Washington DC Commercial for Sale

ADDITIONAL INFORMATION

Vacant religious facility sitting on .41 acre corner lot. The lot is zoned commercial. Property is within walking distance of Deanwood Metro Station. There are other redevelopment projects within a half-mile radius of the property. Potential usage as a religious facility, redevelopment or other use-case.

ADDITIONAL INFORMATION

Turnkey investment opportunity in sought after Deanwood neighborhood. This 6 unit, all brick, detached building offers 6 1-bedroom, 1 bathroom units. 2 of the 6 units are vacant and newly renovated with a new kitchen, bath and washer/dryer hookup. The remaining 4 units are occupied with long term tenants paying rents reflecting the current market. Units are separately metered for gas and electric. Each unit is served by an individual 40 or 50 gallon gas water heater and has central heating (gas furnace) and air conditioning. Building is well maintained. New or seasoned investors will enjoy the relative ease, flexibility, and profitability of this investment. Live in one or rent all for maximum cash flow. Vacant units are available for showing by appointment.

ADDITIONAL INFORMATION

THE BUILDING The property is an existing two-story semi-detached multifamily apartment building containing a total of four, potentially five, dwelling units with 3,162 square feet of gross building area, plus an unfinished basement level (according to the tax record). The building was constructed in 1943 and reportedly completely renovated in 2021. The zoning is R-2 (Residential Zone) and the lot size is 4,053 square feet, or 0.09 acres. There are four 3 BR / 1 BA units, with two on each floor, plus the potential for a fifth unit in the basement. The basement unit is currently unfinished, but the active BBL issued on March 1, 2023 allows five units. Utility providers are DC Water and Sewer Authority, PEPCO, Washington Gas, and Verizon. THE NEIGHBORHOOD The nearest fire and police stations are within one mile of the property. The local school system includes Kimball Elementary School, Sousa Miller Middle School, and Anacostia High School. Major colleges and universities are Georgetown, George Washington, and American Universities in Washington, DC, as well as the University of Maryland, College Park in Maryland. The main access into the neighborhood is the Baltimore-Washington Parkway/Anacostia Freeway (Route 295). Access to the area from the Anacostia Freeway is provided by Kenilworth Avenue NE to Minnesota Avenue SE and then to D Street SE. Public transportation is provided by the Washington Metropolitan Area Transit Authority (WMATA) and provides access throughout Washington, DC and to major destinations in suburban Maryland and Virginia. According to WMATA, the nearest subway station is the Benning Road Metrorail Station (Blue Line), located about 1.5 miles from the property. The closest bus stop is about two blocks east of the property at the corner of Minnesota Avenue SE and 34th Street SE. THE OPPORTUNITY This property is being sold by a Chapter 7 Bankruptcy Trustee, therefore the sales are exempt from DC’s Tenant Opportunity to Purchase Act (TOPA). This allows for an expedited acquisition process, including necessary Bankruptcy Court approval.

ADDITIONAL INFORMATION

THE BUILDING The property is an existing three-story multi-family apartment building containing a total of fifteen dwelling units with 13,468 square feet of gross building area, plus a finished basement level (according to the tax record). The building was constructed in 1963 and reportedly completely renovated in 2021. The zoning is RA-1 (Residential Apartment Zone) and the lot size is 17,500 square feet, or 0.4 acres. The unit mix includes approximately six 1 BR / 1 BA units, seven 2 BR / 1 BA units, and two 3 BR / 1 BA conversions. The building has three floors above ground with four units each, plus a finished basement with three units, a laundry room, and storage. There is a parking lot with 16 spaces for use by the residents. Utility providers are DC Water and Sewer Authority, PEPCO, Washington Gas, and Verizon. THE NEIGHBORHOOD The nearest fire and police stations are within one-tenth of a mile of the property. The local school system includes Smothers Elementary School, Kelly Miller Middle School, and Woodson High School. The building is across the street from the Benning Elementary Campus, which is a DC Prep Public Charter School offering grades Pre-K through Eighth. Major colleges and universities are Georgetown, George Washington, and American Universities in Washington, DC, as well as the University of Maryland, College Park in Maryland. The main access into the neighborhood is the Baltimore-Washington Parkway that becomes the Kenilworth Avenue Freeway/Anacostia Freeway (Route 295). Access to the area from Route 295 is provided by Nannie Helen Burroughs Avenue NE to Minnesota Avenue NE, and then to Hunt Place NE and 42nd Street NE, Ames Street NE, and finally 41st Street NE. Public transportation is provided by the Washington Metropolitan Area Transit Authority (WMATA) and provides access throughout Washington, DC and to major destinations in suburban Maryland and Virginia. The Minnesota Avenue Metrorail Station is located approximately 0.6-mile northwest and the nearest WMATA Metrobus stop is located about less than two blocks south at the corner of 41st Street NE and E. Capitol Street NE. THE OPPORTUNITY This property is being sold by a Chapter 7 Bankruptcy Trustee, therefore the sales are exempt from DC’s Tenant Opportunity to Purchase Act (TOPA). This allows for an expedited acquisition process, including necessary Bankruptcy Court approval. The property is also located within an Opportunity Zone census tract designed by the District of Columbia, offering federal tax incentives to support public and community economic growth.

ADDITIONAL INFORMATION

ADDITIONAL INFORMATION

This property is apart of a portfolio sale, that includes 4719 Sheriff Road NE MLS#DCDC2136272 and 930 47th Place NE MLS#DCDC2136296. ALL THE PROPERTIES MUST BE PURCHASED TOGETHER.

ADDITIONAL INFORMATION

Motivated seller, bring an offer! Renovated turnkey five unit building for sale in Marshall Heights. Pro forma cap rate is 9.5%. Unit mix consists of four 2 bedroom units and one 1 bedroom unit. Three occupied units: unit 1 (2 bedroom/1 bath, $1,472/month), unit 2 (1 bedroom/ 1 bath, $1,525/month), and unit 5 (2 bedroom/1 bath, $,1,757/month). Units 3 and 4 are vacant. Vacant units are move-in ready. Ownership received approval from DCHA for a rent of $1,757/month for the vacant units and unit 5 was leased out in November 2024 at that rent. Current and projected rents include all utilities (electricity, water, sewer, trash). Gas is available but it is not being utilized at the property. All units and renovated and feature newer kitchens, bathrooms, appliances, and flooring. Units have individual HVAC systems and water heaters. Building has a large unfinished utility room adjacent to the basement unit (unit 5). This space could be used for expansion of the basement unit. Lot is 6,758 SF and it may be possible to expand the existing structure. R-2 zoning. Great for investors. Please see the Offering Memorandum for more information!

ADDITIONAL INFORMATION

Exciting Opportunity: Prime Tenant-Occupied Property! Seller financing is available with 30% down. Welcome to a lucrative investment opportunity right across from the bustling Minnesota Ave subway station. This property, currently serving as a thriving doctor's office, boasts a net lease arrangement. What does that mean? The tenant takes care of all expenses, including DC property taxes and property insurance, ensuring a hassle-free ownership experience for you. Generating a gross income of $21,000, the current rent is just month to month . With the potential to raise the rent per square foot, this investment promises even greater returns. Also the value is in the lot this being corner unit and zoned MU-3A tons of potentials. Property can be delivered vacant . Don't miss out on this golden opportunity to own a prime piece of real estate. Plenty of parking side parking belongs to the city and parking is allowed as long as driveway is gravel.

ADDITIONAL INFORMATION

Opportunity to invest in multi-unit property in Deanwood, NE Washington DC. All units are configured with 1 bedrooms and 1 bathroom , six (6) units total. Notable upgrades include: newer roof, updated flooring in some units, and more... This multi-unit building offers an excellent opportunity for savvy investors seeking to expand their portfolio. With a combination of style, convenience, and income potential, this property is a standout in the local market. Donât miss out on your opportunity to invest and set up youâre showing with us today

ADDITIONAL INFORMATION