Deal of the Week: Investors, Proceed With Caution
✉️ Want to forward this article? Click here.
2034 1st Street NW
For those investors who may be interested in this installment of Deal of the Week, UrbanTurf’s advice is proceed with caution.
The listing is a Bloomingdale row home on 1st Street NW, which is part of an estate sale and needs to be completely rehabbed. In fact, the warning above comes from the listing description which notes that interested parties should bring a flashlight and “watch your steps!!!!” an indication that the interior is not very safe for people to walk around in. What’s more is that only cash offers are being entertained, a stipulation that basically limits the buyer pool just to investors.
Despite the warnings and restrictions above, the sizable property and its location make it a good deal for the right buyer, and based on the demand for properties like this in the District, we suspect a bidding war will likely ensue. To give a sense of the home’s return-on-investment potential, a five-bedroom property a little farther north on 1st Street sold for about $680,000 late last summer.
More details below.
- Full Listing: 2034 1st Street NW (map)
- Price: $325,000
- Bedrooms: Five
- Bathrooms: Three
- Year Built: 1906
- Listing Agent: Juan Umanzor, Long & Foster
Update: The listing description said that offers would be presented on April 12, but it appears that there is already a sale pending on this home.
See other articles related to: bloomingdale, dclofts, deal of the week, investment properties
This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/deal_of_the_week_investors_proceed_with_caution/5392.
Most Popular... This Week • Last 30 Days • Ever
UrbanTurf takes a look at the options DC homeowners and residents have to take advant... read »
Last week, UrbanTurf took a look at the Maryland suburbs with the highest home price ... read »
The National Geographic Society has big plans for its downtown DC campus.... read »
Add another new retailer to the growing list of openings in the neighborhood.... read »
In April, the Mount Vernon Triangle neighborhood of DC will welcome Claret: one of th... read »
- A Solar Panel Primer for DC Residents
- The 6 Northern Virginia Zip Codes With Highest Home Price Appreciation in 2024
- National Geographic To Open Museum, 400-Seat Theater In Downtown DC
- Huckberry Plans To Open Georgetown Store
- A First Look At The Amenity-Rich, Luxury Condominium Coming Soon to Downtown DC
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro