Address
4329 Halley Terrace SE Washington, DC
Price
$ 675,000
Property Attributes
  • MLS#DCDC510086
  • TypePending
  • CountyWASHINGTON
  • CityWashington
  • Zip20032
  • StyleBi-level
  • Year Built1942
  • Taxes$ 2674
  • Price$ 675,000
  • Bedrooms6
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size3,920 SqFt
Listing Provided Courtesy Of:
Greysteel Company LLC
Data Source:
Bright MLS - 382 - MD
Property Description

Rare vacant 4-unit building in a burgeoning market. Vacant Asset - The asset will be delivered vacant, allowing new ownership the ability to implement their value-add strategy day one. TOPA-Free Asset - Because of its vacancy, the transaction is exempt from D.C.’s Tenant Opportunity to Purchase Act (TOPA), reducing the escrow period substantially and eliminating external expenses common during tenant negotiations. Approved Plans - Current ownership has completed preliminary site work and has conceptual site plan approval to add bedrooms in all units. Increasing the bedroom density, will give future ownership the ability to double their NOI upon stabilization. Unused/Underutilized Square Footage - This building features substantial unused gross square footage in the lower level. Already excavated and underpinned, the unused square footage will allow the purchaser to increase their return on investment adding additional units and/or bedrooms to the building. Value-Add - This asset presents an opportunity to add value through some combination of physical upgrades, increase in rents, and/or additional rentable square footage. With the ability to add units in the lower level, as well as add bedrooms onto existing unit’s, ownership has the ability to increase the value of the investment day one. Self-Contained Asset - The building is separately-metered, meaning the tenant is fulling responsible for paying all utilities. Passing both electric and gas costs onto the tenant, will save ownership from future uncontrollable utility expenses.

Price History
3/1/2021 Listed $750,000
3/31/2021 4% - $725,000
5/5/2021 7% - $675,000

General Features

Accessibility 2+ Access Exits
Architectural Style Bi-level
Construction Materials Masonry
Cool Fuel Electric
Cooling None
County WASHINGTON
Days on Market 86
Garage Y/N No
Heating Radiant
High School District DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Legal Subdivision CONGRESS HEIGHTS
New Construction No
One Bedroom Units Count 2
Other Structures Above Grade, Below Grade
Ownership Fee Simple
Possession Immediate
Price Per Sq Ft 264.08
Property SubType Quadruplex
Property Type Multi-Family
Sewer Public Sewer, Public Septic
Structure Type Other
Tax Annual Amount 2674.0
Tax Lot 8
Tax Year 2020
Total Units 4
Two Bedroom 2
Vacation Rental Y/N No
Water Access Y/N No
Zoning RA1

Interior Features

Central Air Y/N No
Heating Fuel Natural Gas
Heating Y/N Yes
Hot Water Natural Gas
Living Area 2556

Exterior Features

Lot Size Acres 0.09
Lot Size Source Assessor
Lot Size Square Feet 3947.00
Navigable Water Y/N No
Parking Lot - # Of Spaces 2
Pool Y/N No Pool
Soil Types Unknown
Total Parking Spaces 2
Type of Parking On Street, Parking Lot
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 20032

Price
AVG $350K
$680K
Taxes
AVG $3,421
$2,674
Visits
AVG 205
111
Year Built
AVG 1953
1942
Walkscore
AVG 49
55
Data Provided by Walkscore ® not using MLS data

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