101 41St St Washington, DC 20019

This exceptional investment opportunity presents a 15-unit multifamily building situated on a 0.4-acre lot at 101 41st Street NE, Washington, DC. The 13,468 square foot building, constructed in 1963 and completely renovated in 2021, boasts a desirable unit mix: approximately six 1-bedroom/1-bathroom, seven 2-bedroom/1-bathroom, and two 3-bedroom/1-bathroom units. The three-story building includes a finished basement housing three additional units, a laundry room, and storage. Residents enjoy on-site parking with 16 spaces. The property is zoned RA-1 (Residential Apartment Zone) and benefits from its location within an Opportunity Zone census tract, offering potential federal tax incentives. The expedited acquisition process is facilitated by the sale under Chapter 7 Bankruptcy Trustee, exempting it from DC's Tenant Opportunity to Purchase Act (TOPA). Conveniently located near major transportation arteries including the Baltimore-Washington Parkway and Route 295, with easy access to the Minnesota Avenue Metrorail Station and WMATA Metrobus routes. Nearby schools include Smothers Elementary, Kelly Miller Middle, and Woodson High Schools, as well as the Benning Elementary Campus (DC Prep Public Charter School). Proximity to fire and police stations ensures safety and security. Utilities are served by DC Water and Sewer Authority, PEPCO, Washington Gas, and Verizon. This presents a compelling investment opportunity with significant upside potential.