From time to time, we have access to properties with great rehab potential before they hit the market. And, in many cases, NavCap has already vetted and appraised these properties which reduces some of the risk and can streamline the loan approval process. It's a win for everyone involved.
We are pleased to offer this off-market opportunity to our clients. 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 is partially rehabbed with some excavation and demolition work already completed.
Take advantage of NavCap’s resources, and get a jump on the renovation! We have architectural drawings laying out plans for the nine rental/condo units as well as an approved Scope of Work for the planned repairs.
The list price for 1140 Florida Avenue is $2.35M. With an approved ARV of $5.5M, that leaves significant equity in the property after renovation.
Want to talk about 1140 Florida Avenue or any of our other available properties? Email us at info@gonavcap.com or give us a call at 888.444.3160 to speak with a loan officer.