Client Success! Legal Duplex Capitol Hill Washington DC

[Cassidy Burns]

Closed! 🏡 . 4th @bpgresidential closing this week! . This was a fun one because it was investors who were only number and return focused , which makes it easy when evaluating assets . They were 1031 exchanging from a beach house into a long term buy and hold rental in Washington DC 📍 . Let’s look at the numbers: -$1,573,000 purchase price -Fully Tenanted : $6,800/month Lower Level: $1,800/month Upper Level: $5,000/ month These are COVID rents and will be getting the building back to where it should be: Lower unit: $2,000/month Upper Unit: $5,500/month Total Rents: $7,500/month . This was an all cash purchase so the owners will only be responsible for Insurnace, taxes, and property management on a monthly basis . They have hired @bpgpropertymanagementdc to take over management day 1! . This is a great long term buy and hold in Capitol Hill . Congrats to our clients on creating generational wealth by using TIME IN the market . On to the next ✌️