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Nicole Neff

nicole@nicoleneff.com +1(267) 992-6876

Listed by Barri McClellan • RLAH @properties

$ 374,900

Est. payment | -/mo

2 Beds

1 Bath

842 SqFt

Save

$ 374,900

Est. payment | -/mo

Save

2 Beds

1 Bath

842 SqFt

Key Details

Property Type Condo

Sub Type Condo/Co-op

Listing Status Active

Purchase Type For Sale

Square Footage 842 sqft

Price per Sqft $445

Subdivision Convention Center

MLS Listing ID DCDC2280670

Style Straight Thru

Bedrooms 2

Full Baths 1

Condo Fees $524/mo

HOA Y/N N

Abv Grd Liv Area 842

Year Built 1925

Annual Tax Amount $2,751

Tax Year 2026

Property Sub-Type Condo/Co-op

Source BRIGHT

Property Description

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 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.

Location

State DC

County Washington

Zoning RESIDENTIAL

Rooms

Main Level Bedrooms 2

Interior

Interior Features Kitchen - Galley

Hot Water Electric

Heating Forced Air

Cooling Central A/C

Fireplace N

Heat Source Electric

Laundry Common

Exterior

Amenities Available None

Water Access N

Accessibility 2+ Access Exits

Garage N

Private Pool No

Building

Story 1

Unit Features Mid-Rise 5 - 8 Floors

Above Ground Finished SqFt 842

Sewer Public Sewer

Water Public

Architectural Style Straight Thru

Level or Stories 1

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District District Of Columbia Public Schools

Others

Pets Allowed Y

HOA Fee Include Common Area Maintenance,Snow Removal,Trash,Water

Senior Community No

Tax ID 0619//2079

Ownership Other

SqFt Source 842

Acceptable Financing Conventional, Cash

Listing Terms Conventional, Cash

Financing Conventional,Cash

Special Listing Condition Standard

Pets Allowed No Pet Restrictions

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(267) 992-6876

nicole@nicoleneff.com

4 Bluff Viewnull, Medford, New Jersey 08055, USA

80 NEW YORK AVE NW #402 Washington, DC 20001