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1443 EUCLID NW STREET 1-8 (ALL UNITS), WASHINGTON, DC 20009
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$4,150,000
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Home Details for 1443 EUCLID NW STREET 1-8 (ALL UNITS)
Price
$4,150,000
Type
commercial/industrial
Year Build
1913
Sq. Ft.
4431
Lot Size
0.05
County
WASHINGTON
Tax
$21,453
MLS®️ Listing#
DCDC503952
On exitrealty.com
743 days
Property Description
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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- Utilities
- Cable TV Available
- Electric Available
- Sewer Available
- Water Available
- Cooling Information
- Central A/C
- Heating Information
- Central
- Parking
- Public
Listing courtesy: Compass - 2023866330
IDX listing information is from various brokers who participate in IDX and provided courtesy of Bright MLS. Information contained on this website provided by MRIS is deemed reliable but not guaranteed.
Last Updated: 2023-01-27 20:54:24
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$4,150,000
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EXIT KEYS REALTY
1 Thomas Circle, Suite 700, Washington, DC 20005