It's not often that I find 3 duplexes for less than $900,000 in Washington, DC. We have 3 options here, all in growing areas that could be great appreciation plays for long-term buy-and-hold investors. These properties are perfect for house hackers who want to mitigate their living expenses while owning an asset with lower money down (3.5-5% down FHA financing).
1829 E Capitol St. SE
• List Price: $849,900
• 1 Block from Metro
• Duplex1: 3 Bed/2.5 Bath Unit1: 1 Bed/1 Bath Unit
• Perfect for living in the upper-level unit and mitigating your expenses with rental income from the lower-level unit, either short-term or long-term.
561 15th St. SE
• List Price: $825,000
• 1 Block from Metro
• Duplex
2: 1 Bedroom Units
• Pick a unit, live in whichever you'd like, and rent the other.
• List Price: $899,000
• 3 Blocks from Metro
• Shaw Neighborhood
• Duplex
1: 1 Bed/1 Bath Unit1: 2 Bed/2 Bath Unit
• Live in the larger unit and rent out the 1-bedroom unit.
So, which would Cassidy buy? In my opinion, the best-valued unit is the duplex in Shaw, NW Washington, DC, at 217 R St. NW. With some slight renovations, you can add sweat equity and potential forced appreciation, not to mention you can purchase all of these for less than $900k. Some savvy investors will make a lot of long-term money on these 3 assets.
If you are interested in learning how to buy assets just like this, reach out to us at BPG Residential.
Happy Investing!
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