1436 W Nw Unit #405, Washington, DC 20009

Property Description

PRICE REDUCTION | U STREET LOCATION | YOU PAY $45,000 TO PURCHASE | Welcome to this amazing coop in the U Street NW Corridor. This spectacular and extremely modern top floor apartment offers all the luxurious touches required by the most arduous discerning buyer. Features include 1 bedroom, and 1 bath with approximately 570 s/f of living space. Upon entering, you are met with 10’ ceilings, 4-inch-wide plank hardwood flooring, custom finishes throughout, energy efficient double pane windows, updated HVAC system, spacious living room, updated kitchen with color coded cabinets, with a gas cooking stove, and newly installed countertops and kitchen floor. The home is equipped with SMART Technology which includes a NEST Thermostat. Well maintained building that The building is well maintained and secure. It has undergone a recent lobby facelift and several more scheduled renovations is scheduled for several more improvements. PLEASE NOTE - property is income restrictive. It requires an annual maximum income of no more than $63,000 for one person, $72,000 two persons, and $81,000 for three persons. Although the unit sales for $111,700, to purchase you pay $45,000. Coop fee includes insurance, maintenance, on-site management, taxes, water, gas, trash & snow removal, underlying mortgage (-$66,700) & much more. The purchase price is comprised of two components; $45,000 is due at settlement plus closing cost. This enables the buyer to become a shareholder in the coop. The second component is due monthly similar to rent or a mortgage payment and covers insurance, maintenance, on-site management, taxes, water, gas, trash & snow removal, heat and air conditioning and the underlying mortgage (-$66,700). The monthly payment is approximately $1,078. The total purchase price is $45,000 plus $66,700 or $111,700. The location has a 98+ walking score. You are blocks from U Street, Bus Boys & Poets, CVS, Yes! Organic Market, Trader Joes, bars, restaurants, shops, gyms, and the U Street Metro Station. This is an Eexcellent opportunity for students looking to live off-campus, first time home buyers, and retired/fixed income buyers.