7700 GEORGIA AVE NW, WASHINGTON, DC 20012 | DCDC512510 | Berkshire Hathaway HomeServices Select Realty

7700 GEORGIA AVE NW $16,000,000

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    7700 GEORGIA AVE NW WASHINGTON, DC 20012

    • 25,599 sq. ft.
    • 0.17 Acres
    • Commercial
    • MLS# DCDC512510
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    Views: 35 Days On Site: 53

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    Property Details

    Delivering on July 1st, 2021. Located between the new Walter Reed Development and downtown Silver Spring, the 32 units brand new construction 'SEVEN700' 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.

    • General Features
      • County WASHINGTON
      • HOA Y/N N
      • New Construction Y/N Y
      • Sale Type Standard
      • Tax Annual Amount 26136.00
      • Tax Year 2020
      • Water Access Y/N N
      • Waterfront Y/N N
      • Year Built 2021
      • Zoning MU-4
      • Zoning Dscrp The Mixed-Use (MU) zones: commercial, institutional, and multiple dwelling unit residential developments at varying densities.
    • Building Features
      • Building Name NONE AVAILABLE
      • Building Total SqFt 25599.00
      • Building Units Total 32
      • Business Type Apartment Building, Institutional, Other
      • Cooling Fuel Electric
      • Cooling Type Central A/C, Heat Pump(s)
      • Flooring Type Wood, Laminated, Concrete, Other
      • Garage Y/N N
      • Heating Fuel Electric
      • Heating Type Central
      • Roof Concrete
      • Sewer Septic Public Sewer
      • Total Garage And Parking Spaces 9
    • Property Features
      • Lot Size Acres 0.17
    • Schools
      • School District DISTRICT OF COLUMBIA PUBLIC SCHOOLS

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    Neighborhood

    20012 (WASHINGTON) Demographics

    44 Median Age
    6,386 Population Density (per sq. mile)
    62% College Educated
    $80,369 Estimated Median Income
    3,622 Estimated Total Home Owners
    2,276 Estimated Total Renters
    61% / 39% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    14,457 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $919,950 Median Sales Price
    24 Homes Sold
    29 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $16,000,000
        3/17/2021 4:27:00 AM New in Database Source New Value: $16,000,000

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        **Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Information is supplied by seller and other third parties and has not been verified. All information provided is deemed reliable but is not guaranteed. All properties are subject to prior sale or withdrawal. Data may not be reproduced or redistributed and may not be used for any purpose other than consumers’ personal, non-commercial use. Copyright 2021 BRIGHT MLS – All Rights Reserved.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.