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2835 Gainesville St Se Unit 102, Washington, DC 20020

$75,000
: 2
BD
: 1
BA
: 759
SqFt

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List Price: $75,000
Days on Market: 3
Status: ACTIVE
MLS#: DCDC2284952
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Living Area: 759
Lot Size (Acres): 0.02
Style: Traditional
Year Built: 1955
County: Washington
School District: District Of Columbia Public Schools

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Property Description

MOTIVATED SELLER – SELLER OFFERING FLEXIBLE TERMS AND PRE-PAID HOA FEES - CASH OFFERS ONLY Unit is ideal for investors or owner-occupants! Renovated in 2026, this spacious 2-bedroom, 1-bath condo features a modern kitchen with stainless steel appliances, quartz countertops, LVP flooring and in-unit washer and dryer. Located on a quiet block with ample parking, this property offers attractive rental income potential and convenient access to public transportation. The C35 bus stop is just a 3-minute walk away, providing an approximately 10-minute ride to the Naylor Road Metro Station. Based on the 2026 Fair Market Rent (FMR), potential gross rental income is estimated at $1,760 per month, with estimated monthly operating expenses of $700 ($400 condo fees, $100 electric, and $100 real estate taxes). This represents a potential net operating income of $1,060 per month ($12,720 annually) before financing costs, vacancies, repairs, and other unforeseen expenses. Solar panels were recently installed, and recent electricity bills have been $0 (all electric units). Renovation permits available. Note: Income and expenses are projections that are not guaranteed.

3018014910

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Additional Information

Subdivision: Randle Heights
Building Name: Randle Heights
Interior Features: Some Carpeting, Dining Combo, Flat, Traditional Floorplan, Galley Kitchen, Upgraded Countertops, Window Treatments
School District: District Of Columbia Public Schools
Flooring: Carpet, Tile, Vinyl
Exterior Features: Lighting, Sidewalk, Street Lights
Heating: Heat Pump
Cooling: Central Air
Utilities: Cable Available, Electric Available, Phone Available, Sewer Available, Water Available
Water: Public
Sewer: Public Sewer
Basement: Other