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Old 11-15-2018, 08:38 PM
 
125 posts, read 140,140 times
Reputation: 52

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Anyone know about the wilson bridge apartments off of route 210. These are so much cheaper than any of the sorrounding area. Are they worth investing in and renting out?


https://www.redfin.com/MD/Oxon-Hill/.../home/12486613
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Old 11-16-2018, 06:46 AM
 
170 posts, read 161,958 times
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Possibly, but consider the following:

(1) The apartments near the Wilson Bridge are, rightly or wrongly, given an extraordinarily bad reputation. Past incidents of fire and occasional graffiti do not help.
(2) Strong bias by the generally middle/upper class residents in the surrounding area generally shun the apartments. This is based on my personal discussions with residents, so I will caveat that this bullet is subject to limited sampling bias.
(3) Depending on the complex, the maintenance fee can be a lot when you compare it to the market rate for rent in that immediate area.
(4) Difficulty reselling apartments. Despite being 'cheap' to purchase, there are always stock available on the market. Investors generally steer clear, which is extraordinary given that it is a stone throw away from DC proper and MGM National Harbor.
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Old 11-16-2018, 09:01 PM
 
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I would avoid them.
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Old 11-17-2018, 07:09 PM
 
125 posts, read 140,140 times
Reputation: 52
Thanks Jalux. It makes sense. Condos are indeed much harder to manage i think.
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