4329 Halley Terrace SE Washington, DC 20032

Listing Details

• Property Type: Multi-Family
• Property Sub Type: Quadruplex
• Architectural Style: Bi-Level
• Accessibility Features: 2+ Access Exits
• Ownership: Fee Simple
• New Construction: No
• Year Built: 1942
• Automatically Close On Close Date: No
• Remarks Public: Rare vacant 4-unit building in a burgeoning market. Vacant Asset - The asset will be delivered vacant, allowing new ownership the ability to implement their value-add strategy day one. TOPA-Free Asset - Because of its vacancy, the transaction is exempt from D.C.’s Tenant Opportunity to Purchase Act (TOPA), reducing the escrow period substantially and eliminating external expenses common during tenant negotiations. Approved Plans - Current ownership has completed preliminary site work and has conceptual site plan approval to add bedrooms in all units. Increasing the bedroom density, will give future ownership the ability to double their NOI upon stabilization. Unused/Underutilized Square Footage - This building features substantial unused gross square footage in the lower level. Already excavated and underpinned, the unused square footage will allow the purchaser to increase their return on investment adding additional units and/or bedrooms to the building. Value-Add - This asset presents an opportunity to add value through some combination of physical upgrades, increase in rents, and/or additional rentable square footage. With the ability to add units in the lower level, as well as add bedrooms onto existing unit’s, ownership has the ability to increase the value of the investment day one. Self-Contained Asset - The building is separately-metered, meaning the tenant is fulling responsible for paying all utilities. Passing both electric and gas costs onto the tenant, will save ownership from future uncontrollable utility expenses.
• Special Features: None

Interior Features

• Total Sq Ft: 3264
• Living Area Sq Ft: 2556
• Price Per Sq Ft: 264.08
• Above Grade Finished Sq Ft: 2556
• Below Grade Sq Ft: 708
• Total Below Grade Sq Ft: 708
• Above Grade Finished Area Units: Square Feet
• Street Number Modifier: 4329

Exterior Features

• Other Structures: Above Grade, Below Grade
• Construction Materials: Masonry
• Water Access: No
• Waterfront: No
• Water Oriented: No
• Pool: No Pool
• Tidal Water: No
• Water View: No

Garage/Parking

• Garage: No
• Total Garage And Parking Spaces: 2
• Type Of Parking: On Street, Parking Lot
• Parking Lot Number Of Spaces: 2

Utilities

• Central Air Conditioning: No
• Cooling Fuel: Electric
• Heating Fuel: Natural Gas
• Heating Type: Radiant
• Heating: Yes
• Hot Water: Natural Gas
• Sewer/Septic System: Public Sewer, Public Septic
• Water Source: Public

Condo/Co-op/Association

• HOA: No

Schools

• School District: DISTRICT OF COLUMBIA PUBLIC SCHOOLS
• School District Key: 121140357950
• School District Source: Listing Agent

Green Features

• Clean Green Assessed: No

Lot Info

• Improvement Assessed Value: 200420.00
• Land Assessed Value: 138540.00
• Lot Size Acres: 0.09
• Lot Size Units: Square Feet
• Lot Sq Ft: 3947.00
• Soil Types: Unknown
• Year Assessed: 2020
• Zoning: RA1
• In City Limits: Yes

Rental Info

• Vacation Rental: No

Tax Info

• Assessor Parcel Number: 16107907
• Tax Annual Amount: 2674.00
• Assessor Parcel Number: 6214//0008
• Tax Lot: 8
• Tax Total Finished Sq Ft: 2556
• Tax Year: 2020
• Close Date: 06/28/2021

MLS Schools

• School District Name: DISTRICT OF COLUMBIA PUBLIC SCHOOLS