735 Alabama Ave Se, WASHINGTON, DC 20032

Pending Release FOR SALE – 735 Alabama Avenue SE, Washington, DC 20032 Asking Price: $530,000 Zoning: RA-1 – Expansion Potential Seller prefers Enterprise Settlement Services as all title work and TOPA is complete. A strong multifamily opportunity in the heart of Congress Heights—735 Alabama Avenue SE is a 4-unit apartment building offering a mix of current cash flow, value-add upside, and future development potential. The property features three 1-bedroom units and one 2-bedroom unit. Three of the four units are currently vacant, including the 2-bedroom apartment, giving investors or owner-occupants the flexibility to renovate and lease at market rates. One of the upper-level 1-bedroom units has been recently renovated with updated finishes. The property also includes three off-street parking spaces, a rare and highly desirable amenity in the area. The RA-1 zoning allows for low- to moderate-density apartment development and provides a pathway for expansion of the existing … read more …