Ignite FB Tracking Pixel700 Quincy Street NE, Washington, DC 20017 - Wander Batista
United Real Estate Strive 212
Wander Batista, United Real Estate Strive 212Phone: (484) 794-2645
Email: [email protected]
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listing
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CommercialFor Sale
$3,491,872
700 Quincy Street NE
Washington, DC 20017
Listed by: Capital Realty Advisors, (703) 536-2100
MLS: Bright MLS
12,500Sq Ft
Est. Mortgage
$18,124/mo

* 100% Leased * New construction—completed in 2021 * HCVP tenants—guaranteed rent * Short walk to Brookland-CUA Metro Quincy St. Apartments is a new construction (2021), Class-A style 7-unit multifamily building, with washer/dryer in each unit. All tenants participate in the Housing Choice Voucher Program, offering mutual benefits: Tenants can rent in private market, and landlords get guaranteed rent. The new construction means minimal to no deferred maintenance, providing a benefit to investors from a property in excellent condition, increasing its appeal and potential for long-term returns. In addition, the proximity to Catholic University of America campus means a steady supply of students seeking access to walkable housing. The large bedroom count in some of the units would be perfect for a shared-living concept. Before selling, the Landlord must provide the Tenants with an Offer of Sale, regardless of whether a Third Party contract is already in place. Only an incorporated Tenant Organization may exercise the right to purchase a property with 5 or more units. A statement of interest has to be made within 45 days of receipt of the Offer of Sale. Confidential P&L and rent roll available to qualified investors upon signing of confidentiality agreement. See link on page 4 of offering memorandum in documents section.

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This data is up-to-date as of 11/01/2024 10:09 PM. Listing provided by Geoffrey G Lindsay of Capital Realty Advisors.
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