Exceptional investment opportunity in the sought-after Observatory Circle neighborhood! Priced at just $179,000—below the current tax assessment—this bright studio condominium is being sold subject to an existing lease through August 2027, providing immediate rental income, with additional upside from the separately deeded parking space. Rare for an efficiency, this unit includes both a private balcony and an assigned parking space, features that enhance tenant appeal and long-term value. Ideally located on Wisconsin Avenue just steps from the National Cathedral and minutes to Georgetown, American University, Glover Park, Cathedral Commons, and downtown Bethesda, the building offers a secure lobby, concierge, elevator, on-site laundry facilities, and extra storage space. Inside, the efficient floor plan features a kitchen, an enclosed bath and water closet with a separate sink area, a generous closet, and an open living and sleeping area with flexible furniture placement. A wall of windows fills the home with natural light, while a large, private balcony provides desirable outdoor living space. The condominium fee includes all utilities except internet, helping simplify ownership and budgeting. Public transportation is at your doorstep with Metrobus service along Wisconsin Avenue providing convenient access to the Tenleytown-AU and Woodley Park Metro stations, while Whole Foods, Trader Joe's, Giant, restaurants, shopping, and neighborhood parks are all nearby. A turnkey investment in one of Northwest DC's most desirable rental locations with immediate cash flow and excellent long-term potential. Furnishings excluding tenants effect convey.
20 days
|
199
|
10
|
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Kris Walker703-981-7802,
KW United,
Listing Team: The Walker Team, Co-Listing Team: The Walker Team,Co-Listing Agent: Gordon Southard540-921-7673,
KW United
Source: Bright MLS,MLS#: DCDC2275048
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 0
Bathrooms: 1
Full bathrooms: 1
Main level bathrooms: 1
Heating
Forced Air, Natural Gas
Cooling
Central Air, Electric
Appliances
Included: Cooktop, Refrigerator, Disposal, Gas Water Heater
Features
Bathroom - Tub Shower, Combination Dining/Living, Elevator
Flooring: Wood
Has basement: No
Has fireplace: No
Interior area
Total structure area: 446
Total interior livable area: 446 sqft
Finished area above ground: 446
Property
Parking
Total spaces: 1
Parking features: Paved, Parking Fee, Off Street
Accessibility
Accessibility features: Accessible Elevator Installed
Features
Levels: One
Stories: 1
Exterior features: Balcony
Pool features: None
Lot
Features: Unknown Soil Type
Details
Additional structures: Above Grade
Parcel number: 1930//2082
Zoning: RA-4
Special conditions: Standard
Construction
Type & style
Home type: Condo
Architectural style: Mid-Century Modern
Property subtype: Condominium
Attached to another structure: Yes
Materials
Brick, Block
Condition
New construction: No
Year built: 1964
Utilities & green energy
Sewer: Public Sewer
Water: Public
Community & HOA
Community
Security: Desk in Lobby, Main Entrance Lock
Condo and coop fee: $662 monthly
Subdivision: Observatory Circle
HOA
Has HOA: No
Amenities included: Concierge, Elevator(s), Laundry, Storage Bin
Services included: Common Area Maintenance, Laundry, Water, Sewer, Heat, Gas, Electricity, Trash, Insurance, Management, Reserve Funds