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Good Deal or Not? CARRIAGE HOUSE AT REAR OF LOT BACKS TO BLAGDEN ALLEY (reader request)

This home is located at 1225 10th St, NW:


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The flier says:

“UNIQUE PROPERTY & OPPORTUNITY FOR SMART INVESTOR IN “HAPPENING”NEIGHBORHOOD. CARRIAGE HOUSE AT REAR OF LOT BACKS TO BLAGDEN ALLEY. DC ZONING MAP SHOWS REAR PROPERTY ZONED C2A, TAX RECORDS SHOW LOT & SQUARE AS R4. FIRST FLOOR OF CARRIAGE HOUSE 10’+ CEILING HEIGHT USED AS STUDIO, UPSTAIRS IS TRUE LOFT W/ SKYLIGHTS. LIKELY COULD HAVE 2 UNIT CONDO FRONTING ON 10TH, BUT NOT GUARANTEED.”

You can find more info here and photos here.

$850,000 sound right for this carriage house?

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