3505 Ames St Ne, Washington, DC 20019

FULLY VACANT 8 UNIT BUILDING | NO TOPA | OPPORTUNITY ZONE. A rare chance to own a completely empty apartment building in one of Northeast DC’s fastest changing neighborhoods. 3505 Ames Street NE is delivered vacant, so you can start renovating on day one with no tenants to negotiate with and no TOPA process to wait out. Update the units, lease them up, and build long term income and equity. Renovated one bedroom apartments in the immediate area are leasing around $1,355 per month, giving a new owner a clear target for rents once the work is done. The building sits on its own tax parcel, making it simple to own, finance, and eventually sell on its own. The location is a big part of the story. The property is just two minutes from the RFK redevelopment, which will bring a new stadium, 6,000 homes, retail, and parkland to the 174 acre campus. Hill East and Northeast Heights Town Center are also nearby and continuing to bring new housing, retail, and activity to the corridor. Residents...