Anons,
For anyone close to Washington D.C. Ben Sasse purchased a Townhouse at 403 Constitution Avenue, NE. Be advised the Address has 3 Apartments but he bought the building for $926.000. That price seems a little low especially for Washington D.C. Wonder who gave him a deal. Digging now.
https://omaha.com/state-and-regional/ben-sasse-buys-d-c-town-house-for-926-000-plans-to-rent-it-out/article_0cbef738-c402-11e7-bbcf-3b2d9bf0f025.html
Nope. See the Link above.
The most I could find that this sold for was 1.3 million and that was when it was a 3 bed 3 bath. Now it is 3 one bed one bath Apts.
Also I found that 300k was spent to convert to 3 apts. so that would make the price to sale about 1.6 Million. but he got it for 926.000. Makes you wonder !!
Info on the Property
Property Overview - Community, Convenience, Character…and Cash-Flow come together in this renovated, re-designed and versatile Victorian Bay Front currently configured as 3 separate Units. The house has a Certificate of Occupancy as a 3 unit but could be converted as well into a 2-level Owners-Unit and a separate, basement rental unit. The Main Level and Lower Level are both 1BR/1BA units and the upper level is a 1BR+Den/1BA unit. The current owner has used the building as a mix of personal use, short-term rental and long-term rental. Over $330K of improvements, repairs, and renovations in the last 3 years include extensive structural/foundation work, new roof, new floors, new kitchens, new bathrooms, new split AC system on first floor, updated fixtures & finishes, Hardie Board plank siding in rear exterior and more. Out back is a fenced-in rear deck and brick patio with access to 4th Street. Just 2 blocks to East Capitol Street, the Capitol Complex, and Stanton Park, this house is walking/biking distance to life and so close, convenient to Union Station, Eastern Market, PA/Mass Avenues, NoMa, downtown DC, and myriad parks, retail & restaurants of close-in Capitol Hill. Property is vacant and can be shown anytime.Ballpark numbers by level when owners rent out (Note: owners sometimes live in the upper two levels)~Basement (one an annual basis) ~ $2, 300/month Middle (usually on a weekly or monthly basis) ~ $4, 200/month Upper (usually on a weekly or monthly basis) ~ $5, 400/month
Sasse bought that after the remodel.
I just found the Real Estate Agency that was selling it but I don't have a date for when they sold it. See the link below.
https://www.realtor.com/realestateandhomes-detail/403-Constitution-Ave-NE_Washington_DC_20002_M53613-35140#photo40
When you get there scroll down farther. Sasse bought for 926.000 and sold in 2020 for 1.3 million. Shit the Omaha Newspaper was wrong Where did he get 330.000 to turn into apts. ??