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109/514 Ridge Rd SE

Washington DC 20019

2
1
860 sq. ft.
Condo
Currently for sale - view listing

Overview

Investment Opportunity – Cash Only AS-Is | 2 BR / 1 BA | Ridgecrest Condominium, SE Washington DC 514 Ridge Rd SE, Unit 109 is a 2-bedroom, 1-bathroom condominium totaling approximately 860 sq ft in the Ridgecrest Condominium, Fort Dupont / Benning Ridge neighborhood, Ward 7. The unit presents a entry level rehab opportunity with a manageable scope of work. Watch the Video Tour to get a better idea. The kitchen is useable with maple cabinetry, granite countertops, and black appliances including a glass-top range, refrigerator, and microwave. The layout includes an arched pass-through between the living area and kitchen, oversized windows throughout, closet storage in both bedrooms and the hallway, and hot water radiator heat included in HOA dues. Remaining work consists primarily of flooring replacement, interior paint, and bathroom ceiling completion. Upon renovation, estimated rental income is $1,600/month. HOA covers gas, water, sewer, trash, snow removal, and building maintenance. The property is located approximately 1.3 miles from Benning Road Metro (Blue/Silver Lines), zoned RA-1, and is not within a designated historic district. This property is offered for cash purchase only. The condominium association does not currently maintain a master insurance policy. The unit is sold strictly as-is with no seller representations regarding HOA financial condition or insurance status. Buyers are advised to conduct independent due diligence.

Features

2 bedrooms
1 bathroom
860 sq. ft. floor area
Condo

Happy sellers in Washington

94%
94% of sellers in Washington reported that their sale price either exceeded or met their price expectations.

Washington stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 3 reviews in Washington over the last 12 months.

Local market activity for 2 bedroom condos in Washington

In the last 12 months, 11 two-bedroom condos similar to 109/514 Ridge Rd SE, have been sold.

This represents a 16% increase in two-bedroom condos sales when compared to the previous 12 months.

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Sales:
(619) 566-0008
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