1002 Rhode Island Ne Avenue NE Unit #3, Washington, DC 20018

Property Description

This is a non-lottery IZ unit - buyer must be an IZ candidate.. Uncover urban tranquility at 1002 Rhode Island Ave, where Unit #3 awaits in this meticulously designed boutique condo building. Step into a 2-bedroom, 2-bathroom sanctuary boasting exceptional designer upgrades, including imported tile, floor to ceiling windows, custom walk-in closets, and hardwood flooring. The dynamic floorplan easily accommodates for functional living with almost 750 sqft. The designer kitchen is adorned with custom appliances, sleek high-gloss lacquer cabinetry and expansive countertops made of quartz — presenting an elegant canvas for entertaining and gourmet cooking. Enjoy two outdoor spaces including your own private balcony off the living room as well as a common roof deck. Conveniently located near Rhode Island Ave and Brookland/CUA metro stations, this area offers easy access to public transportation. Enjoy a variety of restaurants and shops at Monroe Street Market, as well as the newly completed Bryant St development, which features residential spaces, retail options, and amenities such as MetroBar and the Alamo Drafthouse Cinema. PLEASE Read the rest of remarks. Pursuant to the District of Columbia Inclusionary Zoning program, income restricted units are available at this development. Please contact the Department of Housing and Community Development regarding the availability of such units and requirements for registration in the Inclusionary Zoning program. This unit is available via the IZ lottery process only. To become eligible for the next IZ purchase lotteries, complete steps 1, 2 and 3 via the DHCD Inclusionary Zoning Website. The minimum occupancy requirement of 2 or more persons for this 2 bedroom unit. The income limits: $97,350 (2 people); $109,500 (3 people); $121,700 (4 people); $133,850 (5 people). The unit must remain the owners continued primary residence throughout their ownership. The household must divest of any other housing ownership before closing on the IZ unit. The unit may not be rented out, in part or in full, for any length of time and via any method without prior written consent from DHCD. Temporary rentals including AirBnb or similar style rentals are never permitted. There are perpetual resale price and term restrictions on the unit. The owner must contact DHCD to obtain a maximum resale price and receive further instructions prior to listing the unit for sale or refinancing the mortgage.