950 25TH Street NW , 517N

Description

Welcome to 517N at The Claridge House, an investor-friendly one-bedroom building in the heart of Foggy Bottom, currently leased at $2,500 per month with a tenant in place through June 2027, providing immediate, uninterrupted rental income from day one. The Claridge House allows owners to lease their units with a six-month minimum lease, making it an excellent opportunity for 1031 exchange buyers, investors looking to expand their Washington, DC portfolio, or buyers planning for future owner occupancy. In-unit maintenance program provided by the building makes this a perfect turnkey opportunity.Inside, updated flooring flows throughout the home while oversized windows in both the living room and bedroom fill the space with natural light. A hallway lined with generous closets on both sides provides exceptional storage, allowing the home to live larger than its footprint. Laundry is conveniently located just steps away on the same floor, with an additional laundry facility downstairs.Residents enjoy a full suite of amenities including a 24-hour front desk, fitness center, rooftop pool with panoramic views of Georgetown and Rosslyn, business center, Wi-Fi in common areas, community room, courtyard with grills and seating areas, on-site rental parking, and a pet-friendly policy that further enhances the property's appeal.Ideally located near George Washington University, Foggy Bottom Metro, the West End, Georgetown, the U.S. State Department, the International Monetary Fund (IMF), the World Bank, Whole Foods, Trader Joe's, the Potomac River, and countless restaurants, shops, parks, and everyday conveniences, this location offers exceptional accessibility to many of Washington, DC's most desirable destinations.An additional financial advantage is the assumable underlying mortgage, resulting in a net purchase price of $217,570.56. Current monthly expenses include operating fees of $979.82, real estate taxes of $129.40, insurance of $34.61, and the underlying cooperative mortgage payment of $176.20, for a total monthly fee of $1,320.03.With an established tenant generating $2,500 per month in rental income through June 2027, an assumable underlying mortgage, investor-friendly leasing policies, and a premier Foggy Bottom location, 517N presents a compelling opportunity for investors, 1031 exchange buyers, and anyone seeking a well-positioned Washington, DC real estate investment.