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Continental Properties, Ltd.
Main Office:
202-966-0019
[email protected]
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Continental Properties, Ltd.
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Main Office:
202-966-0019
[email protected]
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Washington DC Real Estate & Commercial for Sale

3 Properties Found

Washington is located in District of Columbia. Washington, D.C. has a population of 707,516. 13.67% of the households in Washington, D.C. contain married families with children. The county average for households married with children is 18%.

The median household income in Washington, D.C. is $91,124. The median household income for the surrounding county is $91,124 compared to the national median of $61,963. The median age of people living in Washington D.C. is 38.3 years.

The average high temperature in July is 88.9 degrees, with an average low temperature in January of 24 degrees. The average rainfall is approximately 43.7 inches per year, with inches of snow per year.


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Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
DCDC2019030
Type:
General Commercial
Subdivision:
Brookland
Lot size:
0.43 Acres
Year built:
1981
Courtesy: TTR Sotheby's International Realty
View additional info

A Developers Dream has just hit the MARKET!! Just a two-minute walk from the Brookland-CUA Metro Station, 700 Monroe Street Northeast is the last parcel in Brookland for major redevelopment. One block away from Catholic University, there has been an influx of development within a one-block radius adding over 500 rental units with 2-bedroom units starting at $3400 per month. Brookland, also known as Little Rome, is a neighborhood located in the Northeast (NE) quadrant of Washington, D.C. It is best known for its numerous Catholic institutions, including schools, religious communities, shrines, institutes, and other organizations built and based around the Catholic University of America. Recent redevelopment projects within a one-block radius have produced several six-level buildings with the largest featuring 310 rental units with ground-floor retail and restaurants. The Brookland submarket having a smaller town neighborhood vibe close to Downtown D.C. has been experiencing a massive influx of development over the last decade. With notable projects such as the Monroe Street Market (three separate and distinct buildings), Brookland Artspace Lofts, Hanover 8th, and RIA development on Rhode Island Avenue this is a highly sought-after area for redevelopment. The most unique development is directly next door and features 152 rental units and 26 dedicated artist spaces which hosts numerous events including the weekly Farmer's Market.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
DCDC2005008
Type:
Apartment Building
Lot size:
0.12 Acres
Year built:
1932
Courtesy: TTR Sotheby's International Realty
View additional info

709 Irving Street NE is a 5-unit boutique apartment building that has a strong performance history through providing housing for Catholic University students and other members of the burgeoning Brookland and Edgewood communities. The building consists of four (3) bedroom units and a (7) bedroom unit and offers a turnkey 5.23% cap rate investment. The Covid-19 pandemic did not affect asset performance, vacancy or operating expenses, and in 2019 and 2020 the average gross operating income was $205,573 with an average net operating income of $139,235. The building's oversized units have a history of high occupancy rates and monthly market rents that range from $3,000 to $6,386. Complimentary off-street parking is provided for the tenants in the rear. Fully renovated less than 10 years ago, this well-maintained asset eliminates any expenditures for a new operator and is a turnkey investment with no deferred maintenance. All units are separately-metered for electricity, helping an owner control operational expenses, and tenants are responsible for all utilities except trash and recycling.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
DCDC2001860
Type:
General Commercial
Lot size:
0.02 Acres
Year built:
1950
Courtesy: RE/MAX Allegiance
View additional info

Excellent location, lots of activity in this area. Tenant pays everything, NNN Lease. Do not disturb business. Can be a carry-out restaurant, office, store, lets build your business now.

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