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2425 Alabama Avenue SE, Washington, DC 20020
$4,750,000
2425 Alabama Avenue SE, Washington, DC 20020View this property at 2425 Alabama Avenue SE, Washington, DC 20020
2425 Alabama Avenue SEWashingtonDC20020
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Property Description
Owner Has No Information To Provide in Reference To Annual Expenses. Property Consist Of 4 Buildings With A Total Of 51 Units. There Are 27 - 2 Bedrooms Units and 24 - 1 Bedroom Units. Buildings Are Being Sold As Is and Will Require Complete Gut and Renovations. Units Are Individually Metered For Gas and Electric. Property Being Sold With Current Tenants - 28 Legal Leased Tenants, 10 Squatters and 13 Vacant Units. This Property Is Non Performing W/ No Revenue Being Collected/ Only 2 Tenants Paying Accordingly. Rents Are Far Below Current Market Rent For The Area. Call Agent For More Information and To Set Up A Showing
Full Property Details
Full Property Details for 2425 Alabama Ave SE
General
- Sold For: $4,750,000
- Taxes: $29,917 (2022)
- Status: Closed
- Type: Apartment
- MLS ID: DCDC2062014
- Added to Site: 639 day(s) ago
Business
- Business Type: Apartment Building
Rooms
Bathrooms
- Restrooms: 51
Parking
- Parking Type: None
Location
- County: Washington
- Driving Directions: South Capitol to Suitland Pkwy to Alabama Ave SE to 2425
- City Limits: Yes
Heating & Cooling
- Cooling Type: None
- Heating Type: Central
- Heating Fuel: Natural Gas
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Brick
- Stories/Levels: 0
- Year Built: 1951
- Year Built Source: Assessor
- Property Condition: Below Average, Major Rehab Needed
Unit Information
- # Tenants: Multiple
Lot Features
- Lot Size (Acres): 1.1
- Lot Size (Sq. Ft.): 48,033
- Lot Size Source: Assessor
- Zoning: C
Financial Considerations
- Price Per Sq. Ft.: $506.37
- Assessment Year: 2022
- City/TownTax: $29,917
- City/TownTax Freq: Annually
- Tax w/Assessment: $3,578,520
- Tax Amount: $29,917
- Tax Year: 2022
- Owner Pays: Water, Taxes - Real Estate, Trash Collection, Snow Removal, Pest Control, Lawn/Shrub Care, Common Area Maintenance
- Landlord Pays: Water, Taxes - Real Estate, Trash Collection, Snow Removal, Pest Control, Lawn/Shrub Care, Common Area Maintenance
Disclosures and Reports
- Buyer’s Brokerage Compensation: 1.5%
- Ownership: Fee Simple
- Lot Number: 804
Listed by Stonegate Realty Group, LLC, Lisa S Wright
Sold by Washington Area Properties, LLC, Lisa S Wright
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Schools
Schools serving 2425 Alabama Ave SE
School District:District Of Columbia Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
2435 Alabama Ave Se, Washington, DC 20020 | PK-5 | 0 mi | |
1400 Bruce Pl Se, Washington, DC 20020 | 6-8 | 0.7 mi | |
3401 4th St Se, Washington, DC 20032 | 9-12 | 1.9 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2425 Alabama Ave SE
Date
Details
Price
Change
Source
12/15/2023
Sold
$4,750,000
-9.52%
MLS
8/17/2022
Listed
$5,250,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
2425 Alabama Avenue SE, Washington, DC 20020 (MLS# DCDC2062014) is a Apartment property that was sold at $4,750,000 on December 15, 2023. Want to learn more about 2425 Alabama Avenue SE? Do you have questions about finding other Apartment real estate for sale in Washington? You can browse all Washington real estate or contact a Coldwell Banker agent to request more information.