Washington is located in District of Columbia. Washington, D.C. has a population of 701,527. 13.1% of the households in Washington, D.C. contain married families with children. The county average for households married with children is 18%.
The median household income in Washington, D.C. is $98,902. The median household income for the surrounding county is $98,902 compared to the national median of $66,222. The median age of people living in Washington D.C. is 38.7 years.
The average high temperature in July is 88.9 degrees, with an average low temperature in January of 24 degrees. The average rainfall is approximately 43.7 inches per year, with inches of snow per year.
List price to be opening bid at online only auction. Online auction to be conducted on Auctioneers website. Bidding begins Saturday, June 15th & ends Thursday, June 20, 2024 at 11:00AM. Estate Auction: Experience an unparalleled investment prospect with this distinguished 4-story multifamily property nestled in downtown DC's vibrant heart. Boasting eight existing units, this meticulously crafted building showcases intricate molding, lofty ceilings, a regal staircase, and expansive bay windows, all within a coveted urban locale. According to Bright MLS the building has a total of 6,532+/- sq. ft. Zoning: Commercial building zoned D-5. (Central Business District). According to the DC Zoning Handbook, the zoning "Permits high density development, with incentives for residential use in predominantly non-residential areas." The property's zoning permits the construction of two additional levels, accommodating four more units, while the basement presents an opportunity for further expansion with the potential for an extra unit. This strategic advantage positions the property for substantial future growth and enhanced rental income potential. Location: The building is nestled in the bustling heart of downtown Washington, DC. It is strategically positioned mere steps from prestigious landmarks such as the IMF, George Washington University Hospital, The World Bank, Lincoln Memorial, and more. This property offers unparalleled accessibility and visibility with close proximity to major transportation hubs, including Farragut West and Foggy Bottom Metro Stations. The potential for high tenant demand is undeniable. The building is in need of renovation. We believe the potential is boundless as you envision transforming this building to suit your needs.
