4301 Wheeler RdWashington, DC 20032

Property Details for 4301 Wheeler Rd

Year built

1950

Property size (Sq ft)

30,350 SF

Property type

Apartment buildings

Description

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.

Location Insight

City

Washington

County

District Of Columbia

State

DC

Latitude

38.8325

Longitude

-76.9885

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