Discover The Saxony Cooperative Apartments, an investor’s gem situated in dynamic Adams Morgan with views of Rock Creek Park and the National Zoo. This tenant-occupied, 600 sq. ft. 1-bedroom, 1-bath unit is leased at $1,850/month starting December 1, 2024, delivering immediate cash flow with a solid 4% cap rate.
Inside, a welcoming foyer with a coat closet leads to an expansive 23x21 living/dining area featuring classic parquet flooring. The galley kitchen includes a gas stove, refrigerator, and garbage disposal, maximizing space and functionality. A spacious 15x13 bedroom and adjacent full bath provide a private, comfortable retreat.
Enjoy premium building amenities including a rooftop deck with panoramic views, a fitness center, a laundry room, and a bike room. The all-inclusive co-op fee of $788 covers most utilities and building maintenance, making management effortless. Street parking is available, and the location is a short walk to the metro, offering quick access to D.C.’s attractions and employment hubs.
This turnkey investment in an iconic neighborhood presents reliable rental income and excellent amenities.
The income description goes here to explain
List Price | $315,000 |
Property Type | Single Family Homes |
Usable Sqft | 600 |
Number of Stories | 0 stories |
Parking Spots | 0 spots |
Year Built | 1950 |
Last Sold | Unknown |
Sold Price | Unknown |
Association Name: | The Saxony |
Association Amenities: | Concierge,Community Center,Exercise Room,Laundry Facilities,Fitness Center,Elevator,Other, Water,Trash,Common Area Maintenance,Reserve Funds,Underlying Mortgage,Gas,Ext Bldg Maint,Custodial Services Maintenance,Sewer,Snow Removal,Taxes,Lawn Maintenance |
APN # | 2586//0814 |
MLS # | DCDC2167164 |
Property ID | 321017486 |
Lot Sqft | Unknown |
Zoning | RA-2 |
Total Units | 161 |
Days on Market | 20 |
Original List Price | Unknown |
Date Updated | November 03, 2024 |
Date Created | November 02, 2024 |
John J Akhavan an agent of . Lic #SP98369525
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2708 Wilshire Blvd #197
Santa Monica, CA 90403
California ## 01956587
Florida #CQ1065233
Robert Crawford
REAL ESTATE AGENT