1300 Blk of Ridge Pl SE Washington, DC 20020

$16,000,000
Off-Market / For Sale
6958 Property ID
24,111 SqFt Size
3 Bedrooms
1 Bathroom

Description

  • 1300 Blk of Ridge Pl SE Washington, DC 20020
    Year Built: 1928 – 24,111Sq Ft
    PLEASE SEND A POF AND NDA and I can send over the Appraisals- These are appraised AS-IS at $16 Million. After Repair $18 Million
    REPLY IF INTERESTED- MUST SIGN NDA for APPRAISAL – OFFERS
    – 24 total unitshttps://drive.google.com/drive/folders/1-3Qo-L1DjA_OJU47YtQgB7dhUlKKGXs-?usp=share_link

    Current C of O in place for 28 units
    Renovated in 2017
    1 @ 1 bedroom unit
    15 @ 2 bedroom units
    8 @ 3 bedroom units
    Currently there are 5 vacancies, but I have new voucher tenants queued to move into 3 of them, and the remaining 2 will be leased when the turn over is completed. All units leased at voucher rates

    300 -300 Blk of Anacostia Rd SE: 28 total units across two buildings (14 units in each building) 313 Anacostia was fully renovated, completed this past February and is all three bedroom units. There are 3 vacancies in 313 currently. 315 has a single remaining tenant we are working to buy out. All units (except his) have been gutted for demolition, turning them into 14 three bedroom units.

    https://drive.google.com/drive/folders/1-0BWu3pff3Cz-hR8LZjtT6yGgMA6ulpO?usp=share_link

    4000-4000 Blk of 1st St SE: – 24 total units across two buildings (12 units in each building) 4020 1st St SE has 3 remaining market tenants, with 9 vacancies. All other units are vacant, and have been gutted. 4020 has an approved plan set and building permit at DCRA, payment just needs to be made for release. All units to be renovated to three bedrooms. 4022 1st St SE has 6 remaining market tenants, with 6 vacancies. This building mirrors 4020, and we would have used the same floor plan/layout for them. All units were to be renovated into three bedrooms. Overall price is $13,000,000 for all properties. 76 total units (80 including the 4 extra units on the C of O for Ridge).

    https://drive.google.com/drive/folders/1–1uOF1RiYp1KpCSIaDPshKy3SBiphYd?usp=share_link

Address

  • Address 1300 Blk of Ridge Pl SE Washington, DC 20020
  • Country United States
  • City/Town
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Overview

Contact

Patriarch Property MGMT LLC.

443 - 741 - 2308
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