Love the style/look

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

Which neighborhood is this in? 

@Andres Felipe Alba Hernandez Yes, neighborhood covenants can sometimes restrict certain activities, including short-term rentals (STRs) or renting out parts of a home, even in areas without a Homeowners Association (HOA).

They look rough on the exterior and most of them are located in the class C neighborhood.

That is not my usual style of vacation.

Many of us are out in the neighborhood of $130K.

I am familiar with the Philadelphia market and neighborhoods where units trade at or around $115K/door.For this to be a true 10.5-11% cap the monthly income should be ~$10,750.00 or roughly $1,800/unit.

Construction has already started, with the first building being completed in 2025.Sources:Foulger Pratt WestEndWestEndInova Alexandria HospitalFirst phase of Landmark Mall redevelopment approved in AlexandriaEisenhower / Carlyle Alexandria: 7.6 Million Square Foot Expansion of the Hoffman Town Center on the Horizon Hoffman Co, the current owners of the Hoffman Town Center on the border of the Carlyle District, have long owned six lots totaling 17 acres in the area that have been vacant to this day, and have long had plans in the works for a revolutionary vision for the Eisenhower East Neighborhood.

I personally would avoid the older neighborhoods closer to the post.