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“What’s a fair price for my rental unit?”

by Prince Of Petworth May 12, 2014 at 3:55 pm 38 Comments

“Dear PoPville,

I’m preparing to rent out the condo unit I used to live in (see photos). What’s a fair price for it?

Basic facts: Adams Morgan (1700 block of Columbia Road), 1BD/1BA, 580 square feet, washer and dryer in unit, dishwasher, garbage disposal, elevator-equipped building.

The cabinetry, etc. in the kitchen and bathroom is older (as the PoPville commentariat will no doubt remark), though the fridge, dishwasher, and washing machine have all been replaced in the past few years. I’m not interested in further updating the kitchen at this time, so obviously the price will need to account for that.”

Draft version of my listing:

For rent, 580-square-foot one-bedroom apartment in condo building in Adams Morgan.

In-unit washer and dryer. Kitchen has a dishwasher, garbage disposal, lots of cabinet space, and enough room for a table.

Extremely convenient location — the building is directly on Columbia Road, four doors down from the Safeway and three doors down from the CVS. There are nearby bus stops for the Circulator (Woodley Park-McPherson Square route), the 42/43, the L2, the X3, the 90, the 92, the 96, and the H1. The building is 0.7 miles from both the Woodley Park Metro station (Red Line) and the Columbia Heights Metro station (Green/Yellow Lines).

Excellent layout with no wasted space. Eastern exposure, with four tall windows and views of distant Adams Morgan and Mount Pleasant rooftops.

Living room and bedroom are carpeted (with luxuriously thick padding). Floor in hallway is hardwood, and floors in kitchen and bathroom are tile.

Building has an elevator and two layers of security — a locked exterior gate (equipped with a callbox) and a set of locked doors within (also equipped with a callbox).

Rent includes water and trash; tenant pays all other utilities (electricity and any desired phone/Internet/cable service). Unit has central heating and air, both provided by the unit’s own HVAC system and controlled by in-unit programmable thermostat.

















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