WHOLESALE DEAL - $305k SFH in Woodridge, Washington, DC

[Sarah K.]

Hello Fellow Rehabbers!

I have an REO property that has finally been approved for sale in the hot investor DC neighborhood - Woodridge. Closing must occur before August 23rd. I have several other projects in the area that I paid a lot more for and I would take on this project but already have my hands full, so take advantage!! This house has good bones but needs a lot of work - total rehab.

ARV - $750k - $800k+

Repairs - $250k - $300k

Asking - $305k

Comps:

• 2004 Evarts Street NE - under contract; list price $1.1m
• 2009 Evarts Street NE - sold Jun 14 for $750k
• 2022 Monroe Street NE - sold Jul 1 for $740k
  • Previously sold to investor Oct 5, 2015 for $448k
• 2024 Monroe Street NE - sold Mar 15 for $750k
• 1710 Douglas Street NE - sold May 20 for $700k
  • Previously sold to investor Dec 29, 2015 for $340k
• 4021 22nd Street NE - sold Jul 22 for $325k
  • Investor bought with cash - similar size lot and close sq.ft. as subject property (showing what people are paying for investment properties in the area)

Please let me know your thoughts and interest. (301) 968-5676