1. District of Columbia
2. Washington
3. 700 QUINCY STREET

700 QUINCY STREET, Washington, DC 20017

Property Description

* 100% Leased * New construction—completed in 2021 * HCVP tenants—guaranteed rent * Short walk to Brookland-CUA Metro * Add back in-house prop. mgt. fee--NOI increases to $212,676 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.

Listing Status:

Active

Date Added:

October 2, 2024 at 05:00AM

Listing Office:

Capital Realty Advisors : 7035362100

Listing Agent:

Geoffrey G Lindsay : 7035362100

MLS ID:

DCDC2162536

Interior

• A/C: Other
• Heating: YOtherElectric
• Disability Feature: Other

Construction

Location

Lot

Utilities

Financial

This listing courtesy of Geoffrey G Lindsay, Capital Realty Advisors