Fort Totten (House) or Carver/Langston (Condo)
Hi all,
I am looking to buy in either Fort- Totten or on 17th Street by the Carver/ Langston area. However, I am leaning toward Totten because of the upcoming projects which includes an Aldi store some more apartments and townhouses. The townhouses are supposed to be about 60-90 senior living and 130 or so for whoever.
There is also a Modern apartment project that should replace the Rigs low income building.
Do you all believe this area has a good potential?
I am shying away from the condo because of potential condo fee increase and the limitations or possibly the hassle it may bring. However this is the better area, closer to H Street and should be high demand.
Numbers makes sense on both, key issue is that a condo may not appreciate well even in a desired area.
This is not a pure cash flow investment, more like long term play for appreciation as long as rent covers expense I am okay with it.
Am I off on my analysis?