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2425 Alabama Avenue SEWashington, DC 20020MLS Number DCDC2062014

  • Price: $5,250,000
  • 295 Days on Market
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Federal 30-year interest rate: 6.79% last updated on Jun 1, 2023
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Active with Contract
2425 Alabama Avenue SE Washington DC 200202425 Alabama Avenue SE Washington DC 200202425 Alabama Avenue SE Washington DC 200202425 Alabama Avenue SE Washington DC 200202425 Alabama Avenue SE Washington DC 200202425 Alabama Avenue SE Washington DC 200202425 Alabama Avenue SE Washington DC 20020
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  • 1.1Acreage
  • 1951Year Built
  • 506Price Per Square Foot
  • 51Units
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
Listed by Lisa S Wright, Stonegate Realty Group,LLC

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Yeonas & Shafran Real Estate, LLC

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Yeonas & Shafran Real Estate, LLC
Office: 703-790-3330
1309 Vincent Pl
McLean, VA 22101

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Location Information

  • UsmAreaWashington

Parking

  • Assigned Parking Spaces
  • Parking TypesNone

Basic Information

  • Date Listed08/17/2022

Location

  • Address2425 Alabama Avenue SE
  • Building Number2425
  • CountyWashington
  • DirectionsSouth Capitol to Suitland Pkwy to Alabama Ave SE to 2425
  • In City Limits YNYes
  • StateDC
  • TownWashington
  • Zip20020

Utilities

  • CoolingNone
  • Heat SystemCentral
  • Heating FuelNatural Gas
  • Heating YNYes
  • SewerPublic Sewer
  • Water HeaterNatural Gas
  • Water SourcePublic

Basic Information

  • Broker NameStonegate Realty Group, LLC
  • List Price$5,250,000
  • MLS NumberDCDC2062014
  • MLS Property TypeCommercial Sale
  • Price Per Square Foot506
  • StatusActive With Contract
  • Units51

Building

  • Building Area SourceAssessor
  • Building Area Total10368
  • Construction MaterialsBrick
  • Garage Spaces
  • Num Attached Garage Spaces
  • Num Detached Garage Spaces
  • Total Garage And Parking Spaces
  • Total Restrooms51
  • Year Built1951

Other

  • Operating Expense IncludesLandscaping, Insurance, Trash, Snow Removal, Sewer, Repair/Maintenance, Water
  • Soil TypesUnknown
  • Trash Expense9988
  • View Count3

Tax Information

  • Assessment Year2022
  • City Town Tax29917
  • City Town Tax Payment FrequencyAnnually
  • Tax Assessment Amount3578520
  • Tax Lot804
  • Tax Year2022
  • Taxes$29,917
  • Total Taxes Payment FrequencyAnnually

Property

  • Acreage1.1
  • Business TypeApartment Building
  • Lot Size SourceAssessor
  • Lot Size Square Feet48,033
  • Property ConditionBelow Average, Major Rehab Needed
  • Property SubTypeFive Or More Units
  • ZoningC

Legal

  • PossessionOther
  • Sale TypeStandard

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Copyright 2023 BRIGHT, All Rights Reserved.  Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Yeonas & Shafran Real Estate participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Data last updated June 7, 2023. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.

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