945 Longfellow St Washington, DC 20011

This 13-unit apartment building, located at 945 Longfellow Street NW in Washington, DC's Brightwood Park neighborhood (zip code 20011), presents a unique investment opportunity. The property, totaling 10,054 square feet on a 6,011 square foot lot, is currently undergoing a Chapter 11 bankruptcy sale, exempting it from the Tenant Opportunity to Purchase Act (TOPA). Built in 1925, this Class C multifamily property boasts a mix of one, two, and three-bedroom units, offering strong rental revenue potential. Recent renovations minimize immediate capital expenditure needs, allowing investors to focus on stabilizing operations and maximizing cash flow. The property's location benefits from significant ongoing development in the area, including the Parks at Walter Reed's $1 billion redevelopment project, which features new retail, residential, and office space, including a Whole Foods Market. Additional nearby amenities include a Safeway, CVS Pharmacy, and Walmart Supercenter. The property is also conveniently situated one block from the Kennedy Street commercial corridor, a hub for mixed-use development. The permitted zoning is RF-1. This distressed sale offers investors a chance to acquire a well-located asset with significant upside potential in a rapidly growing neighborhood, with approximately 1,400 units currently under construction and an additional 8,300 units in the development pipeline within the immediate area. The APN is 2991-0000-0033.