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Map
$4,137,683*
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Commercial -
Off Market
1443 EUCLID STREET NW #18ALLS
WASHINGTON, DC 20009
Studio
0 Bath
$3,735,000 - $4,565,000
Reference Base Price*
-0.30%
Since Oct 1, 2023
DC-Washington
Primary Model
About This Property
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.
Unit Size
-
Days on Market
-
Land Size
0.05 acres
Price per sqft
-
Property Type
Commercial
Property Taxes
$1,788
HOA Dues
-
Year Built
-
Property Highlights
Building Info
1443 Euclid Street Northwest
1443 Euclid Street Northwest, Washington, DC 20009
- 1 Unit for Sale
About Northwest Washington
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