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    7700 Georgia Avenue NW

    WASHINGTON, DC 20012
    • $16,000,000
    • STATUS: Active
    • ON SITE: 59 days
    • ID#: DCDC512510
    UPDATED: 28 min ago
    $16,000,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    2021
    County:

    School Ratings & Info

    Description

    Delivering on July 1st, 2021. Located between the new Walter Reed Development and downtown Silver Spring, the 32 units brand new construction +G+SEVEN700+G- is minutes from both Silver Spring and Takoma Metro stations and positioned to provide the desired commuter renter base as cash flow investment property. Top tier finishes, balconies, and views of Washington DC with the convenience of being located right at a bus stop makes this an excellent choice for your renters. Walk to all the shops, parks, and restaurants North DC and Silver Spring has to offer or experience DC in only a 10-minute drive. Two Whole Foods and multiple Starbucks in the vicinity signals the continued development of this new neighborhood in Shepherd Park. Contact us for the ROI study. This building will rent itself out in no time and provide an annual rent raise with little to no vacancies for years to come. Hard hat tours available to qualified investors providing proof of funds.

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    ©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Arlington Realty, Inc.. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-05-16T07:51:22.873.
    www.arlingtonrealtyinc.com/homes/115176434
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    7700 Georgia Avenue NW WASHINGTON, DC 20012

    • Price: $16,000,000
    • Status: Active
    • Updated: 28 min ago
    • ID#: DCDC512510
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    2021
    Built
    Neighborhood:
    Shepherd Park
    County:
    Washington
    School District:
    District Of Columbia Public Schools
    Property Description
    Delivering on July 1st, 2021. Located between the new Walter Reed Development and downtown Silver Spring, the 32 units brand new construction +G+SEVEN700+G- is minutes from both Silver Spring and Takoma Metro stations and positioned to provide the desired commuter renter base as cash flow investment property. Top tier finishes, balconies, and views of Washington DC with the convenience of being located right at a bus stop makes this an excellent choice for your renters. Walk to all the shops, parks, and restaurants North DC and Silver Spring has to offer or experience DC in only a 10-minute drive. Two Whole Foods and multiple Starbucks in the vicinity signals the continued development of this new neighborhood in Shepherd Park. Contact us for the ROI study. This building will rent itself out in no time and provide an annual rent raise with little to no vacancies for years to come. Hard hat tours available to qualified investors providing proof of funds.
    Exterior Features

    Construction Materials CombinationConcreteCement SidingFrameMixedOther Garage YN No Location Type Downtown Parking Features Lighted ParkingHandicap ParkingPrivateSurface Parking Types Parking LotDriveway Property Condition Excellent Riparian Rights YN No Road Responsibility City/County Road Surface Type Black Top Roof ConcreteOther Soil Types Urban Land-Sassafras-Chillum View CityStreet Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Interior Features

    Building Area Total 25599.00 Cooling Central A/CHeat Pump(S) Exclusions Any Staging Furniture And items. Flooring WoodLaminatedConcreteOther Heating Central Heating YN Yes Inclusions All Kitchen AppliancesWater HeatersHvacCabinetryBathroom Appliances And Mail Boxes. All The Same inclusions As Typical For New Condo Sales. Turn Key Rental Apartment. Net Square Feet 25599.00

    Property Features

    Acceptable Financing CashOtherNegotiable Accessibility Features None Assessment Year 2020 Association YN No Builder Name Jap Construction Building Permits On Hand Business Type Apartment BuildingBanquet Facility/LodgeInstitutionalOther Central Air YN Yes Construction Completed YN No Cooling Fuel Electric Cross Street Juniper St Elevators 2 Entry Level 2 Heating Fuel Electric Hot Water 60+ Gallon Tank Lease Considered YN No Navigable Water YN N New Construction YN Yes Number Of Units Total 32 Original MLSNumber 304516512048 Ownership Interest Fee Simple Possession NegotiableSettlement Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 26136.00 Tax Assessment Amount 2988720.00 Tax Lot 37 Transportation Metro/Subway Station Less Than 1 MileBus Stop Less Than 1 MileAirport Less Than 10 Miles Vacation Rental YN No Water Source Public Zoning Mu-4 Zoning Description The Mixed-Use (Mu) Zones: CommercialInstitutionalAnd Multiple Dwelling Unit Residential Developments At Varying Densities.

    Listing courtesy of Ttr Sotheby's International Realty.


    ©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Arlington Realty, Inc.. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-05-16T07:51:22.873.
     
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    Arlington Realty, Inc.
    701 23rd Street S
    Arlington VA, 22202