Foreclosure – 16-Unit, 4-Story Apartment Building Washington, DC

101 41st Street NE is a 4-story detached multi-family apartment property reportedly containing a total of sixteen apartments. The building was constructed in 1963 and renovated in 2021. There are 16 surface parking spaces. The 12,300 square foot building sits on a 17,500 square foot lot. The building is served by all utilities to include water, sewer, gas, electric and phone. The units have gas furnaces and heat pumps. All tenants are believed to have been approved through the District of Columbia’s Housing Authority’s Housing Choice Voucher Program. Current allowable rent is $2,030/month for 3-bedroom units.
 

Lot Size:	17,500 sf
Gross Bldg Area:	12,300 sf
Rentable Area:	11,200 sf
Zoning:	RA-1 (Residential Apartment Zone)
Unit Mix:
Units	16
Total Units	16

SSL: 5084 0820
2024 Tax Assessment: $1,249,520
2023 Property Tax: $12,332.56

This property is one of 9 multi-family buildings available at foreclosure auction on April 25. Click Here for the complete list of offerings.

Click on “ACCESS PROPERTY DOCUMENTS.” The Property Information Package contains information, including the sales contract, not available elsewhere.

The following summary of Terms & Conditions of Auction Sale is only intended to provide you a brief outline. For a complete copy, either download the Property Information Package, if available, or contact Jeff Stein

Jeff Stein: Tranzon Key

703-539-8111 jstein@tranzon.com

All bidders must agree to all of the Terms & Conditions of Auction Sale prior to bidding at any Tranzon auction. Listings may be withdrawn or modified without notice at anytime.

For general information on the auction process, please review the Frequently Asked Questions.

• Buyer's Premium: None
• Closing: 30-Day closing, sold in As-Is condition, no contingencies.
• Deposit Amount: Minimum deposit of $50,000 in guaranteed funds, with 10% due within 3 business days. Deposit checks should be made payable as follows: Michael D. Nord and Michael C. Bolesta, Substitute Trustees
• Broker Co-op: 1% of the high bid will be paid to a properly registered broker at settlement.
• Agency Disclosure: The member company acting as auctioneer/agent is an agent for the seller only.
• Disclaimer: Information contained herein is believed to be correct to the best of auctioneer/agent's knowledge but is subject to inspection and verification by all parties relying on it. Sellers, their representatives and auctioneer/agent shall not be liable for inaccuracies, errors, or omissions. All square footage and other dimensions are approximate. This offering is subject to prior sale and may be withdrawn, modified or cancelled at any time without notice.