Description

Listing agent has found a lender who will give most buyers $10,000 and below market financing on their purchase of their residence.
CASH BUYERS OR PRIVATE FINANCING ONLY. 50% DOWN MIGHT WORK. CALL FOR DETAILS.
For owner occupants only! Income restrictions apply unless DC is paid $10,000! This is an ADU (Affordable Dwelling Unit.)
See guidelines in the Documents section. Welcome to a unique opportunity to own a spacious two-bedroom co-operative apartment in the heart of a rapidly gentrifying area in Washington, D.C. Priced at an astonishingly low $165,000, this exceptional unit provides an affordable gateway into the bustling capital city. Situated in a vibrant neighborhood with easy access to public transportation, including two Metro stations, this co-op offers a remarkable combination of location, size, and value that is truly a one-time opportunity of a lifetime.

Property Overview:

Price: $165,000
Monthly Fee: $350
Square Footage: Approximately 950 sq. ft.
Bedrooms: 2
Bathrooms: 1
Monthly Savings with Solar Panels: Approx. $80
Neighboring 2 BR Units: Priced upwards of $550,000

Affordability:
The price of this co-op is a rare gem in a city known for its high living costs. With an asking price of $165,000, this unit provides a unique chance to own property in one of the nation's most sought-after cities at a fraction of the cost. What's more, the monthly fee of just $350 is significantly lower than the average in the area.

Monthly Savings:
Imagine saving an additional $80 per month on your electric bills, thanks to the recently installed solar electric panel system. This upgrade not only helps you reduce your carbon footprint but also puts money back in your pocket. It's a win-win for your wallet and the environment.

Size and Layout:
This co-op, boasting approximately 950 square feet of space, offers generous room for comfortable living. The layout includes two spacious bedrooms, a full bathroom, a well-maintained kitchen, and a welcoming living room with a large bay window that fills the space with natural light.

Bedrooms and Storage:
Both bedrooms in this unit are well-proportioned and offer good closet space. The larger bedroom, located at the rear of the unit, overlooks a private deck, creating a serene retreat within the city. Whether you're starting a family or simply need extra space, this co-op can accommodate your needs.

In-Unit Laundry:
Enjoy the convenience of a full-size washer and dryer right in your own home. No more trips to the laundromat or shared laundry facilities – this co-op provides the ease and comfort of in-unit laundry.

Kitchen and Bath:
The kitchen is in excellent shape, ready for your culinary creations. The full bathroom is also well-maintained, offering all the essential amenities for your daily routines.

Home Ownership Opportunity:
This co-op is an exceptional opportunity for an owner occupant looking in an area undergoing rapid gentrification. Similar two-bedroom units in neighboring buildings are selling for upwards of $550,000, making this unit a rare and valuable opportunity to build equity while enjoying affordable living.

Maintenance Required:
Please be aware that this apartment is bank-owned and, as such, requires a bit of TLC. A fresh coat of paint and new carpet or other flooring will go a long way in transforming this space into your dream home. A few minor repairs are also needed, but with some love and attention, this co-op can become the perfect place to call your own.

Seller strongly prefers settlement at National Capital Title, which already has title work.