1443 Euclid St Nw #1-8 (all Units), WASHINGTON, 20009

Commercial Sale - Five Or More Units For Sale

$4,150,000

Beds
Baths
4,431Sqft
½Acres
1913Built
89DOM
MLS® #: DCDC503952
Active, 89 Days on Market

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 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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Essential Information

MLS® #: DCDC503952
Price: $4,150,000
Condo Coop Fee: $0
Bathrooms: 0.00
Square Footage: 4,431
Acres: 0.05
Year Built: 1913
Type: Commercial Sale
Sub-Type: Five Or More Units
Status: Active
Taxes: $21,453
Tax Year: 2020

Community Information

Address: 1443 Euclid St Nw #1-8 (all Units)
County: WASHINGTON-DC
State: DC
Zip Code: 20009

Amenities

Utilities: Cable TV Available, Electric Available, Sewer Available, Water Available
Parking: PublPark
View: City, Street

Interior

Heating: Central
Cooling: Central A/C
# of Stories: 5

Exterior

Exterior: Brick and Siding, Brick Front
Lot Description: Level
Roof: Flat

School Information

District: DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Additional Information

Listing Office: Compass
Date Listed: January 16th, 2021
Days on Market: 89
Zoning: RA-2

Financials

$/SqFt: $937

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Listing information last updated on April 14th, 2021 at 10:16pm EDT.