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Reply to "Thoughts on this Co-op in Cleveland Park?"
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[quote=Anonymous][quote=Anonymous]350k, 640 monthly fee, WINDOW UNIT ac (!!!) and no elevator with basement laundry? Plus it is a coop so hard to sell and may not be able to rent it out. Plus no parking… Nice building and unit but it is a 275k condo at best[/quote] Nothing in DC is hard to sell. Co-op units tend to sell for less than condo units which make them a great choice for first time home buyers who plan to live in the unit. Less so for investors. My first property was a coop unit that was the least expensive 1BR for sale in the neighborhood when I bought it. Same when I sold it 4 yrs later for 2.5x what I paid for it. It was under contract in 3 days…they are a terrific option for the right buyer.[/quote]
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