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AKD, Real Estate Pro in Washington, DC

How much could I rent my renovated 600 sq/ft studio for in SW waterfront area? Utilities are included.

Asked by AKD, Washington, DC Sun Aug 7, 2011

I would cover the $400/month coop fee, but I would like to still make a substantial profit since I'm moving to a larger townhouse. The condo is 1 block from metro/safeway/starbucks/cvs off 4th street.

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Answers

5
Hi AKD,

Have a Realtor do a comparative market analysis for you. Then you can see how much other homes in the area are renting for.
0 votes Thank Flag Link Tue Jun 26, 2012
This all depends on a variety of factors. If you are interested in a performance based service with no monthly fees, then we can certainly help you!


http://www.rentalsgonewild.com/Apartment
0 votes Thank Flag Link Fri May 11, 2012
Studios in SW recently rented for between 1,250 & 1,350. They rented within 30 days. However they were slightly smaller - under 500 sf.. One bedrooms rented, starting around 1,495. There are a number of other factors that should be considered ... level of renovation, condition of building, buildings amenities, etc. Give me a call and I will be happy to work through the details with you (also remember that coop and condo requirements are different). Carrie 202-413-3364
0 votes Thank Flag Link Sun Aug 7, 2011
Hi,
Depends on the building and its amenities. There are handful of coop`s in SW / Waterfront area which offer great amenities. Of course, Metro is major factor that will help you to find a tenant.

Best of Luck,
--
Zaza Pasori | PenFed Realty
11864 Sunrise Valley Drive,Reston,VA 20191
T. 202-412-5221 F. 703-716-0017 O.703-716-2900
http://www.penfedrealty.com

Equal Housing Opportunity
0 votes Thank Flag Link Sun Aug 7, 2011
We leased a furnished studio unit at Town Square Towers for $1,375 (link below). The interest level was high and it was only on the market for about a week. The condo is a nice unit but has a fairly dated kitchen and bath. Since yours is a little larger, you should be able to achieve a premium from that rate, and depending on the quality of the finishes, you may be able to get quite a bit more. Let us know if you'd like our assistance

Faraji Whalen
Domus Property Management
http://rentdccondos.com
202.487.9565
0 votes Thank Flag Link Sun Aug 7, 2011
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