1745N in Washington

Name: Sales in 1745N started!
Start: 2020-09-08T06:46:03.396146+00:00
End: 2023-12-31T23:59:59+0000
Location: 1745N

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Project info

Object ID: 9121

Finished at	June 2018
Price, m²	From 8400$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 75.00 m²
Floors	7
Apartments	68
Building phase	Completed
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking Kids playground Near school Near kindergarten Near supermarket Nearby subway stations Farragut/West 1 min Farragut West 2 min Dupont Circle 3 min McPherson Square 6 min McPherson/Square 6 min Columbia 10 min Columbia Heights 10 min Foggy/Bottom 11 min Foggy Bottom 11 min U Street 12 min Federal Triangle 13 min Metro Center 13 min Ronald Reagan Washington National Airport 14 min Woodley Park 14 min Smithsonian 14 min Crystal City 17 min Pentagon 17 min Georgia Avenue – Petworth 19 min Georgia Avenue/Petworth 19 min Shaw – Howard University 19 min Shaw – Howard/University 19 min Gallery Place 20 min Gallery/Place 20 min Mount Vernon/Square 20 min Mount Vernon Square 20 min Archives 20 min L'Enfant/Plaza 21 min L'Enfant Plaza 21 min
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Return on investment for apartment

with price

10,605$

Rental income

1,103$

Management

689$

Utilities

530$

5% Income tax

8,283$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	16%	5	50$	250$
February	28	21%	6	50$	300$
March	31	16%	5	55$	275$
April	30	16%	5	60$	300$
May	31	32%	10	60$	600$
June	30	60%	18	70$	1260$
July	31	80%	25	95$	2375$
August	31	80%	25	100$	2500$
September	30	46%	14	75$	1050$
October	31	45%	14	60$	840$
November	30	30%	9	50$	450$
December	31	29%	9	45$	405$
Total	365		145		10605$
Average		39%		64$

Total invested

630,000$

Net profit

8,283$

Payback period

59.4 years

Avg property value increase per year

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About the project

Expect the unexpected at the stunning Historic Row residences situated perfectly at 1745 N Street NW, in the heart of Washington D.C. These exquisite condominium homes are a symphonic blend of Queen Anne and Romanesque architecture with Italian Renaissance and Georgian Revival styling. Unified by their brownstone and brick façades, the converted townhome buildings are accented by street-side gardens and vintage iron gates. An arched entryway welcomes you into a sleek, modern lobby highlighted by a breathtaking grand staircase along with a concierge to cater to your every need. Elegant finishes, retained historic details, soaring ceilings and light-filled spaces make 1745N an exceptional place to call home.

Developer

Madison Homes was started in 1992 in McLean, Virginia by Russell Rosenberger and Milton Schneiderman – two veterans of the homebuilding indu…
Details about Madison Homes