Spacious Studio Co-op + Garage Parking + $5,000 Closing Cost Credit! Discover N502, a generously sized studio co-op in the heart of Southwest Waterfront-one of DC's most dynamic neighborhoods. The Seller is currently offering a $5,000 closing cost credit to the Buyer. It's the sweetest deal around! The Apartment This isn't your typical studio-at approximately 630 square feet, N502 is larger than many one-bedroom apartments in town! Step into an open, light-filled layout with eastern exposure that fills the space with natural light. The living area flows seamlessly to a large private balcony-perfect for morning coffee or evening relaxation. The apartment also features a defined sleeping area. The updated kitchen offers gas cooking and stainless appliances. Two extra large closets offer ample storage, and a garage parking space is included. Everything you wanted in your SW DC abode and more! Building Amenities Tiber Island Co-op offers a sparkling outdoor pool, fitness rooms, resident's lounge, and BBQ grills. Up to two pets per unit allowed. Additional conveniences include rental storage units, community laundry facilities in the basement, and 24-hour front desk service. The Neighborhood Your new home places you near the Wharf and other attractions including Arena Stage and Yards Park. Also close to the National Mall, Penn Quarter, Capitol Hill, Georgetown, and Old Town Alexandria. Commuting is seamless with Metro access, I-295, I-395, I-695, Route 66, and multiple parkways nearby. Virginia Railway Express, Amtrak, and National Airport are all easily accessible. Monthly co-op fee: $1,231.33 (includes property taxes, parking, air conditioning and heat, utilities, cable/internet, master insurance, and more) Contact us today to schedule your private tour. Approx. 630 sf per co-op records. Unit size references are approximate and should not be used for valuation. Some photos may be virtually staged. FAQs: o New owners must occupy as primary residence and file a Homestead Exemption in the District of Columbia. o Ownership cannot be taken in an LLC or corporation. Owners must be natural persons or a trust of the occupant. o Tiber Island Cooperative Homes requires all cash purchasers to obtain a cash evaluation letter as part of the Board Approval process. o Two pets are allowed per unit. o Laundry is in the basement; w/d CANNOT be added in the unit. o Tiber Island collects an escrow at settlement equal to three (3) months co-op fees. This escrow is held throughout the owner's ownership of the co-op. o Renting is allowed after 2 years of ownership. After 4 years of renting, requests are only approved if the Board grants a hardship exception.