High-Yield Investment Property, Instant Cash Flow: Secure a premier asset with immediate cash flow potential in one of Washington, D.C.'s high-demand rental markets. This updated 2-bedroom, 1-bathroom condominium offers an exceptional rate of return, projecting a gross annual rental income of $35,400 based on a rental value of $2,950 per… Read More month. Whether you are looking to expand your portfolio or execute a 1031 exchange, this asset delivers both strong immediate yields and long-term historic equity growth, this property delivers an outstanding 9.44% Gross Rate of Return. Coupled with a guaranteed lease transferring through August 2027, this represents a low-risk addition to any real estate portfolio with immediate, high-yield cash flow from day one. Located in sought-after Eckington with close proximity to the metro, this 4th floor unit comes with views of the city and features an open-concept floor plan designed to maximize space and natural light. It comes fully upgraded with brand-new hardwood plank flooring, fresh neutral paint, a kitchen equipped with premium quartz countertops and newer appliances. The low-maintenance, turnkey nature of this property ensures minimized capital expenditures and immediate tenant placement. Current lease transfers to buyer, fully occupied until August 2027 and unit cannot be shown until then. Read Less
Courtesy of Barri McClellan, RLAH @properties 301-652-0643
Listing Snapshot
Days Online
17
Last Updated
Property Type
Condominium
Beds
2
Full Baths
1
Square Ft.
842
Year Built
1925
MLS Number
DCDC2280670
Additional Details
Building
Built in 1925, Living area: 842, Levels: 1, Entry level: 4, Construction Materials: Brick
Cooling
Central A/C
Accessibility Features
2+ Access Exits
Heating
Forced Air
Home Owner's Association
Fee Includes: Common Area Maintenance, Snow Removal, Trash, Water, Amenities: None
Interior Features
Kitchen - Galley
Parking
On-site - Rent, Parking Fee
Pets Policy
Allowed: No Pet Restrictions
Property
Very Good, Other structures: Above Grade, Below Grade
This information is provided exclusively for consumers' personal, non-commercial use; that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by BrightMLS. Information may appear from many brokers but not every listing in BrightMLS is available. This content last updated on .
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