1328 G Street SE - Washington, DC - Commercial and Residential

[Ty Voyles]

Investment Info:

Office Space buy & hold investment.

Purchase price: $500,000
Cash invested: $300,000
Sale price: $850,000

Purchased a dual-zoned (commercial and residential) property. Fully gutted and renovated the space, then occupied it as office space for a residential real estate office. After six years of occupancy, we touched it up and then sold it as a single family residence.

What made you interested in investing in this type of deal?

We needed an office space for our real estate team that had an easy and multiple exit strategies. This property allowed for commercial use, then sale as a commercial or residential property.