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Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $135 per day and long-term for an average of $2,173 per month, based on similar listings in the area. Estimated short-term cap rate of 3.6%. Estimated long-term cap rate of -0.9%. Unbeatable value with over 700 Sqft, this 1BR condo boasts bright east-facing views, work-from-home space, designated dining area, two oversized walk-in closets, parking, a deeded storage unit and all walkable to the Courthouse metro. WHAT MAKES THIS AN EXCEPTIONAL CONDO? Recent updates include BOSCH Dishwasher 2024, microwave 2022, bathroom vanity 2022, blinds 2023, new windows installed in 2013, freshly painted in 2024 and kitchen beautifully renovated with added cabinet and countertop. WHAT MAKES THIS COMMUNITY STAND OUT? The Adams House is a quaint community with peaceful cul-de-sac living, while also situated in a highly walkable location. Amenities include laundry facilities, roof deck, fitness room, parking and storage rooms. The sale includes two parking spaces in the community parking lot and plenty of guest parking, and one large deeded storage unit. All Utilities (electric, gas, water) are included in the condo fee $505. The units do not have water heaters or HVAC units for stress-free home ownership. A PREMIER LOCATION Exceptional location with endless restaurants and bars, fitness studios, shopping, MOM's Organic Market and parks. Stroll to the Courthouse Farmers Market or across the Key Bridge to Georgetown, or jog/bike the Mount Vernon Trail with scenic vistas of the Potomac and Washington. Easy drive to Washington DC, Tysons, Pentagon, Amazon HQ2, two airports, and all major Northern VA commuting routes. INVESTMENT PROPERTY This is an attractive, affordable investment opportunity with the condo having no rental cap and monthly rent projected at $2,000+/month OPEN HOUSES Thursday 5pm-7pm, Saturday 12pm-2pm and Sunday 2pm-4pm
Airbnb Avg Daily | See Full Details |
Occupancy Rate | See Full Details |
Monthly HOA | $505 |
Rental Policy | daily |
Yearly Taxes | $2690 |
Bedrooms | 1 |
Bathrooms | 1 |
SQFT | 712 |
Furnished | N/A |
Year built | 1959 |
Listing Status | Off Market |
MLS | VAAR2055774 |
