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North Bethesda, MD

$95,000 · ROCKVILLE, MD 20850
Works for flippers · Works for landlords

Available

$95,000Asking price

1 bd · 1 ba · 870 sq ft · built 1971

ROCKVILLE, MD 20850

Contract on file

via InvestorLift Classic

6 views · listed 6 days ago

Works for flippers

Works for landlords

The Numbers

Flip

Rental

Sells for (ARV)From the listing: $155,000
Asking price: −$95,000
RepairsMiddle of our estimate, $10,500 – $22,000: −$16,250
Loan, holding, closing20% down, 12% interest, 2 points, 67 days: −$10,694
Profit21.3% of ARV · flippers want 10%+: $33,056
Works

Works for a flipper up to $111,000.

MARKETPRO HOMEBUYERS

Nicole Cornblatt

No reviews yet

Comps

Sales

Rents

ARV $155,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $168,000.

The sales behind this value are shown to members.

ARV $155,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

MARKETPRO HOMEBUYERS

Nicole Cornblatt

No reviews yet

Seller Description

QUICK CLOSE!!! ROCKVILLE CONDO UNDER 100K | WALK TO METRO + TOWN CENTER | SAME-BUILDING SALES TO 155K (NOT IN MLS)

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

PROPERTY OVERVIEW

Well-Maintained 1 Bedroom / 1 Full Bathroom Condo Located in Americana Centre in Downtown Rockville.
Approximately 870+ SF of Living Space.
Private Balcony Overlooking the Community Pool.
Original Parquet Wood Floors in Good Condition.
Elevator Building with Concierge Services and Extensive Community Amenities.

COMPARABLE SALES AND ARV SUPPORT

Excellent Same-Building ARV Support: 118 Monroe St #506 is an Updated 1 Bedroom / 1 Bathroom Condo That SOLD FOR 155K IN MAY 2026.
Additional Same-Building 1 Bedroom Sales Include Unit #304 at 149,900 and Unit #209 at 155K.
Recent Full-Size 1 Bedroom Condo Sales in the 118 Monroe Building Have Generally Traded Between Approximately 125K and 155K.
Subject's 95K Off-Market Purchase Price Represents an Unusually Low Entry Point for a Full-Size Rockville Condo.
Renovated ARV Target of 155K Is Supported by Multiple Same-Building Sales.

VALUE-ADD AND RENOVATION STRATEGY

Estimated Cosmetic Renovation Budget of 15K to 20K.
Focus Renovation Dollars on Kitchen, Bathroom, Interior Paint, Lighting, and General Cosmetic Updates.
Preserve the Original Parquet Wood Floors and Private Balcony with Pool View.
Opportunity to Deliver an Updated, Move-In-Ready Condo for the Downtown Rockville Buyer Market.

PROPERTY FEATURES AND AMENITIES

Original Parquet Wood Floors.
Private Balcony with Pool View.
Laundry Facilities Directly Across the Hall at No Additional Charge.
Elevator Building.
Concierge Services.
Fitness Center.
Extra Storage.
Community Center.
Community Swimming Pool.

CONDO FEE AND INCLUDED SERVICES

Monthly Condo Fee Approximately 1,242.
Includes Electricity, Gas, Water, Exterior Building Maintenance, Insurance, Management, Recreation Facilities, Reserve Funds, and Snow Removal.
Higher Monthly Condo Fee Should Be Considered When Evaluating Resale Appeal, Buyer Affordability, and Rental Potential.

LOCATION AND COMMUNITY

Excellent Downtown Rockville Location in Americana Centre.
Walkable to Rockville Town Center, Restaurants, Shopping, and Entertainment.
Convenient Access to the Rockville Metro Red Line.
Strong Resale Appeal for Buyers Seeking an Affordable Montgomery County Condo with Metro Access.

INVESTMENT SUMMARY

Purchase Price: 95K
Estimated Renovation: 15K to 20K
Total Purchase and Renovation Basis: 110K to 115K
After-Repair Value: 155K
Potential Gross Spread: Approximately 40K to 45K Before Acquisition, Financing, Holding, and Resale Costs.
Closing Date: Monday, November 30, 2026.
Final and Best Offer Deadline: Wednesday, November 11, 2026 at 9:00 AM.

OFFER REQUIREMENTS AND PROPERTY ACCESS

Submit Final and Best Offer Through the MarketPro Website Before the Stated Deadline.
Proof of Funds and LLC Documents Must Be Uploaded for Offer Consideration.
No Property Access Until a Ratified Contract with a Buyer Is in Place.
A Walkthrough Will Be Organized After Contract Ratification.

CONTACT INFORMATION

Contact: Nikki Cornblatt
Call or Text: (267) 613-4394
Email: deals@marketprohomes.com

IMPORTANT TRANSACTION AND ASSIGNMENT TERMS

Seller of Equitable Interest Only. Property Is Not Owned by the Assignor.
This Is a Contract for Sale of Equitable Interest.
Property Is Currently Under Contract to MarketPro Homebuyers and Any Transaction Will Be Completed Through an Assignment of the MarketPro Contract.
Buyers Must Conduct Their Own Due Diligence. Repair Costs and Property Values Provided by MarketPro Are Estimates Only.
Buyer Is Responsible for Property Cleanout and All Closing Costs.
Do Not Visit the Property, Trespass, or Contact the Seller Under Any Circumstances.
Do Not Remarket the Property Without Express Written Consent from MarketPro.
Unauthorized Seller Contact Is Strictly Prohibited and May Result in Legal Action.
MarketPro Does Not Collaborate with Other Wholesalers.
Property Information Is Proprietary to MarketPro South, Inc. and Its Affiliates.

DEAL TEXT ALERTS