Victorian Bloomingdale Row House on Corner

[Dre Giles]

Investment Info:

Single-family residence buy & hold investment in Washington.

Purchase price: $800,000
Sale price: $1,300,000

MLS# DCDC440296

Rare Bloomingdale Gem over 2,700 SF ready for your finishing touches. Move-In today, plan your renovations while you live in this gorgeous treasure with off street parking. The creative developer will be tasked with displaying their talents on all four floors. Get your Architects and GC's on the ready there is almost 1,000 SF of Open Unfinished Basement to develop.

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

Location and parking space in back to accommodate two vehicles.

How did you find this deal and how did you negotiate it?

Found deal through network of associates.

How did you finance this deal?

Investor and mortgage.

How did you add value to the deal?

Repairs to make move in ready.

What was the outcome?

Had success in doing so.

Lessons learned? Challenges?

Lesson learned, should have put on the market sooner.