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What’s a Fair Price for My Rental Property? – 3600 Block of 11th St. NW

by Prince Of Petworth December 3, 2010 at 10:30 am 77 Comments

Ed. Note: I’ve been getting a few inquiries like this so I thought it would be fun to start it as a regular feature. If you’re looking to rent a place out and are curious what is a realistic price send an email with ‘what’s a fair price’ in the title to princeofpetworth(at)gmail(dot)com. We can also do this for people selling their homes if interested.

We just purchased a fully renovated house on the 3600 block of 11th St. NW with a wicked nice basement apartment rental unit. We would love some input on how much you (and the readers) think it is worth! We hope to advertise it sometime this month. Here are the details:

* 1000 sqft 1 bdrm apartment
* All utilities included (minus cable/internet)
* Washer/dryer in the unit
* All new kitchen appliances
* Easy on street parking (there are always spots!)
* Just a hop & skip to all the new bars on 11th Street! Meridian Pint, Red Rocks, and what hopefully will be a rockin’ bar being build by the owners of Local 16th!
* .6 miles to Columbia Heights metro and all it’s glory! Think Target, Marshalls, IHOP, etc…
* .3 miles to Petworth. Certainly not too long until it is also glorious! Especially if your shuttlebutt is right on and that coffee shop moves in like you noted in the blog. Not to mention the new sports bar going in next to the Looking Glass.
* Solid size bathroom with great sink and fancy facet!
* Easy walk to 16th street for all the express buses
* Quiet one way street
* Great landlord!

Thanks for the input!

(Note: The photos don’t show a cooking range or refrigerator since we just ordered them from Home Depot – they will arrive next weekend)

View Larger Map

I think I gotta stick with the $1300-$1500 range – what do you guys think?

A few more photos after the jump.


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