Listed price in listed location currency (USD).
$140,000

210

MLS® DCDC2270570

  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Residential
Size 764 sqft
Garage 
HOA Fees $476
Taxes $1,349
Days Active 11
Approx. Age 1963
Avg. Price Per Sqft $183
MLS® Number DCDC2270570

Property Address: 203-4124 Ames St Ne, WASHINGTON, DC, 20019-3331

Average square foot calculated using Size range provided by listing agent.

Description

**Cash purchase only** INVESTOR ALERT! Immediate Cash Flow | Tenant in Place | Future Rent Upside Immediate cash flow from day one! Tenant-occupied 2BR/1BA condo generating $1, 500/month with a reliable tenant in place through January. Below-market rent offers built-in upside at lease renewal, creating an opportunity to increase future revenue. Recently refreshed interior, assigned off-street parking, private storage, in-unit washer and dryer, secure building, and just minutes to Deanwood Metro. Cash purchase only. This is an outstanding opportunity for investors seeking immediate income with long-term appreciation potential. Located in a secure, professionally managed 14-unit condominium building, this well-maintained condo offers the ideal combination of stable cash flow and low-maintenance ownership. The current tenant has an excellent payment history, allowing you to purchase with confidence and begin collecting rental income immediately. Recently refreshed interior features a modern kitchen and renovated bathroom, along with the convenience of an in-unit washer and dryer. Additional value-added amenities include assigned off-street parking, a private storage unit, and a pet-friendly community, helping attract and retain quality tenants. The condo fee includes water, keeping operating expenses more predictable. Ideally situated just minutes from the Deanwood Metro Station (Orange Line), Metrobus routes, Route 50, I-295, and the Baltimore-Washington Parkway, residents enjoy easy access to Downtown Washington, DC, Capitol Hill, Maryland, and Northern Virginia. Shopping, restaurants, parks, and everyday conveniences are all nearby, supporting strong rental demand in this growing Northeast DC neighborhood. Whether you're expanding your rental portfolio, completing a 1031 Exchange, or searching for a turnkey investment with immediate income and future upside, this property delivers. Investment Highlights Immediate rental income at closing Current rent: $1, 500/month Reliable tenant with an excellent payment history Below-market rent with future income growth potential Updated kitchen and renovated bathroom In-unit washer and dryer Assigned off-street parking Private storage unit Secure building access Pet-friendly community Water included in the condo fee Minutes to Deanwood Metro, Metrobus, Route 50, I-295, and BW Parkway Cash purchase only. Existing lease through January must be honored. A rare opportunity to acquire a performing investment property with immediate cash flow and the potential for increased returns.
MLS® NumberDCDC2270570
Locker
Ensuite Laundry
Balcony
Furnished
Laundry Level
Exposure
Exterior
Garage
Approx. Age1963
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatCentral, Electric
A/CCentral A/C, Electric

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 28, 2026List Date
$140,000List Price
  • Commute

Commute

Starting Address
Destination Address
4124 Ames St Ne, Washington, DC

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