2401 H Street NW Unit 509, Washington, DC 20037

USD 364,900
For Sale MLS: DCDC2267856

Property Details

Bathrooms

1

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.

PROPERTY DETAILS: Square Feet: 618 | Bathrooms: 1

INTERIOR FEATURES: • Square Footage (approx): 618 Sq. Ft. Above Ground, Sq. Ft. Below Ground • Appliances: Gas Range, Gas Oven, Dishwasher, Disposal, Stainless Steel Appliance(s), Refrigerator, Microwave, Instant Hot Water • Cooling: Electric • Heating: Electric Heating • Common Walls: 2+ Common Walls • Accessibility: Accessible Elevator Installed

EXTERIOR FEATURES: • Parking: None. • Exterior: Brick • Pool Description: None • Zoning: 017

LISTING AGENT: Agent: Val Gathani | Office: LPT Realty, LLC | Phone: 2025563977 | Email: [email protected]

LISTING INFORMATION: MLS#: DCDC2267856 | Status: FOR SALE

Location

Address

2401 H Street NW Unit 509

City

Washington

Features and Finishes

Interior Features:

• Square Footage

(approx): 618 Sq. Ft. Above Ground, Sq. Ft. Below Ground

• Appliances: Gas Range, Gas Oven, Dishwasher, Disposal, Stainless Steel Appliance(s), Refrigerator, Microwave, Instant Hot Water

• Cooling: Electric

• Heating: Electric Heating

• Common Walls: 2+ Common Walls

• Accessibility: Accessible Elevator Installed

Exterior Features:

• Parking: None.

• Exterior: Brick

• Pool Description: None

• Zoning: 017

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