Address: 1454 Irving St NW, Washington, DC 20010, USA
Created date: June 18, 2024
Date last updated: August 17, 2024
- SUSTAINED RENTAL DEMAND-URBAN LOCATION & AMENITIES
- The Property’s central location in Northwest Washington, D.C. ensures sustained rental demand now and in the future from individuals seeking rental accommodations with equal access to employment centers and urban amenities.
- • The Property provides straight-shot access to major center of employment in Downtown Silver Spring, MD and Downtown Washington, D.C. (four miles and two miles via 16th Street NW, respectively).
- • With a 97 Walk Score, everyday errands can be accomplished by foot. Target, Giant, and DC USA, the district’s largest shopping mall, are directly across the street as are fast casual dining options such as Chipotle, Cava, Starbucks, and Chick-fil-A. Residents also benefit from easy walking access to some of the most popular entertainment and nightlife options in the city, including 14th Street NW, 18th Street NW, U Street NW, and Mount Pleasant Street NW.
- LESS THAN A BLOCK FROM METRO
- The Property’s central location in Northwest Washington, D.C. provides a range of public transit options throughout the city in the greater metropolitan area.
- • Via Rail: The Columbia Heights Metro Station is less than a block from the Property, providing yellow and green lines access throughout Washington, D.C., Northern Virginia, and Maryland.
- • Via Bus: The S2 and S9 Lines rn North-South along 16th Street NW.
- • Airports: Ronald Regan Washington National (DCA) is 20 minutes south of the Property and accessible on the Metro without changing trains.
- CARTE-BLANCHE VALUE-ADD
- The Property is in need of redevelopment and is currently 75% vacant, which provides a lower barrier to completing the necessary work than is typical in tenant-friendly Washington, D.C. The existing tenants are organized in a Tenants Association, are represented by counsel, and are willing participants in new ownership’s redevelopment plans.
Property Description
THE OPPORTUNITY
1454 Irving Street NW is a 21-unit, low-rise apartment community consisting of 21 efficiency units located in the heart of Columbia Heights, Northwest Washington, D.C. The Property is 75% vacant, providing a blank-slate value-add opportunity to new ownership less than a block from the Columbia Heights Metro Station.