1443 EUCLID STREET NW Unit: 1-8 (ALL UNITS)

WASHINGTON, DC, 20009

$4,150,000

$936 per ft²
$4,150,000
$936 per ft²
Active
Active
 - For Sale
carpenters-square
4,431 ft²
property_type
Commercial
calendar
Built 1913
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.
MLS® ID:
DCDC503952
Updated:
10/1/22

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Floor Description
Wood, Hardwood, Marble
Cooling
Central A/C
Heating
Central

Exterior/Building Features

Lot Size
2,178 ft² lot
Lot Details
Level
Roof
Flat
Sewer
Public Sewer

School Information

School District
DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Other Property Details

Taxes
$21453.00
Tax Frequency
per YEAR
Garage
No
Parking
Public
View
Y
County
WASHINGTON
Utilities
Cable TV Available, Electric Available, Sewer Available, Water Available
Water Source
Public
Pool
No
Total Stories
5
Zoning
RA-2
Contact