4010 9Th StWashington, DC 20032

Property Details for 4010 9Th St

Year built

1967

Construction

BRICK

Lot size

0.23 AC

Property size (Sq ft)

9,605 SF

Zone code

RA-1

Property type

Apartment buildings

APN

5924 0090

APU

59240090

Description

This 12-unit apartment building, located at 4010 9th St SE, Washington, DC 20032, presents a unique investment opportunity. Built in 1967, this Class C property boasts 9,605 square feet on a 9,825 square foot lot (APN: 5924-0000-0090). Currently under Chapter 11 bankruptcy, this sale is exempt from the Tenant Opportunity to Purchase Act (TOPA). The property is zoned RA-1 and features a recently renovated interior, minimizing immediate capital expenditure needs. Situated in Washington, DC's 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, promising significant future growth potential. The ideal unit mix of one-, two-, three-, and four-bedroom units allows for efficient capture of market rental demand. This distressed sale offers investors a chance to acquire a valuable asset in a high-growth area, free from TOPA restrictions. The property's location near substantial ongoing developments, including over $1 billion in mixed-use projects featuring retail, residential, and entertainment spaces, ensures long-term value appreciation. This is a compelling opportunity to acquire a well-positioned multifamily asset in a dynamic and expanding Washington, DC neighborhood. The property's recent renovations minimize upfront investment, allowing for immediate value-add potential. This is an exceptional chance to capitalize on the revitalization of the East of the River submarket.

• CAP approach

  CAP return

  Valuation

  6%

  $3,450,650

  6.5%

  $3,185,220

  7%

  $2,957,700

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,876,830

  Geo Method

  $1,876,830

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $5,171,490

  Retail / Commercial

  $2,640,360

  Mixed-Use / Specialty

  $2,621,840

  Hospitality / Lodging

  $1,911,710

  Office

  $2,596,790

  Institutional / Educational

  $2,722,410

  Multifamily

  $3,870,650

  Automotive / Energy

  $2,333,490

  Parking / Income-Based Land

  $814,255

  Restaurant / Food Service

  $1,344,210

  Healthcare / Senior Housing

  $2,697,990

Location Insight

City

Washington

County

District Of Columbia

State

DC

Latitude

38.8323

Longitude

-76.9903

CBSA code

47900

CBSA name

WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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