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Playful-Translator49 t1_j8smi9a wrote

There’s a flip by me that now has 9 bedrooms and 2 bathrooms and is rented for almost $7,300 on a voucher. The market rent for that area for a townhouse that isn’t super huge would be more around $3,500 maybe. It has been off and on the market at 1.4M listed as an investor dream.

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ahtigers10 OP t1_j8smzoa wrote

Absolutely outrageous.

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Playful-Translator49 t1_j8snfpx wrote

I wish the listing was still active or available it was kinda hilarious. It started as one 3 bed normal townhouse with basement on a corner lot with nice yard and parking. They took the first house and basically left it and ripped out the parking and yard, connected and added a second 2 level and then extended the upper floor over the other house. I have no idea what the inside looks like as the one unit was newly constructed but it’s got 2 AC units and now window units in all the rooms. It was absolutely constructed this way for the per bedroom situation.

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giscard78 t1_j8sp4aq wrote

what’s the address? it could still come up

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Playful-Translator49 t1_j8swzc1 wrote

I found the old listing. Apparently the 2 units are one property.

https://www.redfin.com/DC/Washington/438-19th-St-NE-20002/home/10114618

A few more photos here

https://www.movoto.com/washington-dc/438-19th-st-ne-washington-dc-20002/pid_3qf7p97uah/

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wizer1212 t1_j8u9wvj wrote

This home is currently off market - it last sold on February 10, 2020 for $470,000. Based on Redfin's Washington data, we estimate the home's value is $1,252,098.

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Andrewmi3 t1_j8xbjui wrote

Wow, I thought “this sounds like the monstrosity in my neighborhood” and sure enough it is. Hello apparent neighbor?

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AnonyJustAName t1_j8srdqn wrote

Many of the vouchers are for 1 year. Due to upward pressures/inflation of rent due to how vouchers are administered, people have way less chance to afford something when voucher expires.

Long time tenants in rent controlled units have a target on them since the vouchers are SO much more lucrative.

This has been well known, but glad the WP is writing about it again. The 2019 articles re: Sedgewick Gardens and what a debacle that has been were excellent.

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MarkinDC24 t1_j8syy29 wrote

>nd then extended the upper floor over the other house. I have no idea what the inside looks like as the one unit was newly constructed but it’s got 2 AC units and now window units in all the rooms. It was absolutely constructed this way for the per bedroom situation.

You flip houses? We might need to talk. Looking to purchase later this year!

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Playful-Translator49 t1_j8sz8bv wrote

I don’t flip houses, I just live near this one and walk by it all the time. I’ve been in the first house years ago before it was sold to a developer. It was a normal, nice standard smaller townhome on a nice corner lot. Now it is what it is

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MarkinDC24 t1_j8szmie wrote

Guh. I hate developers who break up homes, they are the worst. I do like when they develop corner lots and leave them as SFH - not divided up multi-family dwellings. Those are the worst!

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HamG0d t1_j8tgkof wrote

Wow. Just realized that is where "guh" came from

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