Understanding the Foggy Bottom Condo Market
The Foggy Bottom area has always been a popular housing destination. George Washington University is one of the driving forces in this market.
GWU consistently has more students than available housing units. The scarcity of on-campus housing creates a strong need for rentals in the area. With such demand, it has also been a popular area for investors.
Foggy Bottom has many one bedroom and efficiency condominiums and co-ops that are perfect for rentals. This is the way to go, especially for investors interested in starting with something simple that gets great cash flow. My wife and I bought there some years ago and it has proven to be an excellent investment for us.
Tare, a member of the Ron Sitrin Team, knows this area better than any other agent I know.
She has been helping students, parents of students, and investors in the Foggy Bottom market for the last 15 years. She knows more about the ins and outs of each building, their amenities, and various floor plans each building has to offer. She even has special relationships with the building property managers and access to off market opportunities.
If you’re interested in learning more about the Foggy Bottom area for investment purposes or for your college-age kids who are attending GW, Tare is the best person you could possibly call. She has a better sense of what properties will rent and sell for than any other agent I know.
In the video below you can hear some of Tare’s thoughts on the Foggy Bottom condo market. If you would like to learn more, please give her a call at (301) 404-7678.