4236 Benning Rd Ne, WASHINGTON

$600,000

0 Bed
0 Bath
6,930 Sqft
.13 Acre
0 Parking

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.

Essential Information
MLS® #DCDC2112720
Price$600,000
Bathrooms0.00
Square Footage6,930
Acres0.13
Year Built1941
TypeCommercial Sale
Sub-TypeFive Or More Units
StatusPending
Community Information
Address4236 Benning Rd Ne
SubdivisionBENNING HEIGHTS
CityWASHINGTON
CountyWASHINGTON-DC
StateDC
Zip Code20019
Interior
HeatingForced Air
CoolingCentral A/C
Exterior
ExteriorBrick and Siding
District

DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Additional Information
ZoningRA-1
Condo Fees$0
HOA Fees$0
Listing Details
OfficeAlex Cooper Auctioneers, Inc.
Property History
Status Changed from Active to Pending
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Listing information last updated on May 23rd, 2024 at 3:33pm EDT.