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DESCRIPTION

32 unit apartment building for the discerning accredited investor. 6% Cap Rate in the highly upwardly mobile development zone between Walter Reed development and downtown Silver Spring. Delivery by late Summer, 2021. Hard Hat tour available to the qualified investor. Must present proof of funds from a reputable bank to the listing agent.

KEY DETAILS
  • Price:
  • $16,000,000
  • Bedrooms:
  • 32
  • Full Baths:
  • 0
  • Square Footage:
  • n/a
  • Acreage:
  • 0.17
  • Year Built:
  • 2021
  • MLS #:
  • DCDC517160
  • Street Address:
  • 7700 Georgia Ave NW
  • City:
  • Washington
  • State:
  • DC
  • Postal Code:
  • 20012
  • County:
  • Washington
  • Listing Status:
  • For Sale - Active

Building

  • Building Security:
  • Desk In Lobby, 24 Hour Security, Intercom, Security Gate
  • Ease Of Access:
  • 2+ Access Exits, Chairlift, Roll-In Shower, Wheelchair Mod
  • Number Of 1 Bedroom Units:
  • 14
  • Number Of 2 Bedroom Units:
  • 17
  • Number Of 3 Bedroom Units:
  • 1
  • Number Of Units:
  • 4
  • Number Of Units Vacant:
  • 32
  • Other Buildings:
  • Above Grade, Below Grade
  • Square Footage Source:
  • Assessor
  • Style:
  • Contemporary
  • Year Built:
  • 2021
  • Year Built Source:
  • Estimated

Land

  • Approximate Lot Size Range Source:
  • Assessor
  • Conforms To Zoning:
  • Mu-4
  • Lot Square Footage:
  • 7512.00
  • Road Type:
  • Concrete, Black Top
  • Soil Type:
  • Urban Land-Sassafras-Chillum
  • Zoning Description:
  • The Mu-4 Zone Is Intended To: Permit Moderate-Density Mixed-Use Development;

Listing

  • Days On Market:
  • 127
  • On Market Date:
  • 2021-04-15
  • Originating Mls:
  • Bright
  • Special Conditions Of Sale:
  • Standard

Location

  • In City Limits:
  • Yes
  • Street Direction Suffix:
  • Nw
  • Street Type:
  • Avenue

Money

  • City Taxes:
  • 26136.00
  • Property Taxes:
  • $26,136
  • Tax Year:
  • 2020

Structures

  • Number Of Carport Spaces:
  • 9
  • Parking Spaces:
  • 9
  • Parking Type:
  • Attached Carport
  • Pool Description:
  • No Pool

Systems

  • Cooling Fuel:
  • Electric
  • Cooling System:
  • Multi Units, Programmable Thermostat, Central A/C
  • Existing Water:
  • Public
  • Heating:
  • Central, Programmable Thermostat
  • Heating Fuel:
  • Electric
  • Sewage Type:
  • Public Sewer
  • Water Heater:
  • Electric

Source

  • Listing Provided By Ttr Sotheby's International Realty

    © 2021 BRIGHT, All Rights Reserved


    BRIGHT
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SCHOOL RATINGS
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SCHOOL DISTRICT: DISTRICT OF COLUMBIA PUBLIC SCHOOLS

NOTES

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