5111 AYERS PLACE SE

14-unit multifamily property located in Southeast Washington, DC, within the Marshall Heights neighborhood. The property consists of a four-story brick apartment building, originally constructed in 1947, situated on an approximately 0.184-acre site comprising two tax parcels. The asset represents a vintage, walk-up multifamily building typical of the surrounding housing stock. The property contains 13 one-bedroom units and one studio, with an average unit size of approximately 643 square feet and an estimated 10,800 square feet of gross building area. Zoning is R-2, consistent with existing multifamily use. Exterior construction is brick with a flat roof. An appraisal dated May 17, 2024 (report date May 24, 2024) was provided to the broker by the owner for informational purposes only. The appraisal concluded an as-is market value based on conditions and assumptions as of its effective date. Buyers are advised that market conditions, physical condition, tenancy, income, and operating characteristics may have changed since the appraisal date, and the appraisal should not be relied upon as a current valuation or representation of present income, occupancy, or condition. As of January 2026, the property is partially occupied, with approximately eight (8) tenants in place. The rent roll reflects material arrearages, and two (2) units are currently subject to active eviction proceedings. No representations are made regarding collectability of rent, tenant status, or outcomes of any legal actions. The property will be conveyed subject to existing tenancies, arrears, and any ongoing or future enforcement or legal processes. The asset is offered strictly as-is, where-is, with all faults, and the seller makes no representations or warranties regarding physical condition, income, expenses, zoning compliance, tenancy, habitability, code status, or future performance. All prospective purchasers must conduct their own independent due diligence, including but not limited to physical inspections, lease review, financial verification, zoning analysis, and legal review. The offering is best suited for a local or regional investor with experience in tenant-occupied, value-add multifamily assets, capable of addressing deferred maintenance, rent collections, and tenancy issues over time.

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Provided By
Listed by Jason Ekus (#3099304)
Listing Office: Pavilion Real Estates L.L.C. (#PAVR1)