3105 11th St. NW Washington D.C., 20010
Rental Income
4
2.5
+/- 2,782 SF
Multi-Unit
Zoning:
R
Current Bid:
$900,000.00
Pre-auction authorization:
$10,000
Highest Bidder:
N****8
Initial Deposit:
$50,000
Auction Begins 05/30 10:00 AM Auction Ends 06/01 11:00 AM
Set Up as 2 Units | Rental Income | Prime Washington DC Location!
ATTENTION INVESTORS~
HIGHLY SOUGHT AFTER DC LOCATION!
3 Story Townhouse Set up as 2 Income-Producing Units.
Experience the Best of DC in the Columbia Heights Neighborhood.
Blocks to the nearest Metro Station, Minutes to Many Attractions~In Addition to the many shops, restaurants, museums, businesses, and Countless Destinations located Throughout The Nation’s Capital!
Convenient Access to Major Traffic Arteries, MLK Jr. Hwy, & I-295.
Property is Rented. See Below for More information.
TOTAL Scheduled Monthly Rent: $4,500/mo
TOTAL Scheduled Annual Rent: $54,600/yr
Property is Believed to be Set up As:
Unit I
Main Level:
-Living Room
-Kitchen
-Dining Room
-½ Bath
-Access to Rear Deck #1
Upper Level 1:
-2 bedrooms
-Full Bathroom
-Spacious Laundry Area
-Access to Rear Deck #2
Upper Level 2:
-Bedroom
Rental Information:
-Scheduled Monthly Rent $3,150/mo
-Scheduled Annual Rent: $37,800/yr
-Lease Start Date: May 1st, 2021
-Lease End Date: April 30th, 2022
-Lease Term: 1 Year
-Lease Status: Tenant is Current on Rent.
(Lease Available in Documents Tab)
Unit II
Lower Level:
-Kitchen
-Dining Area
-Living Room
-1bd/1ba
-Separate Entrance
Rental Information:
-Scheduled Monthly Rent $1,400/mo
-Scheduled Annual Rent: $16,800/yr
-Lease Start Date: September 1st, 2021
-Lease End Date: September 1st, 2022
-Lease Term: 1 Year
-Lease Status: Tenant is Current on Rent.
(Lease Available in Documents Tab)
Occupancy: Property is Rented.
Year Built: 1907
Lot Size: +/- 1,071 SF
Real Estate Taxes (2021-2022): $6,473.00 (Tax ID # 2846//0041)
Title: Fee Simple. Sold free and clear of all liens.
Inspection Time: Access is Currently Unavailable. Check Back for Updates.
Deposit: Deposit must increase to 10% of total purchase price within 72 hours.
Disclaimer: * Property is Set up as 2 Units. Purchaser Responsible for Independently Verifying All Zoning Usages, Licenses, Permits, Etc. Warranty: Warranties stay with the system rather than the purchaser; we extend our workmanship warranties to new homeowners when applicable. All we need to do is update our records internally once we receive the new homeowner’s information. And all manufacturer warranties are also tied to the property and not the homeowner and are registered automatically at the time of commissioning the system, no further action is required. Solar Monitoring: 1. Most systems have an Enphase Energy Monitoring system. It is imperative that the sellers leave the monitoring system on site. If the system was installed prior to 2018, there will be a white oval device plugged into a wall outlet somewhere inside the property. All systems installed 2018 and after, the monitoring device will be installed in a gray box on the exterior of the home. a. A replacement unit can range $650-1,000 at the expense of the homeowner. 2. Transferring access of the Enphase Energy online monitoring system to a new homeowner costs $199. This fee is from the manufacturer and not associated with our company and must be paid on their website here https://support.enphase.com/s/article/How-do-I-transfer-ownership-of-an-Enphase-system. 3. The monitoring system is required to any manufacturer warranty claims and verification, system troubleshooting, and generating production reports. Therefore, its imperative access to the monitoring site is established by the new homeowner, and it is connected online via a Wi-Fi connection. Cellular modems can be purchased for an extra cost of $404 from Enphase here. Power Purchase Agreements (PPA’s): 1. Many of our installed systems are Power Purchase Agreements (PPAs). This means that we own the system and monthly payments are made by the homeowner for the power the solar system generates for the homeowner, at a locked-in rate outlined in the PPA agreement. This must be disclosed in property disclosures at the time of sale. 2. If the project is a Power Purchase Agreement, written confirmation after the sale of the home must be sent to efiguroa@solarsolutiondc.com to cancel future monthly payments for the current homeowner. 3. The system must remain in place throughout the home sale process, and information of the new homeowners provided by agent to be contacted post-closing by Solar Solution to complete transfer. SREC’s: 1. There are varying SREC options available to our clients. We are happy to provide details of the contracts to interested purchasers. 2. Some systems have contracts that have assigned the SRECs (Solar Renewable Energy Credits) to Solar solution or a 3rd party. If such an agreement is in place, this must be disclosed in property disclosures at the time of sale. FAQ’s Q: How does Solar work: A: Solar can seem complicated – but we make it easy. Our systems produce electricity right on the roof of the property and the power is delivered to the homes breaker panel to distribute that power throughout the home. Any power produced from the panels that is not used in your home will exit your meter, rolling your meter backwards, to go back onto the grid. That is called net-metering. Pepco will provide you a credit for that power being sent onto the grid, which you can use at night, or if there is any excess power left at the end of the month, will be applied to your account as a credit. Since the property is already registered with Pepco as a Power Generating Facility, nothing needs to be done by the homeowner for this to be activated after the sale, if the system is turned on. Q: How do I know the system is working? A: Simple, through the Enphase Monitoring system on site which should be connected online. There needs to be an active Wi-Fi connection to the monitoring system. If your Wi-Fi network or password changes, the monitoring system needs to be updated to reconnect the device online. Until that is done, your system cannot report production, we cannot submit any warranty claims, and any system troubleshooting would require on-site visits by our tech’s which comes at a fee. Q: If my monitoring system is down, does that mean my system is not producing electricity? A:Most instances if we site go down on the online portal, it indicates loss of internet connection to report that data online. It is imperative that the system has a consistent internet connection to see if any issues do arise, which the system would alert you via email. We can then take action with the manufacturer to submit a warranty claim. If any issues do arise, you may open a service ticket with us on our website at www.solarsolutiondc.com/service-request Q: What maintenance is required for a solar system? A: Solar panels are installed on a fixed rack with no moving parts. They require very little to no maintenance to function. Some dirt and grime from pollen, dust, or leaves may accumulate at times which rain typically takes care of. However, we do offer cleaning services. You may open a service request ticket on our website to receive a quote for that. Keeping a constant Wi-Fi connection to the monitoring system is the best way to ensure that each panel is functioning properly, as we are able to analyze how each panel is performing on your roof over the lifetime of the system and identify issues remotely if under production is suspected.
Auction ID: A000003657
There are no bids for the lot at this time
Bidder Registration Process
All bidders will be required to validate their account and post a Good Faith Authorization Charge prior to being able to place a bid.
The Good Faith Authorization Charge amount can be found listed under "Pre-Auction Authorization:" in each auction.
The Good Faith Authorization Charge will open once the auction begins.
What is a Good Faith Authorization Charge?
A Good Faith Authorization Charge will not go towards the purchase of the property, and it is not a deposit. It is a hold that allows us to validate your account and confirm that you are a serious bidder.
Once the authorization is approved, this charge will appear as a hold on your credit card. If you are using a debit card, the Good Faith Authorization Charge will appear as a pending transaction. Acceptable Payment Methods: Visa, Mastercard, Discover, and American Express.
Click here to add a credit card to your account if you do not already have a valid credit card on file.
Confirm Your Good Faith Authorization Charge
Once bidding is open, you will be required to confirm that you want to participate in the auction by clicking "Bid Now." If you have not added a credit card to your account yet, you will be prompted to do so at this time. Once your Good Faith Authorization Charge is posted, you will be able to participate in the auction.
Pre-Auction Offers can be submitted via:
• Form: Contact Us
• Phone: 410-488-3124
• Email: Sales@AshlandAuction.com
Pre-Auction Offers can only be submitted before the start of the online auction.
• 10% Buyer's Premium will be added to the high bid.
• Title: Property will be sold with free and clear title.
• Settlement: 30 days from date of contract ratification.
• Winning Bidder is required to tender deposit within 24 hours via certified funds in the form of cash, cashier’s check, or bank wire.
• Winning Bidder is required to sign and return a contract of sale within 24 hours.
• If either the deposit or contract is not received the bid will be voided and Ashland Auction Group reserves the right to terminate the bidder’s account.
• Bidders are bound by AshlandAuction.com’s Terms of Use
• Ashland Auction Group will not be responsible for any errors in bidding, website failure, or internet disruption.
• Each bid made on a property in the last two minutes of an auction will add more time to the auction. This will continue indefinitely until the time expires without new bids being placed. A soft close ensures fairness and allows the highest bidder to win.
The property will be sold in "AS IS" condition, without express or implied warranty as to the nature and description of the improvements as contained herein; and subject to easements, agreements, restrictions, or covenants of record affecting same. The purchaser agrees to waive the right of inspection for lead paint, as provided under current Federal and State law. Property is sold subject to any Local, State or Federal Government Housing Code Violation Notices or Vacant House Notices issued by Local, State or Federal Government. In addition, the purchaser shall independently verify if a use and occupancy permit exists on the subject property by Local, State or Federal Government. It is the purchaser’s responsibility to obtain any use and occupancy permit, if needed. The purchaser waives and releases the Trustee, the Auctioneers, and their respective agents, successors and assigns from any and all claims the purchaser and/or its successors and assigns may now have or may have in the future relating to the condition of the property, including but not limited to, the environmental condition thereof. If the Trustee/ Seller is unable to convey good and marketable title, the purchaser's sole remedy in law or equity shall be limited to the refund of the deposit. Upon refund of the deposit, this sale shall be null and void and of no effect, and the purchaser shall have no further claim against the Trustee/ Seller or Auctioneers. All expenses, including real estate taxes, sanitary and/or metropolitan district charges, special assessment and private utility charges are to be adjusted to date of contract settlement and assumed thereafter by the purchaser. In the event that the property is occupied, the Purchaser is purchasing the property subject to the existing occupants of record. Purchaser is responsible for obtaining possession of the property. Purchaser assumes risk of loss from the date of contract ratification forward. Seller agrees to give rights of possession at time of contract settlement.
Recordation costs, transfer taxes and all other costs incident to settlement, to be paid by the purchaser. If payment of the additional deposit, if any, or the balance of the purchase price is not made within the specified periods, the deposit will be forfeited and the property may be resold at the risk and expense of the defaulting purchaser. Time shall be of the essence.
NOTE: The information contained herein has been obtained from sources deemed reliable and is believed to be accurate. However, no express or implied warranty is made or may be inferred from any such representation. Property dimensions, square footage, number of bedrooms, number of bathrooms, number of levels in property and acreage are more or less and should be independently verified by the bidder. Photos placed on website are for information purposes only and shall be independently verified by buyer.
If the property is Tenant occupied, it is being sold subject to the existing Tenant or Occupant in the property. The Bidder shall independently verify all lease documents. Ashland Auction Group, LLC does not guarantee if the tenant is current on rental payments. Ashland Auction Group, LLC does not guarantee the occupancy status of a tenant, nor is Ashland Auction Group, LLC responsible for a tenant breach of lease agreement or vacating property during the advertised auction period, closing, or post-closing, if any. Property is sold subject to any valid or invalid MDE Lead Certification from the Department of the Environment. Ashland Auction Group does not warrant the accuracy of any Lead Certifications, if any. It is Buyer’s responsibility to verify with all Local, State and Federal Governments if any other licensing requirements are required.
All properties are being sold subject to any ground rent of record. In the event there is an error in the advertised ground rent or the contract states “Fee Simple”, the Buyer shall take title with the existing ground rent of record and there shall not be a monetary penalty to the seller. Prospective purchasers are encouraged to perform their own due diligence and inspections in advance of the auction.
Ashland Auction Group, LLC is acting as agent for the Seller in this transaction and or Auction. Ashland Auction Group, LLC is not acting as agent for the any bidder or any successful bidder regarding pre-auction offers, offers online, onsite auction or post auction offers.
Any person or real estate agent submitting bids on behalf of a buyer, corporation, or other entity agrees to be personally liable for the payment of the purchase price and any related charges and the performance of all Buyer obligations under the Terms of Sale.
Registered Brokers or Agents who represent bidders for pre-auction, on-site auctions, online auctions, or post-auction listings are acting as an agent for the buyer and not a sub-agent for Ashland Auction Group, LLC.
2.0% Broker Co-Op. Agents must register 48 hours in advance of the start of the auction. Additional terms and conditions are listed at: www.ashlandauction.com/broker
Good Faith Authorization Charge Required: All bidders will be required to post a Good Faith Credit Card Authorization Charge to establish themselves as a bona fide bidder. Failure to return an executed Contract of Sale, required addenda, and the stated deposit, as specified in the advertised listing, is a breach of the auction’s Terms of Sale. Bidders hereby authorize Ashland Auction Group, LLC to charge the credit card used to register for the auction to satisfy part or all of the liquidated damages owed to Ashland Auction Group, LLC.
BY PLACING A BID, BIDDERS ACKNOWLEDGE AND AGREE THAT A FAILURE TO EXECUTE A CONTRACT OF SALE WITH A DEPOSIT MAY RESULT IN SUBSTANTIAL ECONOMIC DAMAGES AND LOSSES OF TYPES AND IN AMOUNTS WHICH ARE IMPOSSIBLE, IMPRACTICAL, OR OTHERWISE EXTREMELY DIFFICULT TO ESTIMATE THEREOF.
ACCORDINGLY, IN LIEU OF ACTUAL DAMAGES OF SUCH DELAY, BIDDERS HEREBY AUTHORIZE ASHLAND AUCTION GROUP, LLC TO CHARGE THEIR CREDIT CARD TO SATISFY PART OR ALL OF THE LIQUIDATED DAMAGES, DUE TO ASHLAND AUCTION GROUP, LLC.
IN ADDITION TO THE LIQUIDATED DAMAGES WHICH IS NOT A PENALTY SET-FORTH ABOVE, BIDDERS ACKNOWLEDGE AND AGREE THAT THEIR NON-PERFORMANCE AND EXECUTION OF A CONTRACT OF SALE MAY RESULT IN ADDITIONAL DAMAGES TO THE SELLER AND ASHLAND AUCTION GROUP, LLC. SELLER AND ASHLAND AUCTION GROUP, LLC RESERVE THE RIGHT TO PURSUE ANY AND ALL LEGAL REMEDIES AVAILABLE AT LAW OR EQUITY, INCLUDING THE RIGHT TO MAINTAIN AN ACTION FOR SPECIFIC PERFORMANCE OR TO HAVE THE PROPERTY SOLD AT THE RISK AND EXPENSE OF THE NON-PERFORMING BIDDER. CONSEQUENTLY, BIDDERS AGREE TO PAY THE SELLER AND ASHLAND AUCTION GROUP, LLC FOR ANY COSTS ACTUALLY INCURRED BY THE NON-PERFORMING BIDDER RELATED TO THE HOLDING, MARKETING, OR RESALE OF THE PROPERTY.
Notice: Bids are legally binding. Bids placed on AshlandAuction.com are bound by AshlandAuction.com’s Terms and Conditions (see AshlandAuction.com’s Terms).
NW, Washington DC 20010
United States