Sq.Ft.4,431
Year1913
Kevin Koitz
(301) 254-6576
1443 Euclid St NW in , Washington DC, 20009
Status:
Active
Property Type:Commercial
MLS #:DCDC503952
Sq. Feet:4,431
On Site:26 Days
Lot Size:0.05 Acres
Fully-occupied, 8-unit luxury apartment building in Columbia Heights with a 4.14% 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, photos and virtual tour of all 8 units are available in the attachments. 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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Community Information
Address:1443 Euclid St NW, Washington, DC 20009
City:Washington
Zip Code:20009
Features / Amenities
Flooring: Wood, Hardwood, Marble
Entry Level: 2
Security System: Fire Detection System, Intercom, Main Entrance Lock, Smoke Detector, Sprinkler System - Indoor
Cooling: Central A/C
Cooling Fuel: Electric
Heating: Central
Heating Fuel: Electric
Hot Water: Electric
Property Features
Lot Size:
0.05 Acres
Lot Description: Level
Location: Urban
Soil Types: Urban Land Not Rated
Parking: Public
View: City, Street
TV/Cable/Com: Cable TV Available, Electric Available, Sewer Available, Water Available
Sewer: Public Sewer
Water: Public
Transportation: Airport less than 10 miles, Bus Stop less than 1 mile, Metro/Subway Station less than 1 mile, Commuter Rail Station 1 to 5 miles
Zoning:RA-2
Directions:Euclid Street NW between 14th and 15th
Tax and Financial Info
Total Taxes: $21,453 (paid Annually)
Tax Year: 2020
Net Operating Income: $178,289.00
Gross Income: $230,740.00
Owner Pays: Accounting/Legal, Advertising/Licenses and Permits, Association Fees, Common Area Maintenance, Insurance, Management, Pest Control, Repairs, Reserves for Replacement, Sewer, Snow Removal, Taxes - Real Estate, Trash Collection, Water
Ownership Type: Fee Simple
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1443 Euclid St NW Washington, DC 20009
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Listing Information Last Updated 1/30/2023
Listing provided courtesy of Compass (202-386-6330).
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The Broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information deemed reliable but is not guaranteed.
