Income-Producing Condo - Strong Cash Flow in District Heights Tenant-occupied 1-bedroom condo currently generating $1,725/month (month-to-month lease), offering immediate income for investors. Priced at $109,000, 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… Read More updates) to enhance overall value and tenant appeal. Investment Highlights: Current rent: $1,725/month Strong rent-to-price ratio Projected 7-8% cap rate based on typical operating expenses Potential 18-20% cash-on-cash return depending on financing structure Functional 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. Read Less
Courtesy of Sam Gupta, EXP Realty, LLC 888-860-7369
Listing Snapshot
Days Online
4
Last Updated
Property Type
Other
Beds
2
Full Baths
1
Square Ft.
886
Lot Size
0.06 Acres
Year Built
1964
MLS Number
MDPG2192436
Additional Details
Building
Built in 1964, Living area: 886, Levels: 1, Construction Materials: Brick
Cooling
Central A/C
Accessibility Features
None
Heating
Forced Air
Home Owner's Association
Association Fee: $600, Fee Frequency: Monthly, Fee Includes: Ext Bldg Maint, Gas, Insurance, Pool(s), Trash, Water, Amenities: Pool - Outdoor, Tot Lots/Playground
Interior Features
Combination Kitchen/Dining, Floor Plan - Traditional
Lot
0.06 acres
Property
Other structures: Above Grade, Below Grade
Sewer
Public Sewer
Taxes
Annual Amount: $1,674, Year: 2025, Zoning: R18
Utilities
Water Source: Public
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