4236 BENNING RD NE Pending Save Request In-Person Tour Request Virtual Tour
Washington,DC 20019
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Pending
Purchase Type For Sale
Square Footage 6,930 sqft
Price per Sqft $86
Subdivision Benning Heights
MLS Listing ID DCDC2112720
Year Built 1941
Annual Tax Amount $6,008
Tax Year 2022
Lot Size 5,500 Sqft
Property Description
Online auction to be conducted on Auctioneers website! Online Only Auction: Bidding Begins Saturday, October 14th and ends Thursday, October 19, 2023 at 1:30 PM. Excellent opportunity to purchase a partially-leased, 10 unit apartment building. The property is well-located in the heart of the "Benning Heights" neighborhood of NE, Washington. According to the DC Office of Tax and Revenue, the property is 5,500 +/- sq. ft. of land area. It is zoned RA-1 and is served by public water, sewer, gas and electric. The property is improved by a three-story multi family building. The building's unit mix consists of 8 1 Bedroom/1Bath units and 1 studio. Based on the Rent Roll as of September, 2023, eight of the building's 10 units are occupied. All units are separately metered for gas and electric. Tenants pay their own gas and electric expense. Unit 102: Currently rented for $955.33/month Unit 103: Currently rented for 1,159.75/month Unit 104: Currently rented for $1,184.44/month Unit 201: Currently rented for $1,114.04/month Unit 202: Currently rented for $1,157.68/month Unit 203: Currently rented for $1,047.73/month Unit 301: Currently rented for $922.01/month Unit 302: Currently rented for $1,050/month Unit 303: Vacant ? Gross Scheduled Monthly Rent = $8,590.98/month (Based on the Rent Roll as of September, 2023 which has 1 vacancy) ? Gross Scheduled Annual Rent = $103,091.76/year (Based on the Rent Roll as of September, 2023, which has 1 vacancy) **Gross Potential Annual Rent Of $136,320** **Gross Potential Monthly Rent of $11,360** Please note that the estimated monthly rents for the vacant units used for the Gross Potential Monthly and Gross Potential Annual Rent calculations above were based on the DCHA's (DC Housing Authority) newly established process for determining rent reasonableness through the "Market Rent Estimator" found on "AffordableHousing" website.
Location
State DC
County Washington
Zoning RA-1
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Exterior
Waterfront N
Water Access N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Special Listing Condition Auction