Opportunity. Optionality. So much Upside. And it's almost there...
3600 Park Place NW is a condominium conversion in motion, nearing substantial completion and positioned for its next owner to take it across the finish line. While it currently sits as three units, the highest and best vision is a two-unit utopia: an opulent oasis in Unit 2, and ultimate flexibility in Unit 1.
The heavy lifting to get that into place is done. The top unit already sits as a substantially completed, two-level, 3-bedroom penthouse with scale and presence. The lower unit is being redesigned as a second 3-bedroom unit, but it presents an ideal opportunity to live on the main level and use the lower level as a short- or long-term cash-cow rental.
Framing. Layout. Systems. The transformation is well underway, creating a rare chance to step into a nearly completed project without starting from scratch. Updated plans are being finalized, and permitting will begin shortly. That means this project can be yours to carry out at the presented price, or delivered shovel-ready for a small fee. Either option creates a streamlined path from acquisition to completion.
For developers, this is a clean handoff with upside. For investors, a value-add play with multiple exit strategies. For end users, an opportunity to customize and capitalize. The real estate entrepreneur could buy the building, live upstairs while completing the project, then move into Unit 1, while leveraging the lower level and Unit 2 for exit cash on ongoing income.
Location only strengthens the story. Set on tree-lined Park Place NW, facing the Old Soldiers Home Golf Course, you get green space from your front porch while being mere moments to neighborhood parks, Metro access, local dining, and the everyday energy that defines Northwest DC living.
Complete it. Customize it. Capitalize on it. 3600 Park Place NW is potential; it's well-positioned for profit; it's perfect for your next project.
