22 Danbury SE St Washington, DC 20032-5835

Property Details for 22 Danbury SE St

Year built

1943

Construction

BRICK

Lot size

0.11 lot acres

Property size

3,156 SF

Zone code

RA-1

Property type

Residential income homes

Property subtype

Small apartment buildings

APN

6203 0033

APU

62030033

Description

This exceptional investment opportunity presents an 8-unit apartment building situated on a sizable 8,055 square foot lot in the Congress Heights neighborhood of Washington, DC. The property, built in 1943, comprises a two-story building totaling 7,620 square feet and is currently operating at 25% occupancy. Classified as a Class C multifamily property, it offers a significant value-add potential. The permitted zoning is RA-1. The asking price is $1,380,000, translating to $172,500 per unit. This property presents a unique opportunity for expansion, with the potential to add four additional one-bedroom/one-bathroom units or four two-bedroom/one-bathroom units in the existing cellar space. The property's location between Joint Base Anacostia-Bolling and Andrews Air Force Base, along with Amazon's new HQ2, makes it ideally situated to attract young professionals. The property is also conveniently located within the vibrant Congress Heights community, offering residents easy access to city amenities while maintaining a residential feel. The property can also be divided and sold as two separate four-unit buildings as they are two legal parcels. This presents a compelling investment opportunity in a rapidly developing area with increasing rental rates. The property is not subject to a ground lease. The APN is 6203- -0032-33.

Location Insight

City

Washington

County

District Of Columbia

State

DC

Longitude

-77.0066

Latitude

38.8281

CBSA code

47900

CBSA name

WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments