$250,000

Estimated payment $2,442/month

Total Views 6,057
1 Bed
1 Bath
726 Sq Ft
$344 Price per Sq Ft

Highlights

  • Concierge
  • Community Center
  • Front Desk in Lobby
  • Fitness Center
  • 2 Elevators
  • 3-minute walk to Walter Pierce Park

About This Home

Discover The Saxony Cooperative Apartments, an investor’s gem situated in dynamic Adams Morgan with views of Rock Creek Park, the National Cathedral and the National Zoo. This tenant-occupied, 600 sq. ft. top floor 1-bedroom, 1-bath unit is leased at $1,850/month starting December 1, 2024, delivering immediate cash flow with a solid 4% cap rate.

Inside, a welcoming foyer with a coat closet leads to an expansive 23x21 living/dining area featuring classic parquet flooring. The galley kitchen includes a gas stove, refrigerator, and garbage disposal, maximizing space and functionality. A spacious 15x13 bedroom and adjacent full bath provide a private, comfortable retreat.

Enjoy premium building amenities including a rooftop deck with panoramic views, a fitness center, a laundry room, and a bike room. The all-inclusive co-op fee of $788 covers most utilities and building maintenance, making management effortless. Street parking is available, and the location is a short walk to the metro, offering quick access to D.C.’s attractions and employment hubs.

This turnkey investment in an iconic neighborhood presents reliable rental income and excellent amenities.

Last Listed By

John Akhavan

Realty ONE Group Capital Listed on: 11/03/2024

Property Details

Home Type

  • Co-Op

Year Built

  • Built in 1950 | Remodeled in 2007

HOA Fees

  • $788 Monthly HOA Fees

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 726 Sq Ft Home
  • Property has 1 Level

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Parking

  • On-Site Parking for Rent
  • On-Street Parking

Accessible Home Design

  • Accessible Elevator Installed

Utilities

  • Central Heating and Cooling System
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 814
  • Assessor Parcel Number 2586//0814

Community Details

Overview

  • Association fees include water, trash, common area maintenance, reserve funds, underlying mortgage, gas, exterior building maintenance, custodial services maintenance, sewer, snow removal, taxes, lawn maintenance
  • 161 Units
  • Mid-Rise Condominium
  • The Saxony Condos
  • The Saxony Community
  • Adams Morgan Subdivision

Amenities

  • Concierge
  • Community Center
  • Laundry Facilities
  • 2 Elevators

Recreation

Pet Policy

  • Cats Allowed

Security

  • Front Desk in Lobby

Property Details

Home Type

Co-Op

Year Built

Built in 1950 | Remodeled in 2007

Lot Details

0

HOA Fees

$788 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Mid-Rise 5 - 8 Floors
  • Architectural Style: Unit/Flat
  • Accessibility Features: Elevator
  • Ownership: Cooperative
  • Historic: No
  • New Construction: No
  • Story List: Main
  • Year Built: 1950
  • Year Renovated: 2007
  • Remarks Public: Discover The Saxony Cooperative Apartments, an investor’s gem situated in dynamic Adams Morgan with views of Rock Creek Park, the National Cathedral and the National Zoo. This tenant-occupied, 600 sq. ft. top floor 1-bedroom, 1-bath unit is leased at $1,850/month starting December 1, 2024, delivering immediate cash flow with a solid 4% cap rate. Inside, a welcoming foyer with a coat closet leads to an expansive 23x21 living/dining area featuring classic parquet flooring. The galley kitchen includes a gas stove, refrigerator, and garbage disposal, maximizing space and functionality. A spacious 15x13 bedroom and adjacent full bath provide a private, comfortable retreat. Enjoy premium building amenities including a rooftop deck with panoramic views, a fitness center, a laundry room, and a bike room. The all-inclusive co-op fee of $788 covers most utilities and building maintenance, making management effortless. Street parking is available, and the location is a short walk to the metro, offering quick access to D.C.’s attractions and employment hubs. This turnkey investment in an iconic neighborhood presents reliable rental income and excellent amenities.
  • Washer Dryer Hookups YN: No
  • Special Features: None
  • Property Sub Type: Coop

Interior Features

  • Entry Floor: 6
  • Fireplace: No
  • Elevators Count: 2
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Common
  • Total Sq Ft: 726
  • Living Area Sq Ft: 726
  • Price Per Sq Ft: 344.35
  • Above Grade Finished Sq Ft: 726
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1801

Beds/Baths

  • Bedrooms: 1
  • Main Level Bedrooms: 1
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: On-Site - Rent
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Desk In Lobby, Main Entrance Lock
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 788.00
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: The Saxony
  • HOA Condo Co-Op Amenities: Concierge, Community Center, Exercise Room, Laundry Facilities, Fitness Center, Elevator
  • HOA Condo Co-Op Fee Includes: Water, Trash, Common Area Maintenance, Reserve Funds, Underlying Mortgage, Gas, Ext Bldg Maint, Custodial Services Maintenance, Sewer, Snow Removal, Taxes, Lawn Maintenance
  • HOA: No
  • Senior Community: No

Schools

  • School District: DISTRICT OF COLUMBIA PUBLIC SCHOOLS
  • School District Key: 121140357950
  • School District Source: Listing Agent

Lot Info

  • Soil Types: Urban Land-Sassafras-Chillum
  • Year Assessed: 2024
  • Zoning: RA-2
  • In City Limits: Yes

Rental Info

  • Pets: Cats Ok
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 81421.00
  • Assessor Parcel Number: 2586//0814
  • Tax Lot: 814
  • Tax Data Updated: No
  • Tax Year: 2024

MLS Schools

  • School District Name: DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/25/2025 02/25/25 Price Changed $250,000 -16.7% $344 / Sq Ft
12/14/2024 12/14/24 Price Changed $300,000 -4.8% $413 / Sq Ft
11/03/2024 11/03/24 For Sale $315,000 0.0% $434 / Sq Ft
03/31/2017 03/31/17 Rented $1,499 -24.1% --
03/31/2017 03/31/17 Under Contract -- -- --
09/16/2016 09/16/16 For Rent $1,975 -- --
Source: Bright MLS

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Source: Bright MLS

MLS Number: DCDC2167164

Bright MLS

APN: 2586- -0814