Investment Overview

Marcus & Millichap is pleased to represent exclusively the owner of 4232 6th Street SE, a five-unit apartment in Southeast Washington, DC. The subject property is comprised of fully renovated two-bedroom units with one full bathroom and each of the units are separately metered. This property will be sold vacant, which offers a buyer an opportunity to acquire this building TOPA-free and to stabilize this building with market-rate tenants. An owner can achieve a gross rental income of $195,840 annually by executing a voucher tenant strategy for this building. 4232 6th Street SE is a pre-foreclosure sale and all offers are subject to third-party approval. A purchaser will need to finalize the renovations by installing appliances in each unit, and wall-mounted mini-split heating and cooling units in each room. This property is located in Congress Heights; a predominately residential neighborhood located in Southeast DC. Congress Heights is home to the new 350+ acre Saint Elizabeth campus, a new entertainment & sports arena, the 3,700-employee U.S. Coast Guard headquarters, and the new consolidated home for the Department of Homeland Security. There are over 15 billion dollars of development and infrastructure projects in the pipeline in southeast D.C. including 5,000 residential units, one million square feet of retail, and 3.5 million square feet of office either planned or under construction.