Bankruptcy | DC Apartment Building

Real Estate Auction in 5808 14th St NW, Washington District of Columbia, United States

03 Thursday
October 03rd, 2019 2:00 PM

Bankruptcy | DC Apartment Building

Real Estate Auction in 5808 14th St NW, Washington District of Columbia, United States

Thursday at - 03rd October , 2019

Notes

Buyers premium: 10% Buyers Premium based on the high bid.
Closing: 30-Day closing from Bankruptcy Court approval, sold in As-Is condition, no contingencies.
Deposit Amount: 10% deposit with a minimum deposit of $20,000 in guaranteed funds.
Broker Coop: 2% of the high bid will be paid to a properly registered broker at settlement.

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Auction Items For Sale

Bankruptcy Sale - 3-story residential multi-family building in the 16th Street Heights neighborhood. The 3,744 square foot building was formerly used as a group home with 9 bedrooms, 5 full baths, 1 half bath and 3 kitchens. The property is zoned RA-1 for residential apartments and it is perfect for redevelopment into rental apartments or condominiums. Sale is subject to US Bankruptcy Court approval.

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