$ 374,900
-
$374,900
Price -
2
Bed -
1
Bath -
842
SqFt
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About the Listing RLAH1 - 3047828
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.
Listing Highlights
Status
Active
Days on Site
28
Property Type
Condo
MLS ®
DCDC2280670
Year Built
1925
Total Square Footage
842
County
Washington
Building Name
Old City 2
Neighborhood
Convention Center
HOA Dues
524/Monthly
School District
District Of Columbia Public Schools
Interior Details
- Bedrooms: 2
- Bathrooms: 1 Full
- Appliances:
- Air Cond: Central A/C
- Heating: Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 842
- Basement:
- Other: Kitchen - Galley,No Pet Restrictions,Pets Allowed,Main Floor Bedrooms: 2
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No,In City Limits
- Garage Capacity: N/A
- Zoning: RESIDENTIAL
- Roof:
- Others: Very Good,Common Area Maintenance,Snow Removal,Trash,Water
- Sewer: Public Sewer
- Parking Features: On-site - Rent,Parking Fee,Parking Lot,On Street
Financial Details
- Tax Amount: $2,751
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2026
Payment Calculator
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Questions About..
80 New York Ave NW Unit 402 Washington, DC 20001
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