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 TURNKEY CONSTRUCTION PROJECT - MULTI-UNIT: WASHINGTON DC

  • Apartment
    3600 square_feet
    bedroom 5 Bedrooms
    bathroom 4 Baths
  • Flip/Rental
    $720,000
    Status : Available
    Year Built : 0
 Description
We just gained control of this property and have a potentially lucurative project to those who have the capacity to tear down and build up (New Construction).  This property is located in the North East section of Washington, DC, about 1.2 miles from Interstate 295 (Baltimore/Washington Parkway). Here are the details.

4-Unit New Construction Project (teardown & new build). The BEST part of this project is that we already have a clean Permit AND Building plans as well as a reputable contractor in place to start the work (if you wish to go that route). Turnkey opportunity!

With an asking price of only $720,000 and a $600,000 total construction cost, the savvy investor can be all in at around $1,320,000. With a current ARV (After Repair Value) at $1,800,000, you are looking at a potential profit of at least $400,000 (when you consider adding extra closing and holding costs expenses).  This is a no-brainer!
 Rehab Work Needed
  • Air Conditioning
  • Appliances
  • Bathroom
  • Bedroom
  • Electricity
  • Floor
  • Heater
  • Kitchen
  • Light Fixtures
  • Living Room
  • Master Bedroom
  • Open Floor Plan
  • Paint Exterior
  • Paint Interior
  • Roof
 General Amenities
 Tags
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 Summary

Overview
TURNKEY CONSTRUCTION PROJECT - MULTI-UNIT: WASHINGTON DC Flip/Rental
$720,000
Property ID: MD200192736
Address: Login to View
City: Washington DC
State/Province: MD
Zip Code: 20002
Country: USA


Rental Analysis

+ Purchase Price: $720,000
+ Purchase Closing Cost: $21,600
+ Rehab Cost: $0
Total Acquisition Cost: $741,600


Monthly Rent: $0
+ Annual Potential Rent: $0
- Vacancy (3%): $0
Annual Gross Income: $0
Annual Gross ROI: 0%


Flip Analysis

+ Purchase Price: $720,000
+ Purchase Closing Cost: $21,600
+ Rehab Cost: $600,000
Total Acquisition Cost: $1,341,600


+ Selling closing cost: $54,000
+ Agent Commision : $54,000
Total Holding Cost: $108,000


Total Flip Cost: $1,449,600
Projected ARV: $1,800,000
Net Income (Profit): $350,400
CAP Rate: 24.17%

 Message

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