Investment Opportunity - 4 Unit Apartment Washington, DC

INVESTMENT OPPORTUNITY!!! Looking to enhance your rental portfolio? Discover the potential of this 4-unit, 1-bedroom, 1-bathroom quadruplex in Anacostia. This property is ideal for investors seeking cash flow or developers eyeing a condo conversion, with potential rents of $1,500 per month per unit.

Conveniently located near the upcoming Anacostia Arts & Business District and I-295, there is ample space for expansion, allowing for increased rental potential. Additionally, the property holds a Certificate of Occupancy as a four-unit building, ensuring compliance and legal status. This is a perfect opportunity for creative redevelopment or renovation to meet diverse investment goals.

Tax Map#: 5766//0810
2024 Tax Assessment: $647,280
2024 Annual Taxes: $5,563.34

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

Directions:

From Nationals Park:- Head southeast on N St SE toward S Capitol St SE. Continue on S Capitol St SE. Take Suitland Pkwy and Firth Sterling Ave SE to 16th St SE. Turn right onto 16th St SE. The property will be on your left.

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 Listings may be withdrawn or modified without notice at anytime.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.

Print Terms and Conditions

• Buyer's Premium: 10% Buyers Premium based on the high bid.
• Closing: 30-Day closing, sold in As-Is condition, no contingencies.
• Deposit Amount: High bidder is required to execute a Contract for Sale and Purchase of Real Estate and remit to Tranzon by close of business the day of the auction. A 10% deposit is due within 48 hours of being notified that you are the successful high bidder.
• Buyer Agent Compensation: 2% of the high bid will be paid to a properly registered buyer's agent 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.