The property allows an opportunity for a developer to build up to 7 condo or rental units. Seller will provide fully approved plans and permits prior to settlement. Zoning is RA-2 that has an FAR of 1.8 and 2.16 with Inclusionary Zoning units. 1004 18th is located in an Opportunity Zone which allows developers the ability to design affordable housing. There are possible tax credits that the developer may be able to take advantage of for providing affordable housing. The Housing Choice Voucher Program allowable rents are very attractive. Housing Choice Voucher Program allows $3,113/month for a 2 bedroom, $2648/month for a 1 bedroom and $2520/month for an efficiency. LOCATION Carver/Langston has become one of the hottest new neighborhood to live in with a lot of Development going on providing owners with restaurants, grocery stores and shopping along the H Street Corridor. Surrounding neighborhoods like Benning Road, Bladensburg RD and Ivy City are providing additional services to community residents.
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