1729 Church St NW, Washington, DC 20036

Description

Welcome to a turnkey income producing property in the heart of East Dupont Circle. Gut renovated in 2006, the property was reimagined into three modern residences, featuring exposed brick, stainless steel appliances, open-concept living spaces, generously sized bedrooms, and private rear balconies. Ideally positioned just steps from some of the neighborhood’s favorite dining spaces, including Hank’s, Astoria, and Anju, with morning coffee at ThreeFifty and Java House. Whole Foods, Safeway and the Dupont Sunday Farmer's Market are blocks away, while downtown, Logan Circle, and Adams Morgan are all within a ten minute walk.

The property currently generates $6,300/month with one unit vacant, which provides the perfect opportunity for owner occupied house hacking and allowing the rental income to help pay your mortgage. Projected fully occupied income of $8,925/month and a 5.16% cap rate. All utilities are on a single meter. The property is already established as a condominium, creating future flexibility to sell the units individually once reestablishing the condominium association. A compelling opportunity for investors seeking immediate income, strong rental demand, and long-term flexibility in one of DC’s most walkable neighborhoods. Showings times are limited due to current tenancy.