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1952 Calvert St. NW Washington D.C. 2009

1952 Calvert St. NW Washington D.C. 2009. Joseph Demeria. For my project I chose the location of 1952 Calvert St. NW Washington D.C. 20009, a 4 story multi family dwelling unit. The property consists of three 2bed/2bath floors and one 1bed/1bath floor, for a total of 7 potential tenants.

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1952 Calvert St. NW Washington D.C. 2009

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  1. 1952 Calvert St. NW Washington D.C. 2009 Joseph Demeria

  2. For my project I chose the location of 1952 Calvert St. NW Washington D.C. 20009, a 4 story multi family dwelling unit. The property consists of three 2bed/2bath floors and one 1bed/1bath floor, for a total of 7 potential tenants. • The exterior of the property is brick painted red and blue. The property also includes a front porchalso afront yard with a traditional brick retaining wall andminimal landscaping. The interior appears to be well kept but dated from viewing pictures especially in the kitchens. • The metro is walking distance from the property and has many amenities as well with Adams Morgan right around the corner and the National Zoo within walking distance or just a short cab ride. DuPont Circle is also very close to the location and would be a quick cab ride down Connecticut Ave. In addition to the surplus of amenities available to potential tenants, the surrounding schools such as Ross Elementary and Wilson High are within 3 miles and both hold great reputations (zillow.com). The market listing for the property is currently $1.795M (realtor.com), and is currently generating $9,146 per month (zillow.com).

  3. Value Add • Improvements that I would find necessary to increase property value are: • Repaint exterior brick • Update the front porch as it is visually dated • Re-landscape the front yard • Replace both front doors on the main level and basement entry • Add new vinyl windows (Anderson) • Update interior paint in entrance hallway and stairwells • Update all kitchens with new cabinetry and appliance • Update all baths vanities, floors, shower tub surrounds • Update interior doors and trim • A rough estimate of cost for the above improvements would be around $250,000-$300,000 for a total investment of $2,095,000 into the property.

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