Arbor View | Affordable Housing, Assumable HUD Loan
RI Market Place Auction: September 22 - 24
Berkadia, in partnership with RealINSIGHT Marketplace, is pleased to present Arbor View, a 156-unit affordable housing community at 1212 Southern Ave SE in Washington, D.C., spanning 125,592 SF across six buildings built in 1964 and renovated in 1995 and 2014. The asset carries an assumable HUD 221(d)(4) loan with an $8.80 million balance at a 3.04% fixed rate maturing in 2055, alongside two assumable solar arrangements, including a 233 kW community solar facility placed in service in 2025 that generates lease income and cuts electric costs for roughly 50 residents. On-site commercial income includes $72,000 annually from the Kids Are Us Learning Center daycare. The recent expiration of the property's LIHTC affordability covenants creates an opportunity to capture additional value through measured rent growth toward market levels. Located 0.8 miles from the Southern Ave Green Line Metro station in a Southeast D.C. submarket undergoing significant redevelopment, Arbor View offers buyers below-market financing, diversified income, and rent growth potential. The Property is offered individually or in combination with Meadowbrook Run as part of the 415-unit Enterprise Portfolio.
**Arbor View is offered as part of the 415-unit Enterprise Portfolio alongside Meadowbrook Run. Properties can be acquired individually or in combination.