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.
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Listing Snapshot
Price
$339,900
Days On Site
113 Days
Bedrooms
2
Inside Area (SqFt)
618 sqft
Total Baths
1
Full Baths
1
Partial Baths
N/A
Lot Size
N/A
Year Built
1960
MLS® Number
DCDC2267856
Status
Active
Property Tax
$2,256.16
HOA/Condo/Coop Fees
$921 monthly
Sq Ft Source
Estimated
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Recent Activity
2 months ago
Price changed to $339,900
2 months ago
Listing updated with changes from the MLS®
4 months ago
Listing first seen on site
General Features
Direction Faces
North
Levels
One
Parking
None
Pets
No
Property Sub Type
Condominium
Sewer
Septic TankPublic Sewer
Special Circumstances
Standard
SqFt Above
618
SqFt Total
618
Style
Unit/Flat
Water Source
Public
Zoning
017
Interior Features
Appliances
Gas RangeGas OvenDishwasherDisposalStainless Steel Appliance(s)RefrigeratorMicrowaveInstant Hot Water
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