Deal of the Week
Are you looking to increase income or build equity?
Maximize your return on investment. It's an age-old question - do you want to increase income from existing investments, or build equity for the long term. It may be difficult to know whether you should prioritize building up your portfolio quickly, focusing on profits from current projects, or setting yourself up for steady long-term gains. Take a look at how to make these decisions and set yourself up for both short and long term success in the Washington DC real estate market.
We'll help you review strategies for increasing cash flow, developing sustainable streams of passive income and giving yourself flexibility with future investments. You don't have to choose one path - understanding how the two can coexist can help diversify your portfolio and lead to successful growth!
If you have any questions, you can TEXT us “Deal of the Week” @ 202-793-8600. Also you can fill the form out below.
Brought to you by Michael Sims Advisory Real Estate Services, LLC
$399,900 | TWO-UNIT INVESTMENT OPPORTUNITY | ANACOSTIA / FAIRLAWN
Are you looking for your next DC investment property?
This week’s DC Landlord Association Deal of the Week is an opportunity for an investor, landlord, developer, or owner-occupant looking for a property with renovation and income-producing potential.
Located at 1702 Minnesota Avenue SE, this property offers approximately 2,622 square feet of living space, 7 bedrooms, 3 bathrooms and a two-unit configuration.
PROPERTY HIGHLIGHTS
Asking Price: $399,900
Previous Asking Price: $449,900
Price Reduction: $50,000
Bedrooms: 7
Bathrooms: 3
Living Area: Approx. 2,622 SF
Lot: Approx. 3,000 SF
Property: Two-Unit Residence
Zoning: RA-2
Year Built: 1934
Basement: Full with rear entrance
Parking: Garage / Off-Street Parking
HOA: None
WHY WE LIKE THIS DEAL
At approximately $153 per square foot, this property gives an investor something increasingly difficult to find in Washington, DC: a sizable property under $400,000 with an existing two-unit layout and the ability to create additional value through renovation.
The property needs updates, which could make it particularly attractive to an investor who wants to control the renovation and reposition the property rather than pay a premium for someone else's improvements.
The listing also indicates that drawings and permitting have already started, potentially giving a buyer a head start on the redevelopment process.
POSSIBLE INVESTMENT STRATEGIES
Depending on permitting, licensing, zoning, financing and the final configuration, an investor could explore several strategies:
Buy + Renovate + Hold
Renovate the property, stabilize the units and add it to a long-term rental portfolio.
Owner-Occupant / House Hack
Explore occupying one unit while generating rental income from the other.
BRRRR Strategy
Buy, renovate, rent, refinance and hold the property for longer-term appreciation and cash flow.
Value-Add Investment
Improve the kitchens, bathrooms, mechanical systems, finishes and overall condition to reposition the property and increase its potential value.
THE DCLA INVESTOR ADVANTAGE
Buying the property is only the beginning.
DC Landlord Association members can receive assistance navigating the process from acquisition through renovation and ultimately getting the property ready for tenants.
MEMBER SUPPORT MAY INCLUDE:
• Property evaluation
• Renovation planning
• Contractor and handyman support
• Project management
• Rental property licensing assistance
• Rental inspection preparation
• Landlord compliance guidance
• Leasing and tenant placement support
• Property management services
• Legal and landlord-tenant support
BEFORE YOU BUY
This is a value-add property, so investors should perform appropriate due diligence before making an offer.
Particular attention should be given to the existing Certificate of Occupancy/use, RA-2 zoning, permits and drawings already submitted, renovation costs, electrical/plumbing/HVAC systems, potential rental income, financing requirements and the property's current tax status.
The goal isn't simply to buy a property because the price looks attractive.
The goal is to determine whether the numbers work.
INTERESTED IN THIS DEAL?
Want DC Landlord Association to help you evaluate this property?
We can help members review the potential acquisition, renovation scope, rental strategy, licensing requirements and property-management options.
TEXT “DEAL OF THE WEEK” TO 202-793-8600
Financing Available Through Pivotal Business Services
Need financing for this investment?
Whether you're purchasing your first investment property or adding to your portfolio, Pivotal Business Services offers financing solutions designed specifically for real estate investors.
Available Loan Programs
Quick Financing Response
Interested in financing this property?
TEXT "MINNESOTA" to 240-691-7791
Pivotal Business Services
Real Estate • Business • Commercial Loans
Whether you're purchasing, renovating, refinancing, or building, Pivotal Business Services can help connect you with financing options tailored to your investment goals.
Quick Response: 240-691-7791
*** MEMBER SPECIAL***
$2,500 Handyman Gift Certificate
Rental Property License Fee
2 Year Warranty
Appraisal Rebate
Home Inspection Rebate
6 Months of Property Management
Partner Members ONLY
Must sign-up before August 31, 2026