Property

Washington, DC 20017 700 Quincy Street NE

700 Quincy Street NE Washington, DC - Image 1700 Quincy Street NE Washington, DC - Image 2700 Quincy Street NE Washington, DC - Image 3
Presented By: Capital Realty Advisors
  • MLS# DCDC2162536
  • 10/02/2024
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  • SQFT • 12,500

Home Details

* 100% Leased * New constructioncompleted in 2021 * HCVP tenantsguaranteed 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.
Presented By: Capital Realty Advisors

Interior Features for 700 Quincy Street NE

Other Interior Features

Central Air Y/NNo
Heating FuelElectric
Heating Y/NYes
Hot WaterElectric
Total Stories4

Other Rooms

Entry Level1

General for 700 Quincy Street NE

AccessibilityOther
Business TypeApartment Building
Cap Rate6.25
CityWASHINGTON
Construction Completed Y/NYes
Construction MaterialsBrick, Composition
Cool FuelElectric
CoolingOther
CountyWASHINGTON
DirectionsFrom White House 1600 Pennsylvania Avenue NW (4.4 miles):  Take Rhode Island Ave NW to Lincoln Rd NE 16 min (2.5 mi)  Continue on Lincoln Rd NE to Michigan Ave NE 4 min (1.1 mi) Turn right ont
Gross Income328080.00
HeatingOther
Legal SubdivisionBrookland
Lot Size Square Feet7557.00
Lot Size UnitsSquare Feet
ModificationTimestamp2024-12-06T02:35:53
Net Operating Income218242.00
New ConstructionYes
Number Of Units Total7
OwnershipFee Simple
PossessionSettlement
Price Per Sq Ft Total AG279.35
Property ConditionExcellent
Property SubtypeFive Or More Units
Property TypeCommercial Sale
Property UseInvestment
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Tax Annual Amount8328.0
Tax Assessed Value979810.0
Tax Lot17
Tax Year2024
Vacation Rental Y/NNo
Water Access Y/NNo
Waterfront Y/NNo
Year Built2021
Year Built SourceEstimated
ZoningRA-1

Exterior for 700 Quincy Street NE

Building Area Total12500.00
Car Parking Spaces2
Land Assessed Value446920.00
Land Use Code
Lot Size Acres0.17
Lot Size SourceAssessor
Navigable Water Y/NNo
Soil TypesClay
Total Loading Docks0
Total Parking Spaces2
Type of ParkingOn Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo

Additional Details

Price History

Antonio Freitas

Associate
Price $3,491,872
MLS#DCDC2162536
List Date 10/02/2024
Property Type Commercial
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