The Riane 1001 Rhode Island Ave NE 18 Unit Apartment Building $9,915,318 CAD ($550,851 CAD/Unit) Washington, DC 20018

Incredible opportunity for investor to take ownership of a newly built 18-unit condominium building on Rhode Island Ave in Northeast DC. This sleek, modern building in Brentwood offers secure entry and elevator service to four floors of residential units, plus a rooftop party suite with a full kitchen, bathroom, and exterior rooftop terrace access. The units themselves are light, bright, and spacious, featuring high ceilings, upgraded lighting and plumbing fixtures, open floor plans, plenty of windows in every room, and LVP flooring throughout. The kitchens sparkle with upgraded countertops and stainless-steel appliances. The 18 units include a mix of three 1 BR 1 BA, three 2 BR 1 BA, eleven 2 BR 2 BA, and one 2 BR, 2.5 BA units. The sizes vary from 600 SF up to 1,410 SF, with most being 800-900 SF.
Located near the Rhode Island Ave/Brentwood Metro station, with shopping, dining, and entertainment options in every direction, with anchor stores like Giant and Home Depot nearby. The rear parking lot offers residents the convenience of private parking. NOTE: This is a short sale, and the sale is subject to bankruptcy court approval. The entire building is being offering for sale, not the individual condos. The total building is estimated to be 18,000 SF but is not reflected on tax records yet, which show previous building size. The new owner will then have the opportunity to sell the individual units at market prices or convert the use to a multifamily property.