ROCKVILLE, MD 20852

PRICE SLASH with QUICK CLOSE!!! ROCKVILLE / NORTH BETHESDA 2 BED CONDO | WALK TO GROSVENOR METRO | BUY & HOLD OR WHOLETAIL QUICK (NOT IN MLS)

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

Property Overview

• Clean and well-maintained Grosvenor Park condominium featuring 2 bedrooms and 1 full bathroom with approximately 1,086 SF.
• Private exterior balcony and original parquet wood floors in good condition.
• Excellent off-market acquisition opportunity with strong same-building comparable support.
• Multiple exit strategies include buy-and-hold rental, quick wholetail resale or full cosmetic renovation and resale.

Layout and Features

• Two bedrooms and one full bathroom.
• Approximately 1,086 SF.
• Private exterior balcony.
• Original parquet wood floors in good condition.
• Clean and well-maintained interior with potential for light cosmetic improvements.

Comparable Sales and Buy-Price Support

• 10401 Grosvenor Pl #420: Exact same 2-bedroom, 1-bathroom, 1,086-SF floorplan in very similar current condition, currently listed for 265K.
• Unit #420 previously sold for 255K, providing strong same-building support compared with the subject's 180K acquisition price.
• Subject offers an approximately 75K to 85K discount against the comparable's current asking and previous sale prices before renovations.

Renovated ARV Support

• 10201 Grosvenor Pl #1215: Renovated 2-bedroom, 1-bathroom unit sold for 268K in May 2026.
• Supports an estimated renovated resale value of approximately 270K to 280K.

Investment and Exit Strategies

Option 1: Buy and Hold

• Comparable 2-bedroom, 1-bathroom units in Grosvenor Park support approximately 2,300 to 2,400 per month in rental potential.
• Estimated rent-ready renovation of only 5K.
• Total estimated acquisition and renovation basis of 185K.
• Built-in equity potential in a convenient Montgomery County location near Metro.

Option 2: Quick Wholetail

• Subject's current condition is reportedly very similar to same-building Unit #420, currently listed for 265K.
• Investor can explore a light cleanup and cosmetic preparation before relisting.
• Provides an opportunity to capitalize on the existing condition and same-building comparable support without a full renovation.

Option 3: Full Cosmetic Flip

• Estimated cosmetic renovation budget of 25K.
• Total estimated acquisition and renovation basis of 205K.
• Estimated ARV of 270K to 280K.
• Potential gross spread of 65K to 75K before acquisition, financing, holding and resale costs.

Updates and Condition

• Original parquet wood floors in good condition.
• Private balcony.
• Clean and well-maintained interior.
• Potential for light cosmetic improvements.
• Condo fee approximately 1,225.20 per month.
• Condo fee reportedly includes all utilities, common-area maintenance and building services.

Community Amenities

• Swimming pool.
• Fitness center.
• Tennis courts.
• Laundry facilities.
• On-site market.
• Salon.
• Front desk services.
• Additional gathering and recreational spaces.
• Grosvenor Market located on-site for everyday essentials.

Location

• Walking distance to Grosvenor-Strathmore Metro Red Line.
• Convenient access to NIH, Walter Reed, Strathmore, Pike and Rose, I-495, I-270, Bethesda and Washington, DC.
• Highly desirable Montgomery County location with strong rental and resale appeal.
• Excellent convenience for commuters and tenants seeking Metro accessibility.

Investment Numbers

• Buy Price: 169K
• Estimated Rent-Ready Renovation: 5K
• Total Buy and Rent-Ready Renovation Basis: 185K
• Estimated Flip Renovation: 25K
• Total Buy and Flip Renovation Basis: 205K
• Estimated ARV: 270K to 280K
• Estimated Rental Potential: 2,300 to 2,400 per month
• Monthly Condo Fee: 1,225.20
• Estimated Potential Gross Flip Spread: 65K to 75K before transaction and holding expenses.

Transaction Details

• Closing Date: Tuesday, November 24, 2026.
• Final and Best Offer Deadline: Friday, November 13, 2026 at 9:00 AM.
• Submit offers through the MarketPro website.
• Proof of Funds and LLC documents 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 arranged.
• Craig is available to review property pictures and videos and answer questions.

Important Buyer Requirements and Disclosures

• Seller of equitable interest only. Property is not owned by the assignor.
• Transaction is an assignment of MarketPro's existing contract.
• Do not visit the property, trespass or contact the sellers directly.
• Do not remarket the property without written consent from MarketPro.
• Property information is proprietary to MarketPro South, Inc. and its affiliates.
• Unauthorized seller contact may be considered intentional interference with a contract and may result in legal action.
• Buyers must perform their own due diligence. Repair costs and property values provided are estimates only.
• Buyers are responsible for property cleanout and all closing costs.
• MarketPro does not collaborate with other wholesalers.

Contact Information

• Contact: Craig Eberhardt
• Phone: 267-613-4394
• Available for calls and text messages.
• Email: deals@marketprohomes.com

Deal Text Notifications

• To receive deal notifications, text DEALSDMV to 91074.
• Text STOP to end notifications.
• Message and data rates may apply.