Open House Friday, April 25 from 9am - 10am

List price to be opening bid at online only auction. Online auction to be conducted on Auctioneers website. Bidding begins Thursday, April 24th and ends Tuesday, April 29, 2025 at 12:00pm. Seize this excellent chance to acquire a detached brick apartment building featuring four units, all of which are currently unoccupied. The property boasts two units on each of its two levels. Each unit is equipped with individual electric and gas meters for convenience. The building is surrounded by a fence enclosing both the front and back yards, with security bars adorning the windows on the main level. A grass lawn lies within the fenced perimeter. Unit Breakdown: • Main Level: Units A and B • Upper Level: Units 1 and 2.
Units A, 1, and 2 each offer a living area, dining space, one bedroom, a full bathroom, and a kitchen. Unit B features an open-concept layout with an eat-in kitchen seamlessly connected to the living area, along with one bedroom and a full bathroom. All units come equipped with gas water heaters, forced hot air systems, and window air conditioning units. While Unit B underwent a renovation in 2022, Units A, 1, and 2 are awaiting updates and refurbishment. According to the seller, the current stipulated rent from Housing Choice - DHCD for the 20019 zip code stands at $1,410 per month. With this figure in mind, the potential monthly rental income could reach $5,640, translating to an impressive annual rental income of $67,680.
Location: The property has a convenient location near the MD/DC line. There is plenty of dining, shopping, schools, recreational facilities, and access to transportation routes. Roadways nearby include I-495, I-295, Suitland Parkway and more. The Ronald Reagan Washington National Airport is across the Potomac River. Zoning: The property is zone R-2 according to the DC zoning map. Per the DC Zoning Handbook, The purposes of the R-2 zone are to: Provide for areas with semi-detached dwellings; and Protect these areas from invasion by denser types of residential development. The R-2 zone is intended to provide for areas predominantly developed with semi-detached houses on moderately sized lots that also contain some detached dwellings. Note: The above description and seller suggested potential rent is for informational purposes only. You should do your own due diligence before placing a bid.