Description
Income-Producing Condo – Strong Cash Flow in District HeightsTenant-occupied 1-bedroom condo currently generating $1,725/month (month-to-month lease), offering immediate income for investors.Priced at $99,000, this property provides strong rental performance and long-term hold potential.Estimated market value is approximately $125,000, with opportunity for light cosmetic improvements (paint, flooring, minor updates) to enhance overall value and tenant appeal.Investment Highlights:Current rent: $1,725/monthStrong rent-to-price ratioProjected 7–8% cap rate based on typical operating expensesPotential 18–20% cash-on-cash return depending on financing structureFunctional and income-producing as-is, making this ideal for buy-and-hold investors seeking stable monthly cash flow.Conveniently located near major commuter routes, shopping, and public transportation.Call us today to place your offer and add this asset to your portfolio.
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2BEDS
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0.06ACRES
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1BATHS
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01/2 BATHS
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886SQFT
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$102$/SQFT
Description
Income-Producing Condo – Strong Cash Flow in District HeightsTenant-occupied 1-bedroom condo currently generating $1,725/month (month-to-month lease), offering immediate income for investors.Priced at $99,000, this property provides strong rental performance and long-term hold potential.Estimated market value is approximately $125,000, with opportunity for light cosmetic improvements (paint, flooring, minor updates) to enhance overall value and tenant appeal.Investment Highlights:Current rent: $1,725/monthStrong rent-to-price ratioProjected 7–8% cap rate based on typical operating expensesPotential 18–20% cash-on-cash return depending on financing structureFunctional and income-producing as-is, making this ideal for buy-and-hold investors seeking stable monthly cash flow.Conveniently located near major commuter routes, shopping, and public transportation.Call us today to place your offer and add this asset to your portfolio.
©2026 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Kristin Miller Team of Northrop Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2026-06-07T09:55:52.93.