Ground Up 20 units in Washington DC

Rental Property Investor · Washington DC · Member since 2019 · 4 posts · 5 votes

Investment Info:

Large multi-family (5+ units) commercial investment investment in Washington.

Purchase price: $5,200,000
Cash invested: $1,200,000

Ground up 20 units in DC. 2 bed 2 bath. I GC all of my projects. The Violet is the name of the building

What made you interested in investing in this type of deal?

Location

How did you find this deal and how did you negotiate it?

MLS

How did you finance this deal?

Eastern Union

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Shadonna N.
Developer · . · Member since 2014 · 520 posts · 162 votes
7y
Way to go Frank. Do you plan to hold it. How long did the project take? Did you have to make any zoning changes?
0 Reply
Taylor L.
Rental Property Investor · RVA · Member since 2016 · 5k+ posts · 4k+ votes
7y
Nice deal. Is your $5,200,000 valuation the final value of the completed and leased up building?
0 Reply
Chris Coleman
Rental Property Investor · Washington, DC · Member since 2015 · 429 posts · 393 votes
7y
@Frank Chambers
Congratulations! Looks great.
Did you do a syndication or JV for the $1.2M?
0 Reply
Solomon Morris
Rental Property Investor · MD · Member since 2018 · 287 posts · 205 votes
7y
@Frank Chambers congrats this is so awesome to see. Is this your first project of this magnitude? Any big lessons learned?
0 Reply

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