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Property description
Welcome Home! This affordable, cozy two-bedroom unit is your pathway into DC living in the lovely neighborhood of Columbia Heights. Located in a secured-entry building and surrounded by multiple public transportation options, parks, restaurants, shopping and more, your new residence includes an assigned parking space and easily accessible on-site-in laundry facilities. The modernly appointed kitchen is complemented by the easy flow between the dining and living room areas. The primary bedroom features a walk-in closet. Dont wait, it wont last long! This is NOT an IZ unit and there is no IZ-related occupancy requirement, i.e. this 2-unit property does not require 2 occupants. Current photos were taken before prior tenant had moved. New photos will be uploaded soon. Seller prefers National Capital Title and Escrow for settlement as they are the co-op's Transfer Agent and preferred title company. Pursuant to the District of Columbias affordability requirements, this estate sale co-op is an income restricted unit, owner occupants only. Total maximum annual incomes (pre-tax amounts, projected over the next 12 months) for all persons who will live in this 60% MFI unit, by household size: $63, 900 (1 person), $73, 000 (2 people), $82, 150 (3 people), $91, 250 (4 people), $100, 400 (5 people). There is one underlying mortgages that is addressed in the monthly co-op fees. The total monthly cost of the underlying mortgage is $149.30. The co-op fee that includes water and parking is $701, 70 monthly. Approval is required by the co-op board for any contracted purchaser and is obtained via a mandatory interview process. Prior to the execution of any contract, all prospective purchasers must submit income information to a DHCD-approved certifying entity, to determine whether they are income eligible to purchase the unit in accordance with the terms of the Affordability Covenant. The listing agent will facilitate buyer(s) submission to a CBO (Community Based Organizations) to act as a Certifying Entity. Come visit the property and get your process started today.
For more details:
Listed by: Lisa Jeffery
For more details:
Listed by: Lisa Jeffery