INVESTOR ALERT - BUY/HOLD OPPORTUNITY. This 1-bed/1-bath condo at 721 Brandywine St SE, Unit 102 is tenant-occupied and cash-flowing from day one. The tenant is paying $1,410/month on a 1-year lease. At the $135,000 list price, the gross rent yield is approximately 12.5%. After the condo fee of $352.42/month (covers water and building maintenance), the net yield is approximately 9.4%. That's a strong return for a stabilized DC rental with no lease-up risk.The unit is 571 sq ft and lives well. Hardwood-style laminate floors run through the living room and hallway. The galley kitchen has dark granite counters, wood cabinets, and a full appliance package. The bathroom has classic black-and-white penny tile, a soaking tub, and two windows. The bedroom gets natural light and has a closet. In-unit stacked washer/dryer is included. So is a parking lot space.Condo fee is $352.42/month and covers water and basic building maintenance. Built in 1953. Southeast DC location near Anacostia and the Suitland Pkwy corridor.For an investment review or private showing, contact Troy Patterson, TTR Sotheby's International Realty.
INVESTOR ALERT - BUY/HOLD OPPORTUNITY. This 1-bed/1-bath condo at 721 Brandywine St SE, Unit 102 is tenant-occupied and cash-flowing from day one. The tenant is paying $1,410/month on a 1-year lease. At the $135,000 list price, the gross rent yield is approximately 12.5%. After the condo fee of $352.42/month (covers water and building maintenance), the net yield is approximately 9.4%. That's a strong return for a stabilized DC rental with no lease-up risk.The unit is 571 sq ft and lives well. Hardwood-style laminate floors run through the living room and hallway. The galley kitchen has dark granite counters, wood cabinets, and a full appliance package. The bathroom has classic black-and-white penny tile, a soaking tub, and two windows. The bedroom gets natural light and has a closet. In-unit stacked washer/dryer is included. So is a parking lot space.Condo fee is $352.42/month and covers water and basic building maintenance. Built in 1953. Southeast DC location near Anacostia and the Suitland Pkwy corridor.For an investment review or private showing, contact Troy Patterson, TTR Sotheby's International Realty.
Neighborhood
Type
Total Baths
County
Washington
HOA Dues
$348/mo
Tax Amount
$957
Status
Active
Listing #
DCDC2260720
Built
1953
Listed on site
20 days
Listing Agent Id
121136759359