Rialto in Washington

Name: Sales in Rialto started!
Start: 2020-09-09T08:17:32.103597+00:00
End: 2023-12-31T23:59:59+0000
Location: Rialto

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Property for sale in Rialto — look at the real estate search engine GEOLN.COM. Photo 1

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Project info

Object ID: 9159

Finished at	January 2021
Price, m²	From 6750$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 63.00 m²
Floors	6
Apartments	74
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Reception
Conveniences	Parking Commercial area Kids playground Near school Near kindergarten Near supermarket Nearby subway stations Rhode Island 4 min NoMa – Gallaudet U 4 min Brookland–CUA 6 min Fort Totten 8 min Union Station 9 min Eastern Market 10 min Capitol South 10 min Capitol/South 10 min Navy Yard 12 min Anacostia 15 min Potomac Avenue 19 min Federal Center SW 19 min Federal/Center SW 19 min Judiciary Square 20 min
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Return on investment for apartment

with price

10,110$

Rental income

1,103$

Management

689$

Utilities

505$

5% Income tax

7,813$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	22%	7	40$	280$
February	28	28%	8	40$	320$
March	31	16%	5	42$	210$
April	30	16%	5	50$	250$
May	31	38%	12	50$	600$
June	30	66%	20	55$	1100$
July	31	80%	25	90$	2250$
August	31	80%	25	90$	2250$
September	30	53%	16	75$	1200$
October	31	51%	16	50$	800$
November	30	33%	10	40$	400$
December	31	32%	10	45$	450$
Total	365		159		10110$
Average		42%		55$

Total invested

425,250$

Net profit

7,813$

Payback period

42.1 years

Avg property value increase per year

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About the project

DC’s trendsetting neighborhood along Rhode Island Avenue will soon be home to RIALTO, 74 unique condominium residences just steps from Metro. Industrial-chic architecture merges with contemporary Italian finishes and light-filled spaces. Storage galore, a pet spa for Rover and the perfect rooftop terrace to enjoy a glass of wine after work—Rialto is the modern DC home you seek and will be convenient to the vibrant mixed-use development of the Rhode Island Center Plaza. With all the new restaurants and shops planned for the neighborhood, don’t miss out on the contagious energy and eclectic vibe that will surround you at Rialto.

Developer

We are innovative leaders. Since 2006, we have successfully developed over 40 unique properties that have transformed the landscape, contrib…
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