Views
Address
1443 Euclid Street NW # 1-8 (ALL UNITS) Washington, DC
Price
$ 4,150,000
Property Attributes
  • MLS#DCDC503952
  • TypeCommercial
  • CountyWASHINGTON
  • CityWashington
  • Zip20009
  • StyleApartment Building
  • Year Built1913
  • Taxes21453
  • Price$ 4,150,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage4431
  • Lot Size2,178 SqFt
Listing Provided Courtesy Of:
Compass
Data Source:
Bright MLS
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 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.

Price History
1/16/2021 Listed $4,150,000

General Features

Acceptable Financing Cash, Conventional, Negotiable
Accessibility None
Business Type Apartment Building
Construction Materials Brick, Brick Front, Masonry
Cool Fuel Electric
Cooling Central A/C
County WASHINGTON
Days on Market 82
Flooring Wood, Hardwood, Marble
Heating Central
Legal Subdivision COLUMBIA HEIGHTS
Location Type Urban
New Construction No
Ownership Fee Simple
Parking Features Public
Possession 31-60 Days CD, Negotiable, Settlement, Subject to Existing Lease
Price Per Sq Ft 936.58
Property SubType Five Or More Units
Property Type Commercial Sale
Property Use Investment
PropertyCondition Excellent
Roof Flat
Security Features Fire Detection System, Intercom, Main Entrance Lock, Smoke Detector, Sprinkler System - Indoor
Sewer Public Sewer
Tax Annual Amount 21453.0
Tax Lot 2089-2096
Tax Year 2020
Total Units 8
Unit Number 1-8 (ALL UNITS)
Utilities Cable TV Available, Electric Available, Sewer Available, Water Available
Vacation Rental Y/N No
View City, Street
Water Access Y/N No
Zoning RA-2
Zoning Description The RA-2 zone provides for areas developed with predominantly moderate-density residential.

Interior Features

Central Air Y/N Yes
Entry Level 2
Heating Fuel Electric
Heating Y/N Yes
Hot Water Electric

Exterior Features

Building Area Total 4431.00
Door Features French, Insulated, Sliding Glass
Fencing Y/n No
Lot Features Level
Lot Size Acres 0.05
Lot Size Source Estimated
Lot Size Square Feet 2178.00
Navigable Water Y/N No
Soil Types Urban Land Not Rated
Type of Parking On Street
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 20009

Price
AVG $610K
$4.15M
Taxes
AVG $25,686
$21,453
Visits
AVG 96
35
Year Built
AVG 1912
1913
Walkscore
AVG 98
93
Data Provided by Walkscore ® not using MLS data

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