The Story:
--- Just like at Quincy Court, many units at 1010 Massachusetts Ave., that's ten ten Mass, are being offerred as rentals in this "condo" building. Allegedly 70% or so of the units have been sold, so the prospective landlords must be owner-investors. Its surprising how many units are being offerred by investors as seen on craigslist: rentals. Not sure what I make of this.
--- Prices at the 163-unit bulding start at $400k and go up to $1.5m. This one is for sale on craigslist too.
---The building, which should be ready late this summer, will have the usual granite and stainless kitchen. Rooftop pool is nice.
View from the Bubble:
--- No doubt the ability to hold condos off the sales market as rentals is helping to shore the DC condo market up, as seen from the May sales data. Unlike Condos in Chantilly, say, the owners can sell or rent. It's nice in life to have options.
--- This condo is not really in a gentrifying neighborhoods as much as a forgotten one. Not much retail nearby or restaurants for that matter. Nonetheless the Mt. Vernon Sq. area is convenient to downtown and close to Logan Circle etc. Beck is around the corner.
June 11, 2007
It's A Condo, It's A Rental, Whatever You Like
Subscribe to:
Post Comments (Atom)
1 comment:
Hi DC Bubba!
This is a truly informative real estate blog you have here, it’s important to keep up with the industry. I know you are set my friend, but if you have a subscriber or colleague that is looking for an all-in-one pro web presence, we offer a one-stop solution that includes an instant website, automatic listings marketing to industry sites and search engines, listings sharing, IDX feeds and more, and all at the best value (eg. $25 per month agent, $50 for broker) in North America!
If any agents or brokers are looking to improve your web presence, please give me a quick ring, or if you’d prefer, maybe send me an email with the best daytime phone number for you, and a suggested time for me to give you a call. Within an hour you can have a fully pro web presence including everything you need for marketing your listings and your business.
Thanks kindly,
Joe Trainor, Director of Sales
RealtySoft.com Inc.
1.866.857.1657 x 113
http://www.realtysoft.com
Post a Comment