Washington, DC's small multifamily market isn't going anywhere. The demand for jobs in Washington, DC isn't going anywhere. The nightlife in Washington, DC isn't going anywhere. Owning a small multifamily real estate asset in Washington, DC, long-term, will win. However, I do think you need to place great debt and purchase these assets correctly in order to truly win and not struggle with cash flow restraints.
This newsletter highlights the three best assets in Washington, DC, as of November 8th, 2024. I hope this helps with your investing goals! If you'd like to tour or receive further analysis, reach out to BPG.
1244 New Jersey Ave. NW
• Duplex
• List Price: $1,350,000
• Value-add opportunity
• This is perfect for the investor looking to house hack using FHA financing. Live in the upper level and rent the lower level. With renovations, you can add significant value to this building long-term.
26 P St. NE
• Triplex
• List Price: $1,850,000
• Growing location
• With this area appreciating and growing with significant commercial development, it's inevitable that this asset will see steady rent and value growth. The photos don't show the quality of the interior units, so we can assume some cosmetic value-add to help drive those rents.
1741 S St. NW
• Quadplex
• List Price: $2,850,000
• Stable location
• Let me own four of these buildings... PLEASE. Seriously, if you were able to accumulate four of these buildings over your life, your family will be set. If they average $10,000-$12,000/month in rental income and you pay off those assets, there is your retirement. Great locations, steady rent increases, and value increases as the rent increases. LOCATION, LOCATION, LOCATION.
So, which would Cassidy buy? I think this is a no-brainer. Give me anything in Dupont Circle or Logan Circle. You won't regret it.
Reach out to BPG if you want more information on how to buy these assets.
Happy Investing!
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