735 Alabama Ave Se
$1,100,000, 3,236 Sqft .08 Acres
About This Property
735 Alabama Ave is a fully renovated turn-key investment property with a huge upside potential based on recent and planned developments in the area. This property is a multi-family building with (4) one bed / one bath units. All units have been rented for several years with long-term tenants. Very low maintenance property as all plumbing, electrical, HVAC, walls, and floors were installed new a few years ago. This property also comes with (3) off-street parking, which is becoming more and more difficult to find. The current rent roll is can be increased 5-10% simply based on the approved rental rates from DCRA. **3 blocks to Congress Heights Metro, close to shopping and dining at the St. Elizabeth East plaza. This jewel is alsominutes from Bolling Air Force Base. **Learn more about the St. Elizabeth East redevelopment underway here: https://stelizabethseast.com/. Once completed, this property which is only 2-3 blocks away will see a substantial increase in value and market rental rates will also increase. This property is currently zoned as a 4-unit multi-family, but has enough land available to build additional units. **Reason for sale: current owner is relocating.
Attic, Washer/Dryer Hookup, CeilngFan(s)
Microwave, Oven/Range-Gas, Refrigerator, Stove
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
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Listing information last updated on April 4th, 2020 at 12:03am CDT.