80 New York Ave NW #402,WASHINGTON, DC 20001
WASHINGTON, DC 20001
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.
Details
| MLS # | DCDC2280670 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Building Name | Old City 2 |
| HOA Dues | $524 |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1925 |
| Days On Site | 9 |
| Listing Provided By | RLAH @properties | Barri McClellan |
Features
| Bed(s) | 2 |
|---|---|
| Bath(s) | 1 Total |
| SQ Feet | 842 |
| Story(s) | 1 |
| Zoning | RESIDENTIAL |
Interior
| Cooling | Central A/C |
|---|---|
| Heating Yes / No | Yes |
| Heating | Forced Air |
| Interior Features | Kitchen - Galley |
Exterior
| Construction Materials | Brick |
|---|
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | On-site - Rent, Parking Fee |
Taxes
| Tax Annual Amount | 2751 |
|---|
Area Information
| State | DC |
|---|---|
| County | WASHINGTON DC |
| City | WASHINGTON |
| Zip Code | 20001 |
| Area | WASHINGTON DC |
| Community Name | CONVENTION CENTER |
| School District | DISTRICT OF COLUMBIA PUBLIC SCHO |
| Listing VS Median (in CONVENTION CENTER) | |
Price: $374,900 low | high Med: $188,700 sqft: 842 low | high Med: 771 $ / sqft: $445 low | high Med: $224 On site: 9 low | high Med: 34 | |
Market Activity 20001
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Learn More About This Property
| State | DC |
|---|---|
| County | WASHINGTON DC |
| City | WASHINGTON |
| Zip Code | 20001 |
| Area | WASHINGTON DC |
| Community Name | CONVENTION CENTER |
| School District | DISTRICT OF COLUMBIA PUBLIC SCHO |
| Listing VS Median (in CONVENTION CENTER) | |
Price: $374,900 low | high Med: $188,700 sqft: 842 low | high Med: 771 $ / sqft: $445 low | high Med: $224 On site: 9 low | high Med: 34 | |
