$ 140,000
-
$140,000
Price -
2
Bed -
1
Bath -
764
SqFt
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About the Listing REKL1 - 3217440
**Cash purchase only** INVESTOR ALERT! Immediate Cash Flow | Tenant in Place | Future Rent Upside Immediate cash flow from day one! Tenant-occupied 2BR/1BA condo generating $1,500/month with a reliable tenant in place through January. Below-market rent offers built-in upside at lease renewal, creating an opportunity to increase future revenue. Recently refreshed interior, assigned off-street parking, private storage, in-unit washer and dryer, secure building, and just minutes to Deanwood Metro. Cash purchase only. This is an outstanding opportunity for investors seeking immediate income with long-term appreciation potential. Located in a secure, professionally managed 14-unit condominium building, this well-maintained condo offers the ideal combination of stable cash flow and low-maintenance ownership. The current tenant has an excellent payment history, allowing you to purchase with confidence and begin collecting rental income immediately. Recently refreshed interior features a modern kitchen and renovated bathroom, along with the convenience of an in-unit washer and dryer. Additional value-added amenities include assigned off-street parking, a private storage unit, and a pet-friendly community, helping attract and retain quality tenants. The condo fee includes water, keeping operating expenses more predictable. Ideally situated just minutes from the Deanwood Metro Station (Orange Line), Metrobus routes, Route 50, I-295, and the Baltimore-Washington Parkway, residents enjoy easy access to Downtown Washington, DC, Capitol Hill, Maryland, and Northern Virginia. Shopping, restaurants, parks, and everyday conveniences are all nearby, supporting strong rental demand in this growing Northeast DC neighborhood. Whether you're expanding your rental portfolio, completing a 1031 Exchange, or searching for a turnkey investment with immediate income and future upside, this property delivers. Investment Highlights Immediate rental income at closing Current rent: $1,500/month Reliable tenant with an excellent payment history Below-market rent with future income growth potential Updated kitchen and renovated bathroom In-unit washer and dryer Assigned off-street parking Private storage unit Secure building access Pet-friendly community Water included in the condo fee Minutes to Deanwood Metro, Metrobus, Route 50, I-295, and BW Parkway Cash purchase only. Existing lease through January must be honored. A rare opportunity to acquire a performing investment property with immediate cash flow and the potential for increased returns.
Listing Highlights
Status
Active
Days on Site
40
Property Type
Condo
MLS ®
DCDC2270570
Year Built
1963
Total Square Footage
764
Lot/Acreage
N/A
County
Washington
Neighborhood
Deanwood
HOA Dues
476/Monthly
School District
District Of Columbia Public Schools
Interior Details
- Bedrooms: 2
- Bathrooms: 1 Full
- Appliances:
- Air Cond: Central A/C
- Heating: Central
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 764
- Below Ground Sq Ft: 0
- Basement:
- Other: 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: R-1
- Roof:
- Others: All Ground Fee,Common Area Maintenance,Management,Trash,Water
- Sewer: Private Sewer
- Parking Features: Parking Lot
Financial Details
- Tax Amount: $1,349
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
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Questions About..
4124 Ames St NE Unit 203 Washington, DC 20019
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