Discover The Saxony Cooperative Apartments, an investor’s gem situated in dynamic Adams Morgan with views of Rock Creek Park, the National Cathedral and the National Zoo. This tenant-occupied, 600 sq. ft. top floor 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.
Listed by:
Realty ONE Group Capital
Source:
BRIGHT MLS
Date | Days Ago | Event | New Price |
---|---|---|---|
Feb 25, 2025 | 3 mos ago | Price decreased50,000 (17%) | $250,000 |
Dec 14, 2024 | 5 mos ago | Price decreased15,000 (5%) | $300,000 |
Nov 3, 2024 | 6 mos ago | New on market | $315,000 |