80 New York Ave Nw Unit #402, Washington, DC 20001

$374,900
: 2
BD
: 1
BA
: 842
SqFt

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List Price: $374,900
Days on Market: 0
Status: ACTIVE
MLS#: DCDC2280670
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Living Area: 842
Style: Straight Thru
Year Built: 1925
County: Washington DC
School District: District Of Columbia Public Schools

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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.

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