1443 Euclid St NW

Washington, DC 20009 View Map $4,150,000 Schedule a Tour
Sq.Ft.4,431
Year1913
Kevin Koitz

Kevin Koitz

(301) 254-6576

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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
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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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).
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program. Real estate listings held by IDX Brokerage firms other than Compass are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. This information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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.