$ 22,500,000
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$22,500,000
Price -
0
Bed - Bath
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0
SqFt
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About the Listing CMRL1 - 107268
1324 North Capitol Street NW is a newly constructed 67-unit luxury multi-family building (completed in 2024) currently operating as a fully furnished, high-performing short-term rental under the “Reside, a Wyndham Residence” brand. The property is Zoned MU-5A and can be transferred as a fully stabilized asset or vacant. TOPA does not apply. This asset offers maximum optionality in terms of future use including continued hospitality use under Wyndham (or other Short-Term Rental operator), a traditional multi-family property, a corporate housing asset (includes all FF&E) or converted and sold as luxury condominiums. The property conveys turnkey with condo-level finishes, fully furnished units (FF&E included) and rental revenue, all of which provide a built-in cash flow. This asset is ideal for a family office investment, institutional buyers, 1031 exchange investors, and foreign capital seeking proven results in a Washington DC location, flexibility of use, and long-term upside.
Listing Highlights for 1324 N North Capitol St NW
Status
Active
Days on Site
99
Property Type
Commercial Sale
MLS ®
DCDC2202348
Year Built
2024
Total Square Footage
0
Lot/Acreage
0.22
County
Washington
School District
District Of Columbia Public Schools
Interior Details
- Bedrooms: 0
- Bathrooms: Full
- Appliances:
- Air Cond: Central A/C
- Heating: 90% Forced Air,Energy Star Heating System,Heat Pump(s),Programmable Thermostat
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Horse Property: No,In City Limits
- Garage Capacity: N/A
- Parking Spaces: 9
- Zoning: MU-5A
- Roof:
- Others: Excellent
- Sewer: Public Septic
- Parking Features: Parking Lot,4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Financial Details
- Tax Amount: $18,424
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2024
Payment Calculator
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Listing Location
Questions About..
1324 N North Capitol St NW Washington, DC 20002
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