1416 Chapin St NW - Apartments FOR SALE
Washington, DC 20009 |
1416 Chapin St NW
Washington, DC 20009
HIGHLIGHTS
- Attractive Unit Mix: Consists of 16 Spacious Units, Featuring 12 Efficiencies and 4 One-Bedroom Units.
- Low Risk Investment: Priced at a Stabilized 7.00% Cap Rate Using Conservative Market Rents
- High Upside Investment: In a Submarket with Low Vacancy Rates, Opportunity to Stabilize Rents Quickly, Enhancing Cash Flow Potential Within 90 Days.
- Low Utility Expense: Each Unit is Separately Metered for Electric
- Unparalleled Access: Situated Three Blocks From the U Street Corridor and U Street Metro Station
FOR SALE DETAILS
PRICE
-
# OF UNITS
-
CAP RATE
-
% LEASED
-
BUILDING DETAILS
PROPERTY NAME
16 Unit Apartment - Renovated
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Mid-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
11520
STORIES
4
YEAR BUILT
1900
PARKING SPACES
4
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
2661-0858,2661-0859
