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.

Essential Information

MLS® #DCDC454290
Price$1,100,000
Bathrooms0.00
Square Footage3,236
Acres0.08
Year Built1925
TypeMulti-Family
Sub-TypeDetached, Quad
StyleTraditional
StatusActive

Community Information

Address735 Alabama Ave Se
SubdivisionCONGRESS HEIGHTS
CityWASHINGTON
CountyWASHINGTON-DC
StateDC
Zip Code20032

Amenities

Amenities

Attic, Washer/Dryer Hookup, CeilngFan(s)

Interior

Interior FeaturesFloor Plan-Open
HeatingForced Air
CoolingNone
Has BasementYes
BasementFull

Appliances

Microwave, Oven/Range-Gas, Refrigerator, Stove

Exterior

ExteriorFrame, Vinyl Siding
RoofArchitectural Shingle

School Information

District

DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Additional Information

Date ListedJanuary 8th, 2020
Days on Market87
ZoningR4

Listing Details

OfficeNetRealtyNow.com, LLC

The listing content relating to real estate for sale on this web site is courtesy of MRIS. Listing information comes from various brokers who participate in the MRIS IDX.Properties listed with brokerage firms other than Compass are marked with the MRIS Logo and detailed information about them includes the name of the listing brokers.The properties displayed may not be all the properties available. All information provided is deemed reliable but is not guaranteed and should be independently verified.All listing information copyright MRIS 2020.

Listing information last updated on April 4th, 2020 at 12:03am CDT.

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