2628 Martin Luther King Jr AveWashington, DC 20020

This exceptional 10-unit apartment building opportunity is located at 2628 Martin Luther King Jr. Avenue SE in Washington, D.C.'s Anacostia neighborhood. The property boasts a total of 15,296 square feet of proposed gross space, with 13,730 square feet of rentable area. The building plan includes five three-bedroom units and five four-bedroom units, catering to a variety of renter needs. The site also offers seven surface-level parking spaces and four rooftop terraces, adding significant value and appeal. The 10,585 square foot lot is zoned RA-1. At closing, the property conveys with a complete set of DCRA-approved plans and all necessary permits, allowing for immediate groundbreaking. This turnkey development presents a rare chance to capitalize on the growing demand for multifamily housing in a vibrant and up-and-coming area of Washington, D.C. The asking price is $1,150,000. The property's APN is 5868-0000-1059.