1028 Bladensburg Road NE, Unit 05 Washington, DC 20002
235,000
Features
HomeBridge is offering investors an opportunity to acquire a newer, well-maintained condominium in Washington, DC.
Built in 2021, this first-floor unit features two bedrooms, one bathroom, and an open-concept kitchen and living area. The interior includes white cabinetry, stainless-steel appliances, recessed lighting, wood-look flooring, an in-unit washer and dryer, and a modern bathroom with a glass-enclosed shower.
The property is already in good condition and is expected to require only minor painting, cleaning, and cosmetic touch-ups before it is ready for rental or resale.
Deal Summary
Asking Price: $235,000
Estimated Repairs: $5,000
Estimated ARV: $365,000
Potential Gross Spread: $125,000 before financing, holding, selling, and closing costs
2022 Sale Price: $367,500
Historical Comparable Sales: Approximately 269,000–487,000
The current asking price is approximately $132,500 below the property’s 2022 sale price—a discount of roughly 36%.
Rental Projections
Estimated Rent: 2,400–2,500 per month
Condo Fee: $382 per month
Property Taxes: Approximately $2,651 per year
At an estimated monthly rent of $2,450, the projected annual income after the listed condo fee, property taxes, and insurance is approximately $20,965, representing a simple annual return of approximately 8.92% on the purchase price.
NOTE: YOU ARE STRICTLY PROHIBITED FROM CONTACTING ANY SELLER OR OTHERWISE USING ANY INFORMATION PROVIDED TO YOU UNLESS YOU HAVE THE EXPRESS WRITTEN CONSENT OF MPH. Any Property information received by you is proprietary information belonging to HomeBridge LLC. All Properties are currently under Contract to HomeBridge . Any transaction consummated by you will be pursuant to an assignment of HomeBridge's Contract. Any unauthorized contact will be considered intentional interference with a Contract and may result in legal action being taken against you. Buyers are asked to perform their due diligence. HomeBridge Homebuyers provides only estimated repair costs and property values.
Bed
Baths
Sqft
Lot Area
Property Type
Year Built
Parking
Reno
ARV
2
1
789
Condominium (Condo)
5,000
365,000
On street
2021
