129 Yuma St SE, Washington, DC for sale

Investment Overview

129 Yuma Street SE is a 12-unit multifamily asset offering investors a value-add or redevelopment opportunity, with significant recent capital improvements and a favorable vacancy profile that allows for immediate repositioning. The masonry building totals 8,664 SF on 0.23 acres, and is located in the evolving neighborhood of Congress Heights, a historic area in SE DC that is experiencing revitalization and growth. Currently, the building is mostly vacant, with only three tenants remaining. Some tenants are voluntarily vacating, while some are in eviction proceedings, creating a near-term pathway to full building control. The unit mix consists of seven 2-bedroom units and five 1-bedroom units. Overall, the building has been well maintained by current ownership and has undergone a number of improvements over the past few years. Recent improvements include a new roof with solar panels installed six years ago, 12 HVAC units replaced six years ago, all water heaters replaced within the past two years, new plumbing throughout, and new electrical panels and wiring in each unit.

Investment Highlights

• Multifamily building totaling 8,664± SF on 0.23± acres
• 12 units total – seven 2-bedroom and five 1-bedroom units
• Zoned RA-1 (Residential Apartment Zone), provided potential for long-term redevelopment
• Ability to deliver building largely vacant