Private Seller1111 16th St NE
Washington, DC 20002, District of Columbia County
12
Beds
7
Baths
4,822
Sq. Feet
Opening Bid
$650,000
Private Seller
For Sale
Opening Bid
$650,000
1111 16th St NEWashington, DC 20002, District of Columbia County
12
Beds
7
Baths
4,822
Sq. Feet
374 Views
Important Information
Property Details
Beds
12
Baths
7
Square Footage
4,822
Lot Size (Acres)
0.06
Property Type
Multi Unit Building
Year Built
1952
APN
4077//0060
Special Notes
This well-maintained 4-unit property offers an exceptional investment opportunity. Located in a thriving area near public transit, dining, and shopping, it generates over $150K in gross annual rent with an 8% cap rate. Undergoes annual inspections ensuring upkeep and compliance. Perfect for investors or house-hackers—live in one unit, rent the others. For interior access please allow 3 days to schedule.
Due Diligence
Educate yourself before you bid.
Learn how to perform due diligence.
Learn how to perform due diligence.
Review Property Information
Check out third party reports on property condition, market value and neighborhood info.
Examine Title and Liens
Preliminary reports are provided for reference. Seek a professional for a full evaluation.
Review Purchase Agreement
Details of the Seller's terms and conditions, and your rights as the buyer.
Prepare Your Finances
Paying cash? Here’s what you’ll need:
- Show a recent bank statement or similar document.
- Just needs to confirm you have the purchase amount available.
- This lets us submit your offer right away.
- Quick and straightforward process.
Top FAQs
Will I be able to see the interior of the house, or inspect the property before I bid?
Please check on this page for any mentioning of Open Houses, Private Tours available, or Inspection Contingency accepted. If none of these are available, you shall assume that you will not be able to see the interior of the house, and you are not entitled to an inspection prior to bidding.
Can I use financing to buy this property?
Typically, no. Be sure to check the property listing to see if financing is considered. Most properties on Auction.com are sold cash-only. That means you must pay the entire purchase amount by the closing date.
Does Auction.com have any more information on this property?
You may contact the listing agent directly. Their contact information is typically displayed on the property's listing page.
Will the property be free and clear of all liens?
Private Seller properties are typically offered with clear title. However, it's the buyer's responsibility to do their own due diligence like a title search and talk to a professional to check for any debts or issues before bidding.
What happens if I am the winning bidder?
If you are the highest bidder at the end of an auction, here are your post-auction obligations:
- Contract Information: You'll receive an email confirming you have the highest bid. You will then need to provide important contracting information by filling out a form online. You can preview the required information on this form as a printable checklist. Make sure to submit the form within 1 business day.
- Purchase Agreement: Once everything is verified, the Purchase Agreement will be generated and you will need to sign and return the document for the seller to review and sign.
- Proof of Funds: You need to provide Auction.com a copy of your Proof of Funds by email within 2 business days.
- Earnest Money Deposit: Unless otherwise specified on your purchase agreement, you will need to send the Earnest Money Deposit to the closing company within 2 business days of receiving the transfer instructions. Send Auction.com a copy of your confirmation receipt within 1 business day of sending funds.
Transaction Details
- By submitting a bid or offer, Buyer agrees to sign the Purchase Documents in compliance with the Participation Terms. The Seller is not bound to any agreement with Buyer until the Purchase Documents have been signed by both parties.
Auctioneer Licensing Information
Auction.com, Inc. – License No. REO98377916 (RE Broker),
Lee Leslie – License No. BR98374812 (RE Broker)
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DISCLAIMER: The content provided herein, including property photos and characteristics, has been gathered from various third parties and has not been verified. No representation or warranty is made by Auction.com regarding the accuracy or completeness of any content regarding the property. Property photos are not intended as a substitution for a bidder's own due diligence. Photos may not depict the condition of the property as it exists on the date of sale or closing. All bidders are responsible for conducting their own due diligence before bidding and are encouraged to seek independent professional advice if necessary.