Georgia Row at Walter Reed in Washington

Name: Sales in Georgia Row at Walter Reed started!
Start: 2020-09-09T07:11:11.279111+00:00
End: 2023-12-31T23:59:59+0000
Location: Georgia Row at Walter Reed

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Project info

Object ID: 9148

Finished at	December 2018
Price, m²	From 4600$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 130.00 m²
Floors	4
Apartments	21
Building phase	Completed
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking Kids playground Near school Near kindergarten Near supermarket Nearby subway stations Silver Spring 7 min Takoma 9 min Georgia Avenue/Petworth 10 min Georgia Avenue – Petworth 10 min Columbia Heights 14 min Columbia 14 min U Street 15 min Shaw – Howard/University 16 min Shaw – Howard University 16 min Mount Vernon Square 18 min Mount Vernon/Square 18 min Metro Center 19 min Gallery Place 20 min Gallery/Place 20 min Forest Glen 21 min Federal Triangle 21 min Archives 21 min McPherson/Square 21 min McPherson Square 21 min
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Return on investment for apartment

with price

11,755$

Rental income

1,103$

Management

689$

Utilities

587$

5% Income tax

9,376$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	16%	5	55$	275$
February	28	21%	6	55$	330$
March	31	12%	4	60$	240$
April	30	16%	5	60$	300$
May	31	25%	8	60$	480$
June	30	60%	18	80$	1440$
July	31	77%	24	120$	2880$
August	31	77%	24	130$	3120$
September	30	40%	12	100$	1200$
October	31	38%	12	60$	720$
November	30	23%	7	55$	385$
December	31	22%	7	55$	385$
Total	365		132		11755$
Average		35%		74$

Total invested

598,000$

Net profit

9,376$

Payback period

50.9 years

Avg property value increase per year

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About the project

The unique and innovative residences at Georgia Row at Walter Reed make a resounding statement in the northern Washington, D.C. corridor. Savor city views from your private rooftop terrace. Indulge in Craftmark Homes’ stunning interiors, from spacious living areas to luxury touches like contemporary lighting, distinctive molding, and more.

To bring the charms and attractions of the entire metropolitan area to your fingertips, we chose the perfect location on Georgia Avenue, just 4 blocks from the D.C./Maryland line. All that Washington, D.C. and the nation’s capital area has to offer is just minutes away when you choose to call Georgia Row at Walter Reed “home.”

Developer

Craftmark Homes is a family-owned company that embraces a culture of giving back while moving forward. We don’t answer to shareholders. Rath…
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