
Description
Discover The Saxony Cooperative Apartments, an investors gem situated in dynamic Adams Morgan with views of Rock Creek Park, the National Cathedral and the National Zoo. This tenant-occupied, 600 sq. ft. top floor 1-bedroom, 1-bath unit is leased at $1,850/month starting December 1, 2024, delivering immediate cash flow with a solid 4% cap rate.Inside, a welcoming foyer with a coat closet leads to an expansive 23x21 living/dining area featuring classic parquet flooring. The galley kitchen includes a gas stove, refrigerator, and garbage disposal, maximizing space and functionality. A spacious 15x13 bedroom and adjacent full bath provide a private, comfortable retreat.Enjoy premium building amenities including a rooftop deck with panoramic views, a fitness center, a laundry room, and a bike room. The all-inclusive co-op fee of $788 covers most utilities and building maintenance, making management effortless. Street parking is available, and the location is a short walk to the metro, offering quick access to D.C.s attractions and employment hubs.This turnkey investment in an iconic neighborhood presents reliable rental income and excellent amenities.
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1BEDS
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N/AACRES
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1BATHS
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01/2 BATHS
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726SQFT
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$413$/SQFT
Description
Discover The Saxony Cooperative Apartments, an investors gem situated in dynamic Adams Morgan with views of Rock Creek Park, the National Cathedral and the National Zoo. This tenant-occupied, 600 sq. ft. top floor 1-bedroom, 1-bath unit is leased at $1,850/month starting December 1, 2024, delivering immediate cash flow with a solid 4% cap rate.Inside, a welcoming foyer with a coat closet leads to an expansive 23x21 living/dining area featuring classic parquet flooring. The galley kitchen includes a gas stove, refrigerator, and garbage disposal, maximizing space and functionality. A spacious 15x13 bedroom and adjacent full bath provide a private, comfortable retreat.Enjoy premium building amenities including a rooftop deck with panoramic views, a fitness center, a laundry room, and a bike room. The all-inclusive co-op fee of $788 covers most utilities and building maintenance, making management effortless. Street parking is available, and the location is a short walk to the metro, offering quick access to D.C.s attractions and employment hubs.This turnkey investment in an iconic neighborhood presents reliable rental income and excellent amenities.
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