$4,750,000
$5,250,000
9.5%For more information regarding the value of a property, please contact us for a free consultation.
2425-2431 ALABAMA AVE SE Washington, DC 20020
10,368 SqFt
Key Details
Sold Price $4,750,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 10,368 sqft
Price per Sqft $458
MLS Listing ID DCDC2062014
Sold Date 12/15/23
Originating Board BRIGHT
Year Built 1951
Annual Tax Amount $29,917
Tax Year 2022
Lot Size 1.103 Acres
Acres 1.1
Property Description
OWNER HAS NO INFORMATION TO PROVIDE IN REFERENCE TO ANNUAL EXPENSES. PROPERTY CONSIST OF 4 BUILDINGS WITH A TOTAL OF 51 UNITS. THERE ARE 27 - 2 BEDROOMS UNITS AND 24 - 1 BEDROOM UNITS. BUILDINGS ARE BEING SOLD AS IS AND WILL REQUIRE COMPLETE GUT AND RENOVATIONS. UNITS ARE INDIVIDUALLY METERED FOR GAS AND ELECTRIC. PROPERTY BEING SOLD WITH CURRENT TENANTS - 28 LEGAL LEASED TENANTS, 10 SQUATTERS AND 13 VACANT UNITS. THIS PROPERTY IS NON PERFORMING W/ NO REVENUE BEING COLLECTED/ ONLY 2 TENANTS PAYING ACCORDINGLY. RENTS ARE FAR BELOW CURRENT MARKET RENT FOR THE AREA. CALL AGENT FOR MORE INFORMATION AND TO SET UP A SHOWING
Location
State DC
County Washington
Zoning C
Interior
Hot Water Natural Gas
Heating Central
Cooling None
Heat Source Natural Gas
Exterior
Waterfront N
Water Access N
Accessibility None
Parking Type None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Tax ID 5725//0804
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Lisa S Wright • Washington Area Properties, LLC