For Sale, USD 1,475,000
1228 FAIRMONT ST NW, Washington, District of Columbia, United States
Property Type : Townhouse
Property Style : Townhouse
Build Size : N/A
Land Size : N/A
Bedroom : 9
Bathroom : 0
Half Bathroom : 0
MLS#: N/A
Property Description
High-Yield Investment in Columbia Heights 9BR/6BA Home with Legal 2BR/2BA English Basement + DenExceptional opportunity to own a high-income-producing property in one of DCs most sought-after neighborhoods. This spacious 9-bedroom, 6-bathroom residence includes a fully finished 2-bedroom, 2-bathroom English basement with a den/office and a Certificate of Occupancyideal for rental income or use as a private in-law suite. Both units feature upscale kitchens with granite countertops, offering modern finishes that attract quality tenants.Outdoor amenities include a front terrace, a rare rear terrace, a second-floor veranda, and a two-car parking padan urban luxury that enhances rental appeal. Located just minutes from Columbia Heights and U Street Metro stations and major bus lines, this property is perfectly positioned for strong long-term rental demand.Estimated Rental Income:2BR/2BA English Basement + Den: Market comps suggest $3,000$3,500/month. Conservatively:$3,000 12 = $36,000 annuallyMain Unit (9 Bedrooms): With group or room-by-room rentals at approx. $1,400/room:$1,400 9 12 = $151,200 annuallyTotal Estimated Annual Rental Income: $187,200Estimated Cap Rate:($187,200 $1,475,000) 100 = 12.7%With a cap rate near 13% and premium finishes throughout, this property offers an ideal blend of upscale living and solid investment fundamentals in the heart of Columbia Heights.
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1228 FAIRMONT ST NW, United States,District of Columbia,Washington is a Washington luxury Townhouse listed for sale USD 1,475,000. This high end Washington Townhouse is comprised of 9 bedrooms and 0 baths. Find more luxury properties in Washington or search for luxury properties for sale in Washington.