Deal Review
1435 4th Street
This Washington D.C. condo unit was strategically acquired on April 30, 2024, just before its foreclosure proceedings. Shortly after, the property was secured at auction, solidifying our position. Our plan involves a light renovation of the unit to enhance its appeal, after which it will be marketed for sale, targeting a projected market value of $320,000. This approach underscores our commitment to maximizing asset potential through timely intervention and strategic planning.
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$180,000
REO Purchase Price
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$320,000
Market Value
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77.78%
Expected ROI
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69.72%
Expected IRR
Property Photos
Condo REO Unit
This 446 sq ft property was acquired in less-than-ideal condition, with a current market value of $220,000. We plan to invest $20,000 into a light renovation to unlock the property’s full potential and achieve its true market value of $320,000. This strategic improvement aligns with our vision to maximize value through thoughtful upgrades.
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