I did read your question carefully. Rents would tend to be fairly high in these areas which
is great -but actually I would be looking at other things very carefully as well.
1) monthly condo or coop fees and what they cover (special assessments as well, blanket mortgage etc.)
2) marketibility of condo (views - positive or obstructed, what floor is unit on, good floorplan, distance from
metro, square footage, quality of construction of building, investor/owner occupant ratio
some properties may be marketable as rental properties but not resale - I would make sure
whatever you buy would do well both ways
3) Note: In Georgetown and Foggy Bottom there are 2 bedroom townhouses as well. You might
be surprised that by the time you add in the condo fee on two bedrooms, you may favor a condominium
but you may surprise yourself by finding a small townhouse that may work as well.
4) You will tend to get a better price on a vacant property all other things being equal.
5) When you do your research - look at what sold and/ or rented out for but do a separate
search for what did not sell and look carefully at days on market for those properties
that did sell. Addressing the thoughts outlined here (and other factors happy to share)
is the best way to make sure you accomplish your goals.
There are many other factors. Call me at 202-494-5902 and I will be happy to share them
with you. Sincerely, Steven Figman Weichert Realtors 202-494-5902 or 202-494-5902