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1416 Chapin St NW
Washington, DC 20009 Columbia Heights DC

$2,942,000 USD

Apartments For Sale  •  8,605 SF

Property Details

• Property Type Apartments
• Total Building Size 11,520 SF
• Lot Size 0.14 AC
• Building Class C
• Year Built 1900
• Cap Rate 7.00 %
• Zoning RA-2

81 Transit Score

95 Walk Score

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

Cap Rate:

7.00 %

Amenities

• Laundry Facilities
• Bicycle Storage

Public Transportation

Commuter Rail	Drive	Walk	Distance
L'enfant (Fredericksburg Line - Virginia Railway Express, Manassas Line - Virginia Railway Express)	7 min	-	3.0 mi
Union Station (Brunswick Line - Maryland Area Regional Commuter Trains (The MARC), Camden Line - Maryland Area Regional Commuter Trains (The MARC), Fredericksburg Line - Maryland Area Regional Commuter Trains (The MARC), Manassas Line - Maryland Area Regional Commuter Trains (The MARC), Penn Line - Maryland Area Regional Commuter Trains (The MARC), Red Line - Maryland Area Regional Commuter Trains (The MARC))	8 min	-	3.1 mi
Transit/Subway	Drive	Walk	Distance
Columbia Heights (Green Line - Washington Metropolitan Area Transit Authority Metrorail (Metrorail), Yellow Line - Washington Metropolitan Area Transit Authority Metrorail (Metrorail))	1 min	10 min	0.6 mi
U Street (Green Line - Washington Metropolitan Area Transit Authority Metrorail (Metrorail), Yellow Line - Washington Metropolitan Area Transit Authority Metrorail (Metrorail))	2 min	11 min	0.6 mi
Shaw-Howard U (Green Line - Washington Metropolitan Area Transit Authority Metrorail (Metrorail), Yellow Line - Washington Metropolitan Area Transit Authority Metrorail (Metrorail))	3 min	20 min	1.0 mi
Airport	Drive	Walk	Distance
Ronald Reagan Washington Ntl	13 min	-	6.4 mi
Washington Dulles International	46 min	-	27.7 mi
Baltimore/Washington International Thurgood Marshall	48 min	-	35.5 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	4
Type:	Surface
Included in Rent:	Yes