Foggy Bottom: A historic D.C. Neighborhood
Foggy Bottom is one of the oldest neighborhoods in Washington, D.C. and is located in the northwest quadrant. It is a historic neighborhood with many homes dating back to the 18th century. The fog and smoke created by the bordering Potomac River and the various industrial industries gave the neighborhood its unique name. Once a popular area for migrants, Foggy Bottom is known today as a culturally diverse and quickly developing neighborhood in D.C.
Foggy Bottom is best known for the presence of George Washington University and the Kennedy Center. It borders the neighborhood Georgetown, a place popular for its upscale shopping and dining. Foggy Bottom has a growing population of over 11,000 people, and is considered one of the more desirable places to live in D.C. due to its plethora of modern amenities and excellent public schools. Foggy Bottom has a convenient metro stop at the George Washington University, providing residents easy access to all parts of the District.
The median home value in Foggy Bottom is $199,185, which is considerably low compared to other neighborhoods in Washington, D.C. Despite the low cost of housing, Foggy Bottom rentals average around $1,552 per month. These low values attract many investors hoping to profit from their rental income investment. Foggy Bottom property management companies help these investors by taking care of tenants and their properties.
Buying a property in Foggy Bottom can be a highly profitable proposition if you are interested in earning a rental income. Washington DC property management company can help you manage a rental or property investment. Property management DC can help you enjoy passive income from your rental or buying investments.