Description

The Havana is a 49 unit apartment community, currently under construction, will be delivered Spring of 2017. Investors will have the rare opportunity to acquire high end luxury units and avoid the lengthy and costly TOPA (Tenants Opportunity to Purchase Act) process laws and restrictions, allowing investors to close quickly and take advantage of the favorable capital market environment. Units: 49, One Bedrooms: 32, Two Bedrooms: 17 All 49 luxury units are housed atop 19 underground parking spaces and wrapped with an additional nine above ground private parking spaces. The entire property is powered by electric and individually metered by unit. The property was designed to maximize internal unit space with the active occupant. Highly efficient common areas are illuminated with energy efficient low wattage lightning to control unnecessary expenditure. Designed with the highest of finishes. Condominiums sell close to $700 per square foot or average rents at $2,500, no two units are alike but all have high-end stainless steel kitchens, abundant light, tile and glass accented bathrooms all nestled atop rich hardwood flooring. Nothing was left out. An investor will be able to set rents at any desired level and maximize yield through the properties rent control exempt status. Within a two block walk of H Street NE the future demand and property value will continue to grow as the retail corridor continues to blossom.