4013 Gault Place NE

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Address: 4013 Gault Pl NE, Washington, DC 20019, USA

Washington DC + Apartment Buildings

Created date: December 16, 2024

Date last updated: December 17, 2024

THE OPPORTUNITY
4013 Gault Street NE is a vacant six-unit apartment building situated in the rapidly developing Deanwood neighborhood of Washington, DC, offering significant potential for value appreciation.'
100% VACANT
The Property is currently 100% vacant, offering the new owner immediate ability to implement a business plan. The building’s vacancy means the transaction will be TOPA-free, providing a quicker, more efficient closing process without the complications of tenant rights or claims.
TOPA-FREE
4013 Gault Street NE will be delivered unoccupied meaning the transaction will be TOPA-free. This exemption from the complex TOPA process allows for a more streamlined and efficient closing, reducing potential delays.
RECENT GUT-RENOVATIONS
The Property underwent a gut renovation in 2018, including upgrades to systems, electrical, appliances, and exteriors. These recent gut renovations reduce the need for future repairs and minimize the potential for additional capital improvements, making it a more stable investment for the purchaser.
HIGH RENT POTENTIAL
The Asset is well-positioned to capitalize on the strong demand for two-bedroom units in the area. Market rents in the vicinity
are estimated at $2,380 per month, offering immediate income potential for the new owner.
UNMATCHED TRANSPORTATION ACCESS
Located just steps from the Minnesota Avenue Metro Station, which serves both the Orange and Silver lines, the Property offers unparalleled connectivity throughout DC, Maryland, and Northern Virginia. Future plans to extend the Silver Line to Dulles International Airport will only enhance its accessibility. Additional transit options include nearby bus stops and immediate access to
I-295, connecting to I-495, I-95, and Route 50.
MINNESOTA AVENUE RETAIL CORRIDOR
The Property benefits from its proximity to a growing retail corridor along Minnesota Avenue, offering tenants convenient access to walkable shopping and casual dining options. As development continues in the area, tenants will enjoy further amenities in this evolving neighborhood.

Property Description

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Key Property Information

Listing Status:	Available
Listing Type:	Call for offers
Property Types:	Apartment Buildings
No. of Units:	6
Year Built:	1953
Lot Size:	1.00 Sq ft
Opportunity Zone:	No
Property Website	Click Here