Description

THE BUILDING
The property is an existing two-story multi-family apartment building containing a total of fifteen dwelling units with 14,300 square feet of gross building area, plus basement level (according to the tax record). The building was constructed in 1937 and reportedly completely renovated in 2021. The zoning is R-3 (Residential Zone) and the lot size is 9,360 square feet, or 0.2149 acres. The units are a mix of fourteen 3 BR / 1 BA apartments on two floors, plus a 1 BR / 1 BA unit in the basement that is currently stripped down to the studs, and a small laundry room. Utility providers are DC Water and Sewer Authority, PEPCO, Washington Gas, and Verizon.

THE NEIGHBORHOOD
The nearest fire and police stations are within one-tenth of a mile of the property. The local school system includes Ketcham Elementary School, Kramer Middle School, and Anacostia High School. Major colleges and universities are Georgetown, George Washington, and American Universities in Washington, DC, as well as the University of Maryland, College Park in Maryland.

The main access into the neighborhood is the Baltimore-Washington Parkway that becomes the Kenilworth Avenue Freeway/Anacostia Freeway (Route 295). Access to the area from the Anacostia Freeway is provided by Martin Luther King Jr. Ave SE to V Street SE. Public transportation is provided by the Washington Metropolitan Area Transit Authority (WMATA) and provides access throughout Washington, DC and to major destinations in suburban Maryland and Virginia. The Anacostia Avenue Metrorail Station is located approximately 0.8-miles southwest and the nearest WMATA Metrobus stop is located less than two blocks east, at the corner of V Street SE and 16th Street SE.

THE OPPORTUNITY
This property is being sold by a Chapter 7 Bankruptcy Trustee, therefore the sales are exempt from DC’s Tenant Opportunity to Purchase Act (TOPA). This allows for an expedited acquisition process, including necessary Bankruptcy Court approval. The property is also located within an Opportunity Zone census tract designed by the District of Columbia, offering federal tax incentives to support public and community economic growth.