About This Home
This 2-bedroom, 1-bathroom condo at 4124 AMES Street NE #203 in Washington, DC is listed for $140,000 ($183 per sqft). Built in 1963, the home offers 764 sqft of living space on a N/A lot.
Key Features
- Built in 1963
Property Details
Amenities
**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 Wat
er 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.
Monthly Cost Estimate
$1,225/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
4124 AMES Street NE #203
Washington, DC 20019
DEANWOOD
Property Details
Construction
Parking
Heating
Cooling
Questions & Answers
This 2-bedroom, 1-bathroom condo at 4124 AMES Street NE is listed at $140,000 ($183/sqft). The estimated monthly payment is $1,225 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance, HOA fees.
HOA fees are $476/month.
Key features include: Built in 1963.
This property is listed by Rebecca Williams and can be reached at 3013051113.






