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Bankruptcy | DC Apartment Buildings Washington, DC

Property Location MAP

4900-4904 Quarles St NE
Washington, DC 20019

Property #: FX7350

Contact Agent

Jeff Stein
Tranzon Fox

703-539-8111 jstein@tranzon.com

Documents

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Opportunity knocks! 4900-4904 Quarles Street consists of two six-unit apartment buildings. The buildings are set upon 5 lots totaling 16,758 +/- square feet of land area.  Each building contains four 2 bedroom/2 bath units; one 2 bedroom/1 bath unit and one 1 bedroom/1 bath unit.  The buildings are heated with a high efficiency gas fired boiler system (radiant heat). Each building has an on-demand tankless hot water system. The 2 bedroom units have washers and dryers. Expansion plans are available in the Property Information Package.

The property is zoned RA-1 which allows for a max Floor Area Ratio of 90%. The current FAR is 46% so there may be room for expansion. There are currently 4 short-term tenants in the 4900 building. The property is being sold by order of the US Bankruptcy Court so TOPA does not apply.

Please be sure to download the Property Information Package by clicking on  “Download Now”. By downloading this package you will alert Tranzon Fox to your interest in this property and you will receive emails with any updates on this auction. The package contains information needed to participate in bidding at auction.

Directions:

On Quarles St near the Deanwood Community Center, just west of Eastern Ave NE

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 Fox

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 Listings may be withdrawn or modified without notice at anytime.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: 5% Buyers Premium based on the high bid.
  • Closing: 30-Day closing, sold in As-Is condition, no contingencies.
  • Deposit Amount: 5% deposit with a minimum deposit of $50,000 in guaranteed funds.
  • 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.

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