Great opportunity for low to moderate income households in Columbia Heights. Beautifully updated, freshly painted approximately 500 square foot large studio featuring new kitchen appliances, new carpeting and an updated bathroom. Unit has a walkout from the living room to an indoor balcony with a newly installed double glass door. Washer and dryer in building basement. This is a Limited Equity Cooperative governed by an affordability covenant only accepting low to moderate-income households. The transfer and recordation taxes are computed based on the down payment ($32,775) plus the two underlying mortgages ($38,742.12). The transfer and recordation taxes are based on the combined amount ($71,517.12). Income restrictions are as follows: for one buyer the maximum income is $108,400 and for two buyers it is $123,800. Cash or coop financing only for the down payment. No investors are allowed to purchase. Must use National Capital Title and Escrow for closing. Occupant pays gas and electric only. Water, sewer, trash and underlying mortgages are included in the $705 monthly coop fee.
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