Home | Newsletter | Advertise
loading...

Deal of the Week: Two Units For the Price of One

  • May 1st 2012

by UrbanTurf Staff

Deal of the Week: Two Units For the Price of One: Figure 1
1638 6th Street NW. Courtesy of Google Maps.

Live in one unit, rent another out. It seems to be what a lot of UrbanTurf readers want to do these days. This installment of Deal of the Week allows for that option.

While not in the best shape, at least cosmetically, this two-unit property on 6th Street in Shaw consists of a two-bedroom, 1.5-bath apartment on the upper level with a kitchen that needs to be renovated, and a one-bedroom, one-bath unit on the lower level. Both units are occupied, but the tenants have waived their right to sell and agreed to move out when the property is purchased.

The downside to this row house is that it needs “a lot of cosmetic work inside”, according to the listing agent, perhaps the main reason it is priced where it is. Still, both investors and owner occupants have shown interest and the property had 13 showings on Monday.

More details below.

  • Address: 1638 6th Street NW (map)
  • Price: $399,000
  • Bedrooms: Three
  • Bathrooms: 2.5
  • Year Built: 1900
  • Listing Agent: Andrew Adler, TTR Sotheby’s International Realty

Here are some monthly payment calculations based on a 20 percent down payment and a 30-year fixed rate mortgage at 4 percent.

  • Loan Amount: $319,200
  • Principal and Interest: $1,524
  • Property Taxes: $295/month
  • Total Monthly Payments: $1,819

See other articles related to: deal of the week, investment properties, shaw

This article originally published at https://dc.urbanturf.com/articles/blog/deal_of_the_week_two_units_for_the_price_of_one/5479.

DC Real Estate Guides

Short guides to navigating the DC-area real estate market

We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!

First-Timer Primers

Intro guides for first-time home buyers

Red Flags Revealed During a Home Inspection Top 5 Tax Breaks For Homeowners Tax Relief for DC Homeowners
Condo Fee Tutorial What is a Rent Back? 10 Ways To Tell If a Home Renovation is Well Done
Obtaining a Basic Business License For Your Rental What is an Adjustable Rate Mortgage? The Splitting the Rent Formula
How Much Cash Do You Need to Buy a House? Is This Condo Building Financially Healthy? Interest Rates and Mortgage Points
The Scoop on Mortgage Insurance

Unique Spaces

Awesome and unusual real estate from across the DC Metro

The Most Intriguing Loft in DC The R Street Firehouse DC’s One-Room House
Dupont Circle’s Old Frat House To Become Alley Home Best Transition From a Garage To a Home The Roundhouse
Tilden Gardens Restaurant-Turned-Home Hits Market Next Week Logan Circle’s Most Intriguing Garage Frank Lloyd Wright Goes Green in Kensington
Sears Bungalow Gets a Modern Makeover Old Town General Store Becomes Three-Level Home Making the Most of a Skinny House
A Studio 27 Renovation on Capitol Hill Once a Carriage House, Now a Home The Bank that Became a Home
From Pie to Hooch to Heroin to Home The Live-Aboards of Gangplank Marina A Treehouse with Rock Creek Park As A Backyard
Modern Tranquility in Sperryville Saddle Up For Stable Living Throwing a Curve at 550 Square Feet
A Modern Hilltop Retreat Tilden Street Restaurant Becomes Spacious Home Focus on Design: A Vastu Unit at 22 West
The DC Area’s First Net Zero Home A Yankee Goes Green DC’s First Carbon Neutral Home
Eco-Friendly Alley House Off H Street The Gym, The Stables and The Firehouse