You Can Buy A Home In DC For $1,490

WASHINGTON, DC -- Always wanted to own a home in D.C.? How about a 700-square-foot one-bedroom apartment for $1,490?

If that sounds too good to be true, it's not, but there is definitely a major catch. It's an income-restricted building in Southeast, meaning you can't make more than $60,839 in order to buy it (or $69,530 if there are two of you living there).

Also, you'll have to pay your own brokerage fees, and there are carrying charges of $1,000 monthly including all utilities.

But hey, at least you'll be a homeowner.

• Address: 2711 Q St SE Apt 203, Washington, District of Columbia
• Price: $1,490
• Square Feet: 700
• Bedrooms: 1
• Bathrooms: 1 Baths
• Built: 1950
• Features: this is a limited equity coop and the buy in share price is $1490. Carrying charges are $1000 monthly including all utilities.This is an income restricted building. Buyers cannot make over $60,839 for 1 person household and $69,530 for a 2 person household . Since this is a not for profit coop, buyer is responsible for paying their own brokerage fees

This listing originally appeared on realtor.com. For more information and photos, click here.