13th Street NW, Washington, DC

13th Street NW, WDC was a large single-family row house in a much sought after area in NW, DC. The owners died and left the house to out of state heirs. The house was vacant, in disrepair, and the heirs wanted to sell quickly. This was a buy, “clean up”, and resell investment deal. The buyer held the property for approximately four months. Here are their numbers.

  • $490,000

    Purchase Price

  • $1,000

    Clean-Up Costs

  • $7,000

    Holding Costs

  • $655,000

    Resell Price

  • $157,000

    Net Profit

  • Approx 4 months

    Time Frame