My lead is in Falls Church so I think your estimate of $200/sq foot is accurate.

His shtick is if he has properties in the area, he goes to the area, posts help wanted ads on church bulletin boards, and church publications.

He also talked a lot about the value add possibilities of changing traffic flow, attracting certain tenants, upgrading facades, considering synergy (Churches draw crowds on Sunday mornings, Restaurants draw crowds on Friday and Saturday nights, so a parking lot need not accommodate max crowds at both simultaneously... etc.

Thank you for sharing.I'm putting together a financial education workshop for my church and this helps me with some topics. 

Have wholesale deal with a church ministry,pending return of my "Standard contract to purchase realestate".

The home was a parsonage for the church next door that he picked up for a steal and since acquiring it he has  had the foundation repaired, added new roof, new mechanicals, updated all of the plumbing and added the second bath.

However; my house is within close distance to Bethel Church in Redding, CA that has a ministry school drawing students and people for conferences from around the world, and they're doing a $96 million expansion. 

Its also close to our church community that meets at the James Monroe Elementary School nearby on Sundays.3) Value Add: Option to add another bedroom to the Garden unit when tenants are ready to move out, option to add laundry to both units, option to add some curb appeal to the front of building.4) Appreciation: This area of Logan Square still has a lot of potential for appreciation in my opinion as it is still far enough from the blue line that its price hasn't been hyper inflated.

In NOVA, there are many multi's in the Arlington area, a few in Falls Church and a whole bunch coming available in DC, especially NE DC. 

We are finding out from other people that know them that they are freeloaders and they constantly beg the Church for money to pay for their bills.