WASHINGTON, DC 20005

DOWNTOWN DC 2BR / 2BA CONDO | GARAGE PARKING | SAME-BUILDING SALES UP TO 600K-640K | ONLY 375K (NOT IN MLS)

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

Property Overview

• Clean and well-maintained 2-bedroom, 2-full-bathroom condominium located in the full-service 1150 K Street Condominium in Downtown Washington DC.
• Approximately 866 square feet with an open living and dining area, kitchen, two bedrooms, and two full bathrooms.
• Primary bedroom features a private en-suite bathroom.
• Includes in-unit laundry and assigned garage parking.
• Excellent opportunity for a value-add renovation with strong resale support from renovated units within the same building.

Comparable Sales and ARV Support

Strong Same-Building Resale Comparables

• 1150 K Street NW #309 - 2 BD / 2 BA, 938 SF, garage parking and private balcony. Sold for 640,000.
• 1150 K Street NW #1211 - 2 BD / 2 BA, 1,010 SF, renovated with garage parking. Sold for 600,000.
• 1150 K Street NW #1111 - 2 BD / 2 BA, 1,010 SF. Sold for 507,500.

Current Market Support

• Unit #205 - 2 BD / 2 BA, 957 SF, renovated with garage parking. Currently under contract with an asking price of 635,000.

ARV Considerations

• Higher comparable sales feature larger floor plans and, in some cases, superior amenities.
• Investors should underwrite conservatively based on the subject's smaller 866 SF footprint.
• Same-building sales demonstrate strong resale demand and support a potential resale range of 550,000 to 570,000.

Interior Features and Updates

• Open living and dining area with functional kitchen layout.
• Two bedrooms and two full bathrooms.
• Primary bedroom with private en-suite bathroom.
• In-unit washer and dryer.
• Hardwood flooring, HVAC system, and water heater reportedly replaced within approximately the past five years.

Building Amenities and Condo Fee

• Full-service condominium building with 24-hour front desk and concierge.
• Fitness center and updated resident lounge / community room.
• Rooftop deck with grills and panoramic Washington DC and monument views.
• Elevator and secure building access.
• Monthly condo fee of approximately 865, including water, sewer, trash, and exterior / common area maintenance.

Location

• Exceptional Downtown Washington DC location near Franklin Park, CityCenterDC, Logan Circle, the 14th Street Corridor, Chinatown, and Penn Quarter.
• Convenient access to restaurants, shopping, entertainment, and major downtown employment centers.
• Multiple nearby Metro stations include McPherson Square, Metro Center, Mount Vernon Square / Convention Center, and Gallery Place-Chinatown.
• Access to multiple Metro lines throughout Washington DC and the greater DMV area.

Investment Summary

• Purchase Price: 375,000
• Estimated Renovation: 60,000
• Total Purchase and Renovation Basis: 435,000
• Target ARV: 570,000
• Potential Gross Spread: 135,000
• Estimated Resale Range: 550,000 to 570,000

Value Story

• Strong Downtown DC location with full-service building amenities.
• Two-bedroom, two-bathroom floor plan with assigned garage parking.
• Major mechanical components reportedly updated within the past five years.
• Same-building renovated sales reaching 600,000 to 640,000.
• Attractive value-add opportunity with a conservative target resale of 550,000 to 570,000.

Transaction Details and Deadlines

• Closing Date: December 14, 2026.
• Final and Best Offer Deadline: Monday, November 16, 2026, at 9:00 AM.
• Submit offers through the designated website.
• Proof of Funds and LLC documentation must be uploaded for offer consideration.
• For additional information, contact Craig Eberhardt at 301-812-4504.

Important Transaction and Disclosure Information

• Seller of equitable interest only. Property is not owned by the assignor.
• This transaction represents a contract for sale of equitable interest.
• Property is currently under contract to MarketPro Homebuyers. Any completed transaction will be through an assignment of its contract.
• Buyers must conduct their own due diligence and independently verify property information, repair estimates, and projected values.
• Buyers are responsible for property cleanout and all closing costs.
• No unauthorized communication or direct contact with the seller is permitted without express written consent from MarketPro Homebuyers.
• Unauthorized contact may be considered intentional interference with a contract and may result in legal action.
• MarketPro Homebuyers does not collaborate with other wholesalers.

Buyer Registration and Text Updates

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