Income-Producing Condo – Strong Cash Flow in District Heights Tenant-occupied 1-bedroom condo currently generating $1, 725/month (month-to-month lease), offering immediate income for investors. Priced at $99, 000, this property provides strong rental performance and long-term hold potential. Estimated market value...
Income-Producing Condo – Strong Cash Flow in District Heights Tenant-occupied 1-bedroom condo currently generating $1, 725/month (month-to-month lease), offering immediate income for investors. Priced at $99, 000, this property provides strong rental performance and long-term hold potential. Estimated market value is approximately $125, 000, with opportunity for light cosmetic improvements (paint, flooring, minor updates) to enhance overall value and tenant appeal. Investment Highlights: Current rent: $1, 725/month Strong rent-to-price ratio Projected 7–8% cap rate based on typical operating expenses Potential 18–20% cash-on-cash return depending on financing structure Functional and income-producing as-is, making this ideal for buy-and-hold investors seeking stable monthly cash flow. Conveniently located near major commuter routes, shopping, and public transportation. Call us today to place your offer and add this asset to your portfolio.
Rob Spicer Broker, GRI
Spicer Real Estate
7201 Wisconsin Avenue