700 Quincy St Ne

Highlights:

• Days on Market: 130
• Heating: Other

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.