Developers designing true micro-units should take note of a Columbia Heights studio that hit the market late Wednesday. At 278 square feet, it is the smallest unit on the market in DC. And at $99,000, it is one of the least expensive.
Unit #305 at the Parkade at 1457 Park Road NW (map) is what is being called “a bachelor efficiency” which means not only is it quite small, but it also has no kitchen. The unit has been staged with a combination fridge-sink-oven-two-burner stove, which can be purchased at Ikea for about $600.
The listing must be owner occupied, and the building has a high investor ratio so it could be difficult to obtain financing because many lenders require a certain number of owner-occupants in a building versus renters (typically more of the former than the latter). The Parkade was built in 1928.
But, owner occupied just means that it can’t be rented out. Oh the possibilities we see with this little guy. An in-town crash pad? A place to play poker and watch football on the weekend? An apartment for the in-laws when they visit?
More photos are below and here is a full virtual tour. The unit is being listed by Brittany Barsky of Long & Foster.
This article originally published at http://dc.urbanturf.com/articles/blog/at_278_square_feet_dcs_original_micro-unit/8003
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