Are you looking for your next real estate investment project?
Take a look at 1140 Florida Avenue (also known as 1108 Montello Ave NE) in the up and coming Trinidad neighborhood of Washington DC. This residential over retail property is headed to auction next week — on February 10, 2022 at 11:55AM, to be exact.
This mixed-use multi-family property is located along the popular H Street corridor and is ready for rehab. With considerable unlocked potential, this 5 story property is zoned for retail space on the bottom and the creation of nine residential rental/condo units above. 1104 Florida Ave (aka 1108 Montello Ave NE) is partially rehabbed with some excavation and demolition work already completed.
The initial deposit for the auction is $30,000 but the ending bid is anyone’s guess. With an approved ARV of $5.5M after all the renovations are made, there is significant upside here.
Click the link below for more details about the auction.
How Can We Help You?
Have you been inspired? If you are in the market for fix and flip, buy and hold, or construction financing, we would love to chat with you. Give us a call at 888.444.3160 or email us at info@gonavcap.com. Or, if you would like a no-obligation quote on your project, click the link below.