Move-In Ready Petworth Condo - Now $219,995! Discover your perfect DC home or investment at Unit #202, a bright 1-bedroom, 1-bath condo in vibrant Petworth. Priced at $219,995, this turnkey gem offers modern comfort, low-maintenance living, and $1,950-$2,000/month rental potential ( 7.7% cap rate) for first-time buyers or investors.
Step into a sun-soaked open-concept living and dining space, freshly painted with south-facing windows that flood the room with natural light, perfect for renters or personal enjoyment. The modern kitchen features granite countertops, stainless steel appliances, and smart cabinetry, ideal for everyday cooking or hosting. The spacious bedroom, overlooking a quiet courtyard, offers a full wall of closets for ample storage. A renovated bathroom with sleek, hotel-style fixtures adds a touch of luxury.
Key Upgrades for Hassle-Free Ownership:
-New HVAC and hot water heater for year-round comfort and efficiency.
-In-unit washer/dryer for tenant convenience and low maintenance.
-New video entry system connects to your smartphone for secure, modern access.
-Professionally managed building ensures peace of mind for owners and tenants.
Investor Highlights:
-High Rental Demand: Petworth's 3.5% vacancy rate and proximity to Georgia Ave-Petworth Metro (Green/Yellow Line) guarantee consistent tenant interest, with 1-bedroom rents at $1,950-$2,000/month.
-Strong ROI: At $219,995, achieve a 7.7% cap rate and 7.1% cash-on-cash return (20% down), outperforming many DC condos. Ideal for 1031 exchanges or house hacking.
-Low Maintenance - Turnkey Ready: Recent upgrades mean no immediate repairs, maximizing cash flow.
Prime Location: Steps from La Coop Coffee, Brightwood Pizza & Bottle, ANXO Cidery, Safeway, and Walmart. Enjoy Rock Creek Park for outdoor escapes and reach downtown DC in minutes. Petworth's vibrant, walkable vibe and transit access make this condo a renter's dream and an investor's delight.
Priced to sell, this condo blends urban charm with unbeatable value. Schedule a tour today and make Petworth your home or next investment!"
