4318 Halley Ter Washington, DC 20032

Property Details for 4318 Halley Ter

Year built

1943

Property size

3,175 SF

Property type

Commercial real estate

APN

6214-0020

Description

This exceptional investment opportunity presents a six-unit apartment building located in the vibrant Congress Heights neighborhood of Washington, D.C. The property, built in 1943 and extensively renovated in 2018, boasts a total of 3,175 square feet of net rentable space, spread across two stories within a single building. Each of the six units contributes to a consistent cash flow stream. Situated on a 3,424 square foot lot, the property is zoned RA-1. This is a value-add investment opportunity, part of a larger portfolio sale resulting from a bankruptcy proceeding. The sale is exempt from the Tenant Opportunity to Purchase Act (TOPA). While complete financial documentation is currently being compiled, the property is professionally managed. A due diligence period is permitted within the offer, though all contingencies must be removed before the court hearing. The property is sold "as is, where is." This presents a unique chance to acquire a well-located multifamily asset in a growing Washington, D.C. neighborhood with convenient access to public transportation and nearby amenities. Prospective buyers are encouraged to verify all provided information. The property is part of a portfolio sale, allowing for the purchase of individual properties or the entire portfolio.