For Sale
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4263 6Th StWashington, DC 20032

2-Unit Building, Chapter 11 Sale

Overview

Added:
Dec 11, 2024
Days on market:
114
This 2-unit apartment building, located at 4263 6th St SE, Washington, DC 20032, presents a unique investment opportunity. The property, built in 1952, boasts 4,125 square feet on a 3,289 square foot lot (APN: 6207-0000-0046). Classified as a Class C multifamily property, it's currently part of a larger Chapter 11 bankruptcy sale, offering investors a chance to acquire a distressed asset. The property is zoned RA-1 and is not subject to the Tenant Opportunity to Purchase Act (TOPA) due to its bankruptcy status. Situated in Washington, DC's rapidly evolving East of the River submarket, this building benefits from proximity to significant ongoing developments, including the St. Elizabeths East Campus and the Skyland Town Center, representing over $1 billion in investment. These developments will enhance infrastructure and amenities in the area, boosting the property's future value. Recent renovations minimize immediate capital expenditure needs. The property's ideal unit mix contributes to its potential for strong rental income. This sale offers a chance to acquire a piece of a growing market with significant upside potential. The property's location offers easy access to various amenities and transportation options. This is a compelling opportunity for investors seeking a distressed asset with significant redevelopment potential in a rapidly improving neighborhood.

Highlights

  • Distressed multifamily property in Chapter 11 bankruptcy sale, exempt from TOPA.
  • Ideal unit mix for the submarket.
  • Recently renovated.
  • Located in a rapidly evolving East of the River submarket in Washington, DC.
  • Opportunity to acquire either the entire nine-property portfolio or individual assets.

Property Details for 4263 6Th St

Property type
Apartment buildings
Square Feet
4,125 SF
Class
C
Year Built
1952
Units
2

Location Insight

City
Washington
County
District Of Columbia
State
District of Columbia
Latitude
38.827215
Longitude
-76.9987158
4263 6Th St, Washington, District of Columbia

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4263 6Th St
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