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1023 16th St NE
Washington, DC 20002
4 Unit Multi-Family Building · Multifamily Property For Sale
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4 Units
Property Facts
| No. Units | 4 | Lot Size | 0.07 AC |
| Property Type | Multifamily | Building Size | 2,640 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1920/2018 |
| Building Class | C | ||
| Zoning | RF-1 | ||
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 2,640 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1920/2018 |
| Zoning | RF-1 |
About 1023 16TH ST NE , WASHINGTON, DC 20002
GUIDED TOUR: 10/5 @ 10:30AM PROMPTLY! Online Only Auction! Bidding begins Friday, October 5th and ends Wednesday, October 10th at 1:00PM. List price to be opening bid. 4 Unit Multi-Family Building in the "Trinidad/Arboretum/Ivy City" Neighborhood of NE Washington, DC **Potential Gross Annual Rent Of $55,000** Improved by a 2,640 +/- SF, 4 unit multi family building. All units are 1BR/1BA and contain a living room, dining room, kitchen, sunroom and separate rear entrance. The units are separately metered for gas and electric. Heat is provided by gas furnace with hot water radiators. Currently the owner is not collecting rent from any of the tenants. The new owner will need to stabilize the property in regards to establishing a landlord/tenant relationship. Potential Gross Annual Rent Of $55,000 Unit 1: Located on the main level was rented for $1,146/month S8 Unit 2: Located on the main level was rented for $1,146/month S8 Unit 3: Located on the second level and is currently vacant Unit 4: Located on the second level was rented for $1,146/month S8 PER THE LAWS OF DISTRICT OF COLUMBIA THIS PROPERTY IS BEING SOLD SUBJECT TO TOPA. THE TENANTS WILL HAVE THE OPPORTUNITY TO MATCH THE PURCHASE AGREEMENT. Diligence Package: Any Leases we have and a copy of the purchase and sale agreement with assorted addenda are located in the documents section of the auctioneers website, link below. In order to gain access, you must create a free account as well as accept a non disclosure agreement. Auction Notes: Online Only Auction! Bidding begins Friday, October 5th and ends Wednesday, October 10th at 1:00PM Online Bidding Notes: The initial deposit must be made via credit card, wire transfer or by Cashier's Check. Please review the online bidding terms and deposit transmittal form in the Documents Section for more details.
