Foreclosure – 15-Unit Apartment Building Washington, DC

This property is a 15-unit apartment building located in the Petworth neighborhood in NW Washington DC. The 2-story building was built in 1925 and underwent extensive renovation is 2021. The property has a gross building area of 10,700 square feet and a net rentable area of 9,700 square feet and sits on a 6,020 square foot lot. The property reportedly contains one (1) 2-bedroom, 1 bath apartment and fourteen (14) 3-bedroom, 1 bath units. The property participates in the Housing Choice Voucher Program. Current DC Fair Market rent for a 2-bedroom unit is $1,700 and a 3-bedroom unit is $2,110 in this zip code.

This property is one of 10 multi-family buildings available at foreclosure auction. 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 Listings may be withdrawn or modified without notice at anytime.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: 1.25% 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 This offering is subject to prior sale and may be withdrawn, modified or cancelled at any time without notice.