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Marina Askaryar

marinaa@chamberstheory.com +1(202) 922-9128

Listed by Val Gathani • LPT Realty, LLC

$ 364,900

Est. payment | -/mo

2 Beds

1 Bath

618 SqFt

Save

$ 364,900

Est. payment | -/mo

Save

2 Beds

1 Bath

618 SqFt

Key Details

Property Type Condo

Sub Type Condo/Co-op

Listing Status Active

Purchase Type For Sale

Square Footage 618 sqft

Price per Sqft $590

Subdivision Foggy Bottom

MLS Listing ID DCDC2267856

Style Unit/Flat

Bedrooms 2

Full Baths 1

Condo Fees $921/mo

HOA Y/N N

Abv Grd Liv Area 618

Year Built 1960

Annual Tax Amount $2,256

Tax Year 2027

Property Sub-Type Condo/Co-op

Source BRIGHT

Property Description

Turn-key, high-yield investor opportunity in the absolute heart of Downtown Washington, D.C. This premium two-bedroom, one-bathroom condominium offers immediate, guaranteed cash flow with a reliable tenant in place through July 2027 paying $3,400 per month. New owners will earn $40,800 in guaranteed gross rent during their very first year of ownership with the existing tenancy conveying seamlessly at settlement. This unit represents a lucrative, hands-off investment with massive built-in upside, as the current rent is heavily underpriced for the immediate area. The clear path to future equity is fully documented, as a listing agent has recently leased neighboring units 809, 715, 306, 805, 703, and 702 for $3,850 per month each, with full rent rolls readily available for investor verification.Inside, the condo features stylish, light-filled interior assets that appeal to high-quality renters. The kitchen was recently renovated and comes fully equipped with premium stainless-steel appliances and sleek, modern cabinetry. Timeless character runs throughout the main living spaces, highlighted by beautiful original parquet flooring. The bathroom is clean, crisp, and exceptionally light-filled. Both spacious bedrooms boast massive, wall-to-wall wide windows that flood the rooms with natural light and offer vibrant city street views.The building boasts an unbeatable, premium location that ensures an endless stream of institutional and professional tenants. It sits just half a block from the Foggy Bottom Metro Station, granting instant access to the Blue, Orange, and Silver lines. It is also uniquely positioned on the very same block as George Washington University's Amsterdam Hall, and just two blocks from the GW Science and Engineering Building and Whole Foods. Residents can enjoy an effortless walk to the U.S. State Department, the IMF, the World Bank, Trader Joe's, and the GW Law School. Best of all, this prime real estate is located only half a mile from the White House and the iconic National Mall, making it a rare and unbeatable addition to any real estate portfolio.

Location

State DC

County Washington

Zoning 017

Direction North

Rooms

Main Level Bedrooms 2

Interior

Hot Water Instant Hot Water

Heating Convector

Cooling Convector

Equipment Built-In Microwave, Dishwasher, Disposal, Oven/Range - Gas, Stainless Steel Appliances, Refrigerator

Appliance Built-In Microwave, Dishwasher, Disposal, Oven/Range - Gas, Stainless Steel Appliances, Refrigerator

Heat Source Electric

Exterior

Amenities Available Concierge, Elevator, Laundry Facilities

Water Access N

Accessibility Elevator

Garage N

Building

Story 1

Unit Features Mid-Rise 5 - 8 Floors

Above Ground Finished SqFt 618

Sewer Public Septic, Public Sewer

Water Community, Public

Architectural Style Unit/Flat

Level or Stories 1

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District District Of Columbia Public Schools

Others

Pets Allowed N

HOA Fee Include Common Area Maintenance,Custodial Services Maintenance,Ext Bldg Maint,Electricity,Gas,Management,Pest Control,Sewer,Snow Removal,Trash,Water,Taxes

Senior Community No

Tax ID 0030//2054

Ownership Condominium

SqFt Source 618

Special Listing Condition Standard

Nearby Locations

"My job is to help clients find properties that meet their wants and needs, and to ensure the transaction is executed seamlessly! "

+1(202) 922-9128

marinaa@chamberstheory.com

2401 H ST NW #509 Washington, DC 20037