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700 Quincy St
For Sale $3,491,872
$3,491,872
- 7 Units
- Unknown Sq Ft
- 7,557 Sq Ft
- Unknown Cap Rate
Description
* 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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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $3,491,872 |
| Property Type | Multi-Family |
| Usable Sqft | Unknown |
| Number of Stories | 4 stories |
| Parking Spots | 0 spots |
| Year Built | 2021 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 3819//0017 |
| MLS # | DCDC2162536 |
| Property ID | 320908699 |
| Lot Sqft | 7,557 |
| Zoning | RA-1 |
| Total Units | 7 |
| Days on Market | 38 |
| Original List Price | Unknown |
| Date Updated | October 02, 2024 |
| Date Created | October 01, 2024 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Geoffrey G Lindsay an agent of .
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Information Deemed Reliable But Not Guaranteed
Data last updated: November 08, 2024.
Robert Crawford
REAL ESTATE AGENT