1416 Chapin St NW | Washington, DC 20009
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- LoopNet Team
1416 Chapin St NW
Washington, DC 20009
16 Unit Apartment - Renovated · Multifamily Property For Sale
·
16 Units
INVESTMENT HIGHLIGHTS
- Attractive Unit Mix: Consists of 16 Spacious Units, Featuring 12 Efficiencies and 4 One-Bedroom Units.
- High Upside Investment: In a Submarket with Low Vacancy Rates, Opportunity to Stabilize Rents Quickly, Enhancing Cash Flow Potential Within 90 Days.
- Unparalleled Access: Situated Three Blocks From the U Street Corridor and U Street Metro Station
- Low Risk Investment: Priced at a Stabilized 7.00% Cap Rate Using Conservative Market Rents
- Low Utility Expense: Each Unit is Separately Metered for Electric
PROPERTY FACTS
| No. Units | 16 | Building Size | 11,520 SF |
| Property Type | Multifamily | Average Occupancy | 38% |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 1900 |
| Building Class | C | Parking Ratio | 0.35/1,000 SF |
| Lot Size | 0.14 AC | ||
| Zoning | RA-2 - Moderate- or high-density residential areas suitable for multiple dwelling unit development and supporting uses | ||
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 11,520 SF |
| Average Occupancy | 38% |
| No. Stories | 4 |
| Year Built | 1900 |
| Parking Ratio | 0.35/1,000 SF |
| Zoning | RA-2 - Moderate- or high-density residential areas suitable for multiple dwelling unit development and supporting uses |
AMENITIES
SITE AMENITIES
- Laundry Facilities
- Bicycle Storage
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 12 | - | 400 |
| 1+1 | 4 | - | 675 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $2,134,070 | |
| Land Assessment | $587,500 | Total Assessment | $2,721,570 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$587,500
Improvements Assessment
$2,134,070
Total Assessment
$2,721,570
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