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1443 EUCLID STREET NW - Unit #18ALLS
Washington, DC 20009

$4,150,000

20% Min Down
Commercial
Listed Jan 16th, 2021, Built in 1913
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Common Charges
$0
Property Taxes
$21,453
Mortgage
$15,375
Total Monthly Payment
$36,828
Est. Rental Income
$1,200
Cap Rate
-5.86%
HopScore Analysis
HopScore Market Price:
$4,191,500
Difference from Asking Price:
$41,500
Closest Comparable:
None Found
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 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.
Features & Amenities
Central A/C
Exterior: Brick
Exterior: Masonry
Listed By
Ryan Tyndall
(202) 299-0424
Compass
Price History
Date Event Price Source
2021-01-16 Listed $4,150,000 Listing Records
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Nearby Schools

(within attendance boundary)
H.D. Cooke ES  •  0.27 mi
2525 17th St Nw, Washington, DC 20009
Public  •  Elementary  •  Grades PK to 5
District Of Columbia Public Schools
MacFarland MS  •  1.41 mi
4400 Iowa Ave Nw, Washington, DC 20011
Public  •  Middle School  •  Grades 6 to 8
District Of Columbia Public Schools
3101 16th St Nw, Washington, DC 20010
Public  •  High School  •  Grades 6 to 12
District Of Columbia Public Schools
School zoning information and other data are provided by RealtyHop Schools and 3rd party sources. The contents of the database are not guaranteed to be accurate or timely. Contact the schools or districts before making any decisions using on this data.
Room By Room Floorplans and Photos
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Comparable Apartments for Rent
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