For Sale
Call for price

4001 1St StWashington, DC 20032

8-unit building, value-add opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
117
This 8-unit apartment building presents a compelling value-add investment opportunity in Washington, DC's Congress Heights neighborhood. The property, built in 1967, comprises 4,538 square feet of net rentable space across three stories within a single building situated on a 4,200 square foot lot. The building features eight parking spaces and is zoned RA-1. This is a bankruptcy sale, offering a streamlined transaction exempt from TOPA restrictions. While complete financial documentation is currently being compiled, the property is professionally managed. A due diligence period is allowed, though all contingencies must be removed before the court hearing. The property is sold "as is, where is." The Congress Heights location offers convenient access to the Green Line Metro, parks, and a growing array of amenities, including the Entertainment and Sports Arena and the Congress Heights Arts and Culture Center. This presents a chance to capitalize on the area's ongoing development and strong rental demand. Prospective buyers are encouraged to verify all information independently. The sale includes the opportunity to purchase one, several, or all properties in the portfolio.

Highlights

  • 8-unit multifamily apartment building in Washington, DC's Congress Heights neighborhood.
  • Bankruptcy sale; part of a 9-property portfolio.
  • 4,538 square feet; 8 units; 8 parking spaces.
  • Built in 1967; 3 stories; RA-1 zoning.
  • Lot size: 4,200 square feet.
  • Located at 4001 1st St SE, Washington, DC 20032.

Property Details for 4001 1St St

Property type
Apartment buildings
Square Feet
4,538 SF
Year Built
1967
Buildings
1
Stories
3
Units
8

Location Insight

City
Washington
County
District Of Columbia
State
District of Columbia
Latitude
38.8310303
Longitude
-77.0060996
4001 1St St, Washington, District of Columbia

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4001 1St St
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