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Property 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.

Overview

Property Status
For Sale
MLS ID
DCDC2280670
Property Type
Condo
Year Built
1925

Features & Amenities

Total Area
842 Sq.Ft.
Neighborhood
Northwest Washington
Architecture Styles
Straight Thru
Stories
1
Water Source
Public
Pool
No Pool
Parking
Parking Lot, On Street
Heat Type
Forced Air
Air Conditioning
Central A/C
Laundry Room
Common
Other Interior Features
Kitchen - Galley
Sewer
Public Sewer
Disability Features
2 Access Exits
HOA Amenities
None
School District
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Sales Price
$374,900
Real Estate Tax
$2,751/yr
Zoning
RESIDENTIAL

Downloads

80 NEW YORK AVENUE NW Unit: 402

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Thank you

for your interest in 80 NEW YORK AVENUE NW Unit: 402, WASHINGTON, DC 20001

80 NEW YORK AVENUE NW Unit: 402
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Two-story home with upper balconies, a brick chimney, and colorful landscaped gardens.

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