WASHINGTON, DC 20020

QUICK CLOSE!!! SE DC FAIRFAX VILLAGE CONDO | QUICK FLIP OR BUY and HOLD OPPORTUNITY | 59K BUY (NOT IN MLS)

Sold Sight Unseen-No Access until we have a ratified contract with the buyer

Overview

• Excellent low entry investor opportunity in Fairfax Village featuring a 1 bedroom, 1 bathroom condo with approximately 583 square feet of living space.
• Property is dated but not distressed, offering a straightforward cosmetic renovation with potential for either a quick resale or a long term rental.
• Features include an eat in kitchen, in unit laundry, secure building access and a new AC unit.

Property Features and Condition

• 1 bedroom and 1 full bathroom with 583 square feet of living space.
• Eat in kitchen and in unit laundry.
• New AC unit.
• Secure building with established residential surroundings.
• Dated interior but not distressed, potentially limiting renovation complexity.

Flip Strategy and Comparable Sales

• Exact same size and configuration comparable at 3937 Pennsylvania Ave SE Unit 102 is currently offered at 120999.
• Renovated 583 square foot 1 bedroom unit at 3922 Southern Ave SE Unit 101 is offered at 135000.
• Larger renovated 1 bedroom condos in Fairfax Village have sold for approximately 145000 to 165000.
• Conservative after repair value estimated at 120000.

Flip Numbers

• Purchase Price: 59000
• Estimated Renovation: 20000
• Total Purchase and Renovation Basis: 79000
• Estimated ARV: 120000
• Potential Gross Spread: 41000
• Gross spread is before closing costs, holding costs, selling expenses and other transaction costs.

Buy and Hold Rental Strategy

• A 1 bedroom condo in the same building at 3947 Pennsylvania Ave SE has recently been marketed for approximately 1500 per month.
• A nearby 586 square foot 1 bedroom condo is currently asking 1650 per month.
• Estimated Monthly Rent: 1500 to 1650
• Estimated Annual Gross Rent: 18000 to 19800
• Annual Condo Fees: Approximately 5520
• Estimated Annual Rent After Condo Fees: 12480 to 14280
• Remaining income is before property taxes, insurance, vacancy, interior maintenance and management expenses.

Condo Association and Fees

• Monthly Condo Fee: Approximately 460
• Fee includes water, sewer, trash, common area maintenance, exterior building maintenance, lawn maintenance and snow removal.

Location and Accessibility

• Located in the established Fairfax Village community with brick garden style buildings and mature landscaping.
• Convenient access to Pennsylvania Avenue SE and Metrobus service.
• Nearby Naylor Road Metro and Skyland Town Center shopping and dining.
• Convenient access toward Capitol Hill, Downtown DC and major commuter routes.
• Location supports both resale appeal and rental demand.

Investment Summary

• Purchase Price: 59000
• Renovation Budget: 20000
• ARV: 120000
• Potential Gross Flip Spread: 41000
• Estimated Monthly Rent: 1500 to 1650
• Condo Fee: Approximately 460 per month
• Closing Date: November 24, 2026
• Final and Best Offer Deadline: Thursday, November 5, 2026, at 9:00 AM

Offer Requirements and Access

• Submit final and best offers through the designated website by the stated deadline.
• Proof of funds and LLC documentation must be uploaded for offer consideration.
• Property access is not available until a contract with a buyer has been ratified. A walkthrough will then be coordinated.
• Buyers must conduct their own due diligence and independently verify property condition, renovation costs, values and rental projections.
• Buyers are responsible for property cleanout and all closing costs.

Transaction Terms and Restrictions

• Seller of equitable interest only. Property is not owned by the assignor. Transaction involves the sale of an equitable interest under contract.
• Property is currently under contract with MarketPro Homebuyers, and any transaction will be completed through assignment of its contract.
• Do not visit the property, trespass or contact the seller without express written consent from MarketPro Homebuyers.
• Do not remarket the property without consent.
• MarketPro does not collaborate with other wholesalers.
• Unauthorized seller contact may result in legal action.

Contact Information

• Contact: Nikki Cornblatt
• Call or Text: 267 613 4394
• Email: deals@marketprohomes.com
• Deal Text Alerts: Text DEALSDMV to 91074 to opt in. Text STOP to end. Message and data rates may apply.