REO Sale | Value-Add Washington DC Apartment

Property feature image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Address: 1629 28th St SE, Washington, DC 20020, USA
Created date: June 19, 2024
Date last updated: June 19, 2024

RI Marketplace Online Auction July 22-24

View Now

Investment Highlights

  • REO Sale: Motivated seller committed to meeting the market at auction.
  • Value-Add: 100% Vacant, not subject to TOPA, giving ownership ability to add value day one.
  • Above Average Unit Sizes: Units +700 square-feet allow flexibility and upside.
  • Qualified Opportunity Zone: Located in a designated opportunity zone and in neighborhood experience tremendous growth.

Property Description

RealINSIGHT Marketplace and Greysteel are pleased to present 1629 28th St. SE. This 6-unit apartment building is nestled in the lively Hillcrest neighborhood of Washington D.C. Due to a fire this outstanding investment prospect is 100% vacant, making the project not subject to Tenant Option to Purchase Act (TOPA). The property provides an immediate opportunity for ownership to invest capital, renovate, and capitalize on the absorption rates observed for similar assets in this sought-after neighborhood.  

Thomas M. Weschler, Auctioneer

License: 65990748

Key Property Information

Listing Status: Available
Listing Type: Auction
Property Types: Apartment Buildings
No. of Units: 6
Year Built: 1940
Year Renovated: 2023
Building Size: 4,600 Sq ft
Lot Size: 0.15 Acres
No. of Stories: 2
Opportunity Zone: Yes
Property Website Click Here
Address: 1629 28th St SE, Washington, DC 20020, USA

Additional contacts

Full name Phone number Email address
Kyle Tangney (202) 280-2730 [email protected]

Similar Properties in the Area

81-302 Duplex Lane

Ararat , Virginia
Washington DC + Apartment Buildings
Price: $1,650,000

120 Maple

Martinsville , Virginia
Washington DC + Apartment Buildings
Price: $179,000

1706 Spruce Street Ext

Martinsville , Virginia
Washington DC + Apartment Buildings
Price: $199,000

Brokers

View All
popup background image