3812 16th St S, Arlington, VA 22204

$1,500,000

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List Price: $1,500,000
Price Change: ▼ $50,000 1781806645
Days on Market: 158
Status: ACTIVE
MLS#: VAAR2069012
Lot Size (Acres): 0.25
Year Built: 2027
County: Arlington
School District: Arlington County Public Schools

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Property Description

You're buying: 1) EHO Approved Permit for 6 unit apartment complex - Permit will be transferred. Plan can be found in document section 2) SFH currently on it Seller has officially received the Expanded Housing Option (EHO) Development permit for this lot. No more than thirty (30) R-6 permits are issued a year. Expanded Housing Option (EHO) Development offers an alternative on single-family residential lots that allows for the construction of duplexes, townhouses, and multifamily buildings that meet the design standards in Arlington County Zoning Ordinance (ACZO) 3812 16th has met the requirements: Minimum Lot Area of 6,000 sq ft and Minimum Lot Width of 60 ft. You'll receive the parcel + home with the EHO Permit, you'll take it from there. There's a home there now that you can rent till you start demo. 3 floors 2 units per floor Each unit has 3 bedrooms and 2 full bathrooms Don't miss out! This is VERY RARE and UNIQUE investment in Douglas Park, Arlington

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