Opportunity knocks! 1006 Webster Street is a vacant 10 unit apartment building located in the 16th Street Heights neighborhood. The building is approximately 12,834 square feet on 3 levels and sits on a 6,127 square foot lot. The current plan was to renovate the building into 10 large apartments with a mix of predominately 5 and 6 bedroom units and place the units in the Housing Choice Voucher Program. The projected rents are approximately $697,000 annually. The property is zoned RF-1 and the current owner has had concept plans drawn to add a floor and convert the building to a 20 unit condominium project. All plans and projections are available on tranzon.com.
The property sits at the corner of Webster Street and Iowa Avenue NW directly across the street from McFarland Middle and Theodore Roosevelt High School and 1/2 block off of Georgia Avenue.
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corner of Webster Street and Iowa Avenue NW