806 55th St NE

OUTSTANDING PROPERTY for the investor, especially the BRRRR (Buy, Renovate, Rent, Refinance, and Repeat) investor. This property would also make a great "home".

THE PROPERTY
This semi-detached house features 4 bedrooms, 2 bathrooms, a large living room, dining area, kitchen, family room, a shed, patio/deck area, and off-street parking.
Bedroom 1 - 10 x 7
Bedroom 2 - 14 x 8
Bedroom 3 - 12 x 8
Bedroom 4 - 14 x 9
Main Bath - 4.5 x 9
Upstairs Bath - 8 x 5
Kitchen - 10 x 10
Family Room - 13 x 12

THE NEIGHBORHOOD
The neighborhood has experienced tremendous development in recent years. On the same the street, you'll find relatively new construction. Less than half of a block away, there's a new development coming. The bus line is a block away. 50 and 295 are very close. Both Harris Teeter and Costco are a few minutes drive away. You can be to Capitol Hill in a matter of minutes.

THE FINANCIALS
In real estate, you make your money when you buy. The numbers suggest that this is a great buy.
1. The sales comps suggest that this is an excellent buy. Please check the comps before making an offer.
2. The rent comps suggest that this is a BEAUTIFUL property for passive income purposes. Please check the rent comps before making an offer.
3. The Section-8 payment standards for a 4 bedroom in DC makes this property an absolute DIAMOND in the street.

TAKING ACTION
NOW that you're ready to take action, the following steps are necessary:
1. Schedule your showing; and,
2. Make a VERY SOLID offer. We are expecting multiple offers on this property. Please make sure you submit your highest and best offer; and,
3. Provide written evidence of your ability to perform (bank statement, brokerage statement, or lenders commitment letter); and,

We are looking forward to a smooth transaction. If you have questions, please feel free to ask. We thank you.