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    1443 Euclid Street NW

    WASHINGTON, DC 20009
    • $4,300,000
    • STATUS: Active
    • ON SITE: 121 days
    • ID#: DCDC473840
    $4,300,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1913
    County:

    School Ratings & Info

    Description

    Fully-occupied, 8-unit luxury apartment building in Columbia Heights with a 4% CAP Rate. This high-end property, constructed in 2018, includes a mix of one studio/1-bath unit; five 1-bed/1-bath units; and two 1-bed/1.5-bath units, all with stunning finishes, including Italian Fenix cabinetry in the kitchens and baths, wide plank French oak flooring, marble baths and backsplashes, and large floor-to-ceiling windows and sliding interior doors for tons of natural light. Seven of the units include private outdoor spaces, some quite large. All units include washers/dryers and separately metered electricity, HVAC and hot water. Fully-occupied with a NOI of nearly $180,000 annually, this is a fantastic stable long-term rental property--so attractive that tenants have requested multi-year leases and escalated over the advertised rent in the past to secure a unit. Continue to operate this as a long-term rental, or, as units turn over, consider short-term/corporate rentals for a potentially higher return. As this property has already been converted to a condominium (and this sale includes all units in the building), you also have the option of selling the units off individually over time. (The current sale includes all units; units will not be sold individually.) The location of this Columbia Heights gem can't be beat, with the green/yellow metro stop less than a 10-minute walk and Meridian Hill Park, several grocery stores and all the popular shops, bars and restaurants of 14th Street just steps away. Walk Score: 93; Bike Score: 91. Floor plans and photos of all 8 units are available in the attachments; a virtual tour video is available at https://vimeo.com/431616982. Because this is a 100% occupied building, out of consideration for tenants and due to COVID-19 precautions, no in-person showings will be available prior to submission of an LOI.

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    ©2020 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 The Redux Group | Keller Williams. 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: 2020-10-23T23:52:56.137.
    dmv.thereduxgroup.com/homes/107151746
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    1443 Euclid Street NW WASHINGTON, DC 20009

    • Price: $4,300,000
    • Status: Active
    • ID#: DCDC473840
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1913
    Built
    Neighborhood:
    Columbia Heights
    County:
    Washington
    School District:
    District Of Columbia Public Schools
    Property Description
    Fully-occupied, 8-unit luxury apartment building in Columbia Heights with a 4% CAP Rate. This high-end property, constructed in 2018, includes a mix of one studio/1-bath unit; five 1-bed/1-bath units; and two 1-bed/1.5-bath units, all with stunning finishes, including Italian Fenix cabinetry in the kitchens and baths, wide plank French oak flooring, marble baths and backsplashes, and large floor-to-ceiling windows and sliding interior doors for tons of natural light. Seven of the units include private outdoor spaces, some quite large. All units include washers/dryers and separately metered electricity, HVAC and hot water. Fully-occupied with a NOI of nearly $180,000 annually, this is a fantastic stable long-term rental property--so attractive that tenants have requested multi-year leases and escalated over the advertised rent in the past to secure a unit. Continue to operate this as a long-term rental, or, as units turn over, consider short-term/corporate rentals for a potentially higher return. As this property has already been converted to a condominium (and this sale includes all units in the building), you also have the option of selling the units off individually over time. (The current sale includes all units; units will not be sold individually.) The location of this Columbia Heights gem can't be beat, with the green/yellow metro stop less than a 10-minute walk and Meridian Hill Park, several grocery stores and all the popular shops, bars and restaurants of 14th Street just steps away. Walk Score: 93; Bike Score: 91. Floor plans and photos of all 8 units are available in the attachments; a virtual tour video is available at https://vimeo.com/431616982. Because this is a 100% occupied building, out of consideration for tenants and due to COVID-19 precautions, no in-person showings will be available prior to submission of an LOI.
    Exterior Features

    Construction Materials BrickBrick FrontMasonry Door Features Sliding GlassInsulatedFrench Garage YN No Location Type Downtown Parking Features Public Parking Types On Street Property Condition Excellent Riparian Rights YN No Roof Flat Soil Types Urban Land Not Rated View City Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Interior Features

    Building Area Total 4431.00 Cooling Central A/C Flooring Hardwood Heating Central Heating YN Yes Net Square Feet 4431.00 Security Features Fire Detection SystemIntercomMain Entrance LockSmoke DetectorSprinkler System - Indoor

    Property Features

    Acceptable Financing NegotiableConventionalCash Accessibility Features None Annual Gross Expense 52450.00 Assessment Year 2020 Association YN No Business Type Apartment Building Central Air YN Yes Cooling Fuel Electric Cross Street 14th Street Nw Electric Circuit Breakers Elevators 0 Entry Level 2 Gross Income 230740.00 Heating Fuel Electric Hot Water Electric Internet Services Dsl Lease Considered YN No Metering Electric Separate Navigable Water YN N Net Operating Income 178289.00 New Construction YN No Number Of Units Total 8 Operating Expense 52450.00 Operating Expense Includes AdvertisingElectricInsuranceLandscapingManagement FeesPest ControlRepair/MaintenanceSewerSnow RemovalTrashWaterOther Original MLSNumber 304176378568 Owner Pays WaterTrash CollectionTaxes - Real EstateSuppliesSnow RemovalSewerReserves For ReplacementRepairsPest ControlManagementLawn/Shrub CareInsuranceCommon Area MaintenanceAssociation FeesAdvertising/Licenses And PermitsAccounting/Legal Ownership Interest Condominium Possession Subject To Existing LeaseSettlementNegotiable31-60 Days Cd Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 21452.60 Tax Assessment Amount 2602300.00 Tax Lot 2089-2096 Transportation Airport Less Than 10 MilesBus Stop Less Than 1 MileMetro/Subway Station Less Than 1 MileCommuter Rail Station 1 To 5 Miles Utilities Cable Tv AvailableElectric AvailableSewer AvailableWater Available Vacation Rental YN No Water Source Public Year Built Effective 2018 Zoning Ra-2 Zoning Description The Ra-2 Zone Provides For Areas Developed With Predominantly Moderate-Density Residential.

    Listing courtesy of Long & Foster Real Estate, Inc..


    ©2020 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 The Redux Group | Keller Williams. 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: 2020-10-23T23:52:56.137.
     
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