suite and 2 additional bedrooms, 1.5 bathroom two spacious decks and a private backyard. Unit #2 (DCDC425494) offers a 3 master suites, a den, half bath of approx. 2475 SF. ABOUT THE UNITS: Value is recognized in the size, location and exquisite design elements including Glacier Oak hardwood floors throughout. A chef's kitchen, and two large decks brings a wonderful space to entertain as well as to relax. The kitchen is a gourmet or amateur cook~s dream with a waterfall 17 feet Calacatta Quartz double tier counters with breakfast bar, high-end appliances such as Miele coffee espresso, steam oven and an urban cultivator, Porcelanosa Valentino tile and marble bathrooms, heated flooring, bluetooth speakers among others. Ask about a list of design elements. 98 Walker's Paradise score.