QUICK CLOSE!!! NE DC BRICK ROW | EXACT 832-SF COMPS SOLD 439K-470K | 3RD BED + 2ND BATH VALUE-ADD (NOT IN MLS)
Sold Sight Unseen-No Access until we have a ratified contract with the buyer
PROPERTY OVERVIEW
Solid 3-Level Brick Rowhome Located in the Established River Terrace / Lily Ponds Area of Northeast Washington, DC.
2 Bedrooms and 1 Full Bathroom.
Approximately 832 SF Above Grade Plus 416 SF Below Grade, Providing Approximately 1,248 Total SF.
Walk-Out Basement with Access to the Level Rear Yard.
Rear Alley Access with Potential for Off-Street Parking.
Property Is Vacant and Requires a Complete Interior Renovation.
COMPARABLE SALES AND ARV SUPPORT
Excellent Exact-Size ARV Comp: 311 35th St NE Offers the Same 832 SF Above Grade Plus 416 SF Finished Lower Level, Providing 1,248 Total Finished SF.
Comparable Property Was Fully Renovated with 2 Full Bathrooms, Finished Basement, and Rear Parking and SOLD FOR 455K IN JULY 2026.
Additional Exact-Footprint Comp: 220 33rd St NE Offers Approximately 1,248 Total Finished SF, Finished Lower Level, 2 Full Bathrooms, and Rear Parking. SOLD FOR 439K IN MAY 2026.
331 35th St NE Features the Exact Same 832 SF Above-Grade Footprint and SOLD FOR 469,900 IN SEPTEMBER 2026.
Three Recent Nearby Sales Sharing the Subject's Exact Above-Grade Footprint Sold Between 439K and 469,900.
Strong Comparable Sales Support the Subject's Conservative Renovated ARV Target of 440K.
VALUE-ADD AND RENOVATION STRATEGY
Finish and Reconfigure the Existing 416 SF Lower Level to Potentially Create a Third Bedroom with Proper Egress and a Second Full Bathroom.
Existing Walk-Out Basement Provides Additional Functional Living Space and Opportunity to Increase the Finished Bedroom / Bathroom Count.
Follow Successful Renovation Strategies Demonstrated by Nearby Comparable Properties.
Explore Improving or Creating Dedicated Off-Street Parking Through Existing Rear Alley Access and Rear Yard.
Rear Parking Is a Valuable Feature for the Finished Washington, DC Resale Market and Is Already Demonstrated in Nearby Renovated Comparables.
PROPERTY LAYOUT AND FEATURES
Main and Upper Levels Currently Offer 2 Bedrooms and 1 Full Bathroom.
Lower Level Features Additional Finished Space, Walk-Out Access to the Level Rear Yard, and Potential Plumbing for an Additional Bathroom.
Rear Alley Access Provides Potential for Dedicated Off-Street Parking.
Existing Layout Offers Flexibility for a Renovated 3 Bedroom / 2 Full Bathroom Finished Product.
PROPERTY CONDITION AND RENOVATION REQUIREMENTS
Full Gut Renovation Required.
Property Is Vacant with Heavy Hoarder Conditions, Significant Debris, and Animal Odor Throughout.
All Utilities Are Currently Turned Off.
Investor Should Budget for Complete Property Cleanout and Odor Remediation.
Complete Interior Renovation Required.
Evaluate and Budget for Potential Replacement of Roof, HVAC, Water Heater, Electrical, Plumbing, and Other Major Systems as Needed.
Estimated Renovation Budget: 130K.
LOCATION AND COMMUNITY
Located in the Established River Terrace / Lily Ponds Area of Northeast Washington, DC.
Convenient Access to the Anacostia River, Walking and Biking Trails, Parks, and Public Transportation.
Close to Route 295 for Commuter Access.
Nearby Renovated Sales Demonstrate Strong Resale Demand for Similar-Size Homes with Finished Basements and Rear Parking.
INVESTMENT SUMMARY
Purchase Price: 185K
Estimated Renovation: 130K
Total Purchase and Renovation Basis: 315K
After-Repair Value: 440K
Potential Gross Spread: Approximately 125K Before Closing Costs, Financing, Holding Costs, and Resale Expenses.
Closing Date: Friday, December 4, 2026.
Final and Best Offer Deadline: Thursday, November 12, 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.
Craig Is Available to Review Property Pictures or Videos and Answer Questions.
