Quadplex In the heart of Washington,DC 🤑🤑🤑

Washington, DC, 20002 view full address
For Sale
Listed at: November 10th, 2023
Price
$940,000
ARV
$1,200,000
Sq. Footage
2584
Type
Multifamily
Parking
Off street
Year build
1936
Lot size
2703.00 acres
Bedrooms
8
Bathrooms
4
Half Bathrooms
0
If someone buys for this price, no more offers will be accepted
Summary

Welcome to a unique investment property in the heart of Washington, DC - an 8-bedroom, 4-bathroom Quadplex valued at $1.5 million. This property not only promises an amazing location but also presents a lucrative buy-and-hold opportunity in one 

**Key Investment Features:**

 

1. **Income Potential:** With the possibility of earning an estimated $3500 per unit, this Quadplex offers a substantial income stream. Imagine the financial rewards of all four units contributing to your investment portfolio.

 

2. **Rehabilitation Potential:** Recognize the value in revitalizing this property. Estimated rehab costs of $150,000 for all four units unlock the potential to enhance their appeal, command higher rents, and increase the overall property value.

 

3. **Buy and Hold Strategy:** In a market as dynamic as Washington, DC, strategic investors recognize the long-term value of holding onto a property in a rapidly appreciating area. This Quadplex presents a prime opportunity to secure a foothold in an increasingly desirable neighborhood.

 

4. **Hot Area:** Capitalize on the desirability of the location. The Quadplex is situated in an area experiencing significant growth and development, making it an attractive option for both tenants and future buyers.

 

5. **Amazing Location:** Enjoy the convenience and prestige of being located in one of the city's most sought-after neighborhoods. Residents will relish the proximity to cultural attractions, dining hotspots, and convenient transportation options.

 

6. **Investor-Friendly:** The estimated $2,000 per unit potential, coupled with a $150,000 rehab investment, positions this Quadplex as a savvy choice for investors looking to diversify their portfolio and capitalize on the thriving DC real estate market.

 

This Quadplex is not just a property; it's an investment in the future. Explore the potential of a buy-and-hold strategy, take advantage of the estimated rental income, and position yourself for long-term success in this amazing location. Contact us now to secure this unparalleled opportunity and embark on a journey of financial growth and prosperity.

 

Summercrest Capital LLC

Donsha Boyd

donshaboyd@summercrestcap.com

 

Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact