For Sale
Call for price

4301 Wheeler RdWashington, DC 20032

42 Units, Distressed Sale, High Potential

Overview

Added:
Dec 11, 2024
Days on market:
117
This 42-unit apartment building, located at 4301-13 Wheeler Road SE, Washington, DC 20032, presents a unique investment opportunity. The 30,350 square foot building, constructed in 1950, sits on a 41,857 square foot lot and is classified as Class C multifamily. Currently under Chapter 11 bankruptcy, this sale is exempt from the Tenant Opportunity to Purchase Act (TOPA). The property's RA-1 zoning offers potential for future development. Situated in the rapidly evolving East of the River submarket, this asset benefits from proximity to major developments like the St. Elizabeths East Campus and Skyland Town Center, which are driving significant infrastructure improvements and increased amenities in the area. These developments include substantial retail offerings and residential units, further enhancing the property's long-term value. The building's recent renovations minimize immediate capital expenditure needs for the buyer. The existing unit mix offers potential for efficient market rental demand capture. This distressed sale presents a chance to acquire a significant asset in a growing Washington, DC neighborhood. The APN is 5924-0000-0083. This is an exceptional opportunity for investors seeking to capitalize on the revitalization of this dynamic area.

Highlights

  • Not subject to the Tenant Opportunity to Purchase Act (TOPA).
  • Ideal unit mix for the submarket.
  • Chapter 11 bankruptcy sale.
  • Recently renovated, minimizing immediate capital expenditures.
  • Located in Washington, DC's rapidly evolving East of the River submarket, near major developments.
  • Potential for individual or portfolio acquisition.

Property Details for 4301 Wheeler Rd

Property type
Apartment buildings
Square Feet
30,350 SF
Class
C
Year Built
1950
Units
42

Location Insight

City
Washington
County
District Of Columbia
State
District of Columbia
Latitude
38.8324719
Longitude
-76.9884945
4301 Wheeler Rd, Washington, District of Columbia

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4301 Wheeler Rd
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