2 Beds
1 Bath
764 SqFt
2 Beds
1 Bath
764 SqFt
Key Details
Property Type Condo
Sub Type Condo/Co-op
Listing Status Active
Purchase Type For Sale
Square Footage 764 sqft
Price per Sqft $183
Subdivision Deanwood
MLS Listing ID DCDC2270570
Style Traditional
Bedrooms 2
Full Baths 1
Condo Fees $465/mo
HOA Y/N N
Abv Grd Liv Area 764
Year Built 1963
Available Date 2026-07-22
Annual Tax Amount $1,349
Tax Year 2025
Lot Size 1,036 Sqft
Property Sub-Type Condo/Co-op
Source BRIGHT
Property Description
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.
Location
State DC
County Washington
Zoning R-1
Rooms
Basement Other
Main Level Bedrooms 2
Interior
Hot Water Natural Gas
Heating Central
Cooling Central A/C
Heat Source Electric
Exterior
Water Access N
Accessibility None
Garage N
Building
Story 1
Unit Features Garden 1 - 4 Floors
Above Ground Finished SqFt 764
Sewer Private Sewer
Water Public
Architectural Style Traditional
Level or Stories 1
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Pets Allowed Y
Senior Community No
Tax ID 5084//2009
Ownership Fee Simple
SqFt Source 764
Acceptable Financing Cash, Private
Listing Terms Cash, Private
Financing Cash,Private
Special Listing Condition Standard
Pets Allowed No Pet Restrictions
Nearby Locations
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REALTOR® | Lic# RS271482