Foreclosure – 8-Unit, 3-Story Apartment Building Washington, DC

4001 First Street SE is a 3-story plus finished basement level detached multi-family apartment property reportedly containing a total of eight 3-bedroom apartments. There are 8 parking spaces. The building was constructed in 1967 and renovated in 2019. The 6,000 square foot building sits on a 4,200 square foot lot. The building is served by all utilities to include water, sewer, gas, electric and phone. The building is heated and cooled with package HVAC units which were all replaced in 2020 as part of the overall renovation of the property. 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 $1,893/month for 3-bedroom units.
 

Lot Size:	4,200 sf
Gross Bldg Area:	6,000 sf
Rentable Area:	4,992 sf
Zoning:	RA-1 (Residential Apartment Zone)
Unit Mix:
3-Bedroom Units	8
Total Units	8

SSL: 6170 0040
2024 Tax Assessment: $603,330
2023 Property Tax: $6,907.72

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 Listings may be withdrawn or modified without notice at anytime.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: 1.5% 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.