Today’s Rental is less than a Thousand bucks

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by Prince Of Petworth June 9, 2016 at 2:35 pm 16 Comments

225 10th Street Northeast

This rental is located at 225 10th Street Northeast. The listing says:

“Remodeled bay front Victorian townhouse, large efficiency w/separate sleeping area, available immediately. House is between Stanton Park and Lincoln Park, blocks from US Capitol, Supreme court, Union Station. No Pets. $45 application fee per person. Available immediately.”

rental

You can see more photos here.

This studio is going for $950/Mo.

Ed. Note: Upstairs is for rent too – 2bed/1bath for $2,000/Mo.

SW 20011

Really good price, must be a catch…
CoHi

Both of these seem too good to be true. Or have I just been living in the Logan/Shaw/Dupont bubble for too long?
- rfff924
  
  I would agree, both seem like a really good deal to me. I have a 2br/2ba about 5 blocks from here closer to Eastern Market and all our friends consider it a really good deal at $2200. And it isn’t nearly as updated as these units seem to be.
  - Anon Spock
    
    Not updated but the extra bath sounds like a better deal to me.
  - Hill Denizen
    
    Yeah, $2200 is a really good deal. That extra bath alone would make it worth the extra $200 (I’d gladly pay an extra $100/month to not share a bathroom). Plus I’d much rather be closer to Eastern Mkt. This area is kind of a deadzone. A hike to three metros, a hike to H St, not a whole lot around but houses. It will be better when they finish the redevelopment of the hospital, but right now, it isn’t great unless you have a car or don’t mind busing to metro (the 90s and D6 are convenient buslines, but still).
    - rfff924
      
      True, though I did leave out one of the bedrooms is really tiny with a small closet. Not really good for a roommate, but great for guests or a kid.
- Anon
  
  Right? I live in Capitol Hill, and these are great prices. I would have loved a $950 studio in this location back when I was renting!
Anon

This actually seems like a good deal. Same goes for the upper unit.
- Anon
  
  I wonder if there’s a third unit on top, and how that would be accessed (the main door appears to go straight into the 2-bedroom) or if the 2-bedroom spans 2 floors.
..sb…

Landlord is leaving a lot of $ on the table, but good for the future tenants.
Formerly ParkViewRes

Both are super good deals. The landlord might be intentionally offering lower rent so they have a large pool to pick from and find a good tenant. Win/win
Traveler

It has a dryer but no washer? If it has washer and dryer, then it is a fantastic deal. To me, no washer/dryer is a deal breaker (if there is access in the building, that’s fine, but none is a problem!).
Angry Parakeet

Sigh…I used to live across the street in a rowhouse’s basement apartment. Very big 1 bedroom with washer dryer access and 2 big closets. Hideous mustard carpeting, sink/counter was the old one-piece stained porcelain, walls were paneling and Z-brick that I painted white. For $350 I could put up with a lot. Oh, it was not safe to walk north of this block then.
textdoc

Seems like a good deal to me.
.
The refrigerator doors should have been mounted with the handles on the other side, though.
***

I didn’t even think it was possible to find a studio in DC for less than $1000.
Anonymous

This is why I usually never rent from recent buyers. Their PITI is way too high and their are trying to chase high comps.
I currently rent from a guy who has owned the small building (3 units) for the last 25 years. He has zero price sensitivity because the building is paid off. And he actually renovated the units 5 years ago after a minor fire in one unit caused smoke damage to the others. My guess is that the owner of this building similarly has the building paid off and the rent is just gravy. Keep the price low and attract high quality, long term tenants.

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