2401 H St NW #509,WASHINGTON, DC 20037
WASHINGTON, DC 20037
Description
Turn-key, high-yield investor opportunity in the absolute heart of Downtown Washington, D.C. This premium two-bedroom, one-bathroom condominium offers immediate, guaranteed cash flow with a reliable tenant in place through July 2027 paying $3,400 per month. New owners will earn $40,800 in guaranteed gross rent during their very first year of ownership with the existing tenancy conveying seamlessly at settlement. This unit represents a lucrative, hands-off investment with massive built-in upside, as the current rent is heavily underpriced for the immediate area. The clear path to future equity is fully documented, as a listing agent has recently leased neighboring units 809, 715, 306, 805, 703, and 702 for $3,850 per month each, with full rent rolls readily available for investor verification. Inside, the condo features stylish, light-filled interior assets that appeal to high-quality renters. The kitchen was recently renovated and comes fully equipped with premium stainless-steel appliances and sleek, modern cabinetry. Timeless character runs throughout the main living spaces, highlighted by beautiful original parquet flooring. The bathroom is clean, crisp, and exceptionally light-filled. Both spacious bedrooms boast massive, wall-to-wall wide windows that flood the rooms with natural light and offer vibrant city street views. The building boasts an unbeatable, premium location that ensures an endless stream of institutional and professional tenants. It sits just half a block from the Foggy Bottom Metro Station, granting instant access to the Blue, Orange, and Silver lines. It is also uniquely positioned on the very same block as George Washington University's Amsterdam Hall, and just two blocks from the GW Science and Engineering Building and Whole Foods. Residents can enjoy an effortless walk to the U.S. State Department, the IMF, the World Bank, Trader Joe's, and the GW Law School. Best of all, this prime real estate is located only half a mile from the White House and the iconic National Mall, making it a rare and unbeatable addition to any real estate portfolio.
Details
| MLS # | DCDC2267856 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| HOA Dues | $921 |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1960 |
| Days On Site | 85 |
| Listing Provided By | LPT Realty, LLC | Vishal Gathani |
Features
| Bed(s) | 2 |
|---|---|
| Bath(s) | 1 Total |
| SQ Feet | 618 |
| Story(s) | 1 |
| Zoning | 017 |
Interior
| Cooling | Convector |
|---|---|
| Heating Yes / No | Yes |
| Heating | Convector |
| Appliances | Built-In Microwave, Dishwasher, Disposal, Oven/Range - Gas, Stainless Steel Appliances, Refrigerator |
Exterior
| Construction Materials | Brick |
|---|
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 2256.16 |
|---|
Area Information
| State | DC |
|---|---|
| County | WASHINGTON DC |
| City | WASHINGTON |
| Zip Code | 20037 |
| Area | WASHINGTON DC |
| Community Name | FOGGY BOTTOM |
| School District | DISTRICT OF COLUMBIA PUBLIC SCHO |
| Listing VS Median (in FOGGY BOTTOM) | |
Price: $339,900 low | high Med: $255,000 sqft: 618 low | high Med: 600 $ / sqft: $550 low | high Med: $425 On site: 85 low | high Med: 180 | |
Market Activity 20037
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Learn More About This Property
| State | DC |
|---|---|
| County | WASHINGTON DC |
| City | WASHINGTON |
| Zip Code | 20037 |
| Area | WASHINGTON DC |
| Community Name | FOGGY BOTTOM |
| School District | DISTRICT OF COLUMBIA PUBLIC SCHO |
| Listing VS Median (in FOGGY BOTTOM) | |
Price: $339,900 low | high Med: $255,000 sqft: 618 low | high Med: 600 $ / sqft: $550 low | high Med: $425 On site: 85 low | high Med: 180 | |
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